Big tech is failing on ESG: Why corporates must do more to tackle social inequality and drive meaningful change

Failure to do so will erode public trust

There is a common thread running between the rising social tensions we are seeing around the world and corporate ESG failings.

These failings are everywhere, from the Facebook-Cambridge Analytica scandal to the Wirecard fraud and serious questions about Boohoo's supply chain. In aggregate, they contribute to rising inequalities and divisions, and undermine society's trust in business and government. The backlash is already beginning, from the siege on US Capitol Hill to the online assault on hedge funds by Reddit users. A lesson in impact investing: Achieving measurable impact in India through education Big tech must answer in part for enabling these crises. But so must investors for failing to hold the...