Governance & Stewardship (1/2): The Emergence of S in ESG
The financial crisis led to an upsurge in regulation, ranging from capital adequacy to conduct rules. The shareholder-first approach is being subsumed into a multi-stakeholder approach. Hedge fund Chanos is shorting gig economy companies such as ride-hailing app Uber and online food-delivery platform Grubhub.
For an insight into the “S” in “ESG”, watch this clip from Finance Unlocked and Karina Robinson, Co-Founder of The Inclusion Initiative at the London School of Economics.