Makes me wonder if these types of activist orgs can actually get sued by their shareholders for participating because 'being part of a boycott org' means the company is losing out on money making, and the backlash could damage the company reputation.
The ESG framework was set up to insulate companies from that kind of liability. An investor who uses ESG as a guideline would have a hard time suing a company who engages in this kind of behavior when they specifically chose to invest in that company because it engages in activism.
Hmm, good point. Maybe the individual companies signing on then? baiting ESG moneys is one thing, but actively turning down business opportunities is another.
Makes me wonder if these types of activist orgs can actually get sued by their shareholders for participating because 'being part of a boycott org' means the company is losing out on money making, and the backlash could damage the company reputation.
The ESG framework was set up to insulate companies from that kind of liability. An investor who uses ESG as a guideline would have a hard time suing a company who engages in this kind of behavior when they specifically chose to invest in that company because it engages in activism.
Hmm, good point. Maybe the individual companies signing on then? baiting ESG moneys is one thing, but actively turning down business opportunities is another.