The Ethics of ESG

Valentina Gentile is an Associate Professor in Political Philosophy at LUISS University of Rome. Eric W. Orts is the Guardsmark Professor of Legal Studies and Business Ethics at the Wharton School of the University of Pennsylvania. Andreas Rasche is Professor of Business in Society at Copenhagen Business School and Associate Dean for its full-time MBA Program. Alan Strudler is a Professor of Legal Studies and Business Ethics and Professor of Philosophy at the University of Pennsylvania.

'In a world where ESG is both celebrated and contested, The Ethics of ESG offers a timely and critical examination of its evolving landscape. Valentina Gentile, Eric W. Orts, Andreas Rasche, and Alan Strudler bring together leading voices in law and business to explore ESG's theoretical roots, ethical dimensions, and practical challenges (with much nuance and insight). This book is essential reading for scholars, policymakers, investors, and business leaders who seek to better understand ESG-one of the most pressing corporate governance issues of our time.' Dorothy S. Lund, Columbia 1982 Alumna Professor of Law, Columbia Law School, New York

• Acknowledgements; Abbreviations; Introduction: ESG, ethics, law, and beyond Valentina Gentile, Eric W. Orts, Andreas Rasche and Alan Strudler; 1. ESG as dead and alive: how confusion around ESG's meaning hinders and benefits ESG's future Lisa M. Fairfax; 2. Ethics by proxy? An agency–theoretic analysis of ESG investment Joseph Heath and Sareh Pouryousefi; 3. What is the purpose of ESG? Who should decide? Valentina Gentile, Eric W. Orts and Alan Strudler; 4. The square peg: why the environment won't fit management models Thomas Donaldson; 5. Success, law, and ESG Colin Mayer; 6. Reforming ESG ratings: contributions from deliberative theory Andreas Georg Scherer, Dana Entenza and David Sieber; 7. Responsibilization of business and the informational ethics of ESG Steen Vallentin; 8. The ethics of ESG integration: ethical dilemmas of quantification Andreas Rasche; 9. The ethical quandary of monetary valuation in ESG impact measurement Laura Marie Edinger-Schons and Judith Stroehle; Index.