Terence Corcoran: Does China meet Mark Carney’s ESG standards?
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Terence Corcoran: Does China meet Mark Carney’s ESG standards?
And other doubts about corporate do-good policies
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In the new economic world order being created under the guidance of Prime Minister Mark Carney and other global masters of central planning, the focus of corporate management allegedly needs to be expanded away from the crass business of making profits. In his 2021 book Value(s), a 500-page guide to the new world order, Carney said every corporate board in the world should monitor and measure ESG.
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For readers who have their eyes on the moon instead of the deep, dark inner planet of corporate management, ESG stands for environment, social and governance. “Once it is recognized that maximizing (short-term)........
