By Joy Frascinella, head of PR at the Principles of Responsible Investment
Responsible investment has steadily moved from the periphery to the mainstream over the last decade. This is because an increasing number of companies and investors acknowledge that looking at environmental, social and governance (ESG) issues translates into myriad advantages, from improved staff performance to better returns.
By Patrick Spencer, Head of Work and Welfare Unit at the Centre for Social Justice
In his Budget, the chancellor Philip Hammond announced forecasts from the Office for Budget Responsibility (OBR) that the British economy will grow by 1.4 per cent in 2018, below previous forecasts of a 1.6 per cent expansion.
The reason? “Regrettably, our productivity performance continues to disappoint,” said Philip Hammond.
Capitalism is under threat and companies now face a more hostile environment in which to do business than at any time in the last 40 years.
A study by the Legatum Institute, a think tank, and Populus, the market research company, found that there is widespread support for Labour’s nationalisation agenda and much less support for free enterprise. For advocates of free enterprise, anyone who runs a business, and, as should be the case, is merely employed by private enterprise, the report makes sober reading.
The big bad wolf is the archetypal menacing predator. Preying on the weak and vulnerable, he has few, if any, redeeming features. For many, this is how they see big business. Recent research by the Legatum Institute showed that the British public holds an unfavourable view of ‘capitalism’ as a concept, viewing it as ‘greedy’, ‘selfish’ and ‘corrupt’. A vast majority, according to the research, would like to see many industries, and the big businesses within them, nationalised.