More than four decades ago, conservative economist Milton Friedman wrote in the New York Times Magazine that corporate social responsibility was a “fundamentally subversive doctrine in a free society, and there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits, so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud.”
Yet a growing body of research around the world supports the concept that more transparency is needed on sustainability and environmental, social, and governance ...