The truth about ESG and sustainable investment

10 Things to KnowCommon QuestionsESG Voices

‘Woke capitalism’ is simply capitalism — and it’s good for business

The backlash against so-called “woke capitalism” is fundamentally anti-capitalist. Companies that prioritize positive environmental and social impacts in addition to profit are responding rationally to the market and to a business case that’s been proven over decades. It’s hypocritical and short-sighted for political leaders to coerce the market to align with their interests, rather than what’s good for people, our economy and our planet.

In his annual “Letter to CEOs”, even BlackRock chairman and CEO Larry Fink wrote that stakeholder capitalism “is not about politics. It is not a social or ideological agenda. It is not ‘woke.’ It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.”

Recent Posts

This website is presented by US SIF: Sustainable Investment Forum, the leading voice advancing sustainable investing across all asset classes. Its mission is to rapidly shift investment practices toward sustainability-aligned goals with the aim of achieving long-term investment goals and preserving our planet and society. US SIF’s hundreds of members represent more than $5 trillion in assets under advisement or management.  

US SIF is supported in its work by the US SIF Foundation, a 501(C)(3) organization that undertakes educational, research and programmatic activities to advance the mission of US SIF.

View additional resources from US SIF

Copyright 2023 US SIF