If you spend enough time around the environmental, social and governance (ESG) world, it is easy to be cynical when corporations make a big show of speaking out on social issues. As FT deputy editor Patrick Jenkins points out, companies speaking out against US police violence are doing so because it is good for business — as their double standard on dealing with China illustrates. This makes it understandable to roll your eyes at the images of JPMorgan Chase CEO Jamie Dimon kneeling in support of the George Floyd protesters, or Amazon emblazoning the words “Black Lives Matter” across its FireTV menu. It would be a mistake to write these gestures off entirely. The mere fact that companies are openly saying “Black Lives Matter” shows just how much US public sentiment has changed in a few years. Read Full Article - Financial Times, June 10, 2020
