Shareholder Value in a Burning World
The best way to address climate change is not through wishful thinking but by using the tools we have – and that includes the established corporate model of maximizing shareholder value. Already, many companies are showing the way, having recognized that going green can generate immediate profits.
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CAMBRIDGE – Does solving the climate crisis mean we need to change how publicly traded firms are run? Most corporate leaders believe they have a legal and moral duty to maximize shareholder value, and that they will be fired by angry investors if they do not. But many others worry that an obsession with profits is incompatible with environmental objectives.