Companies' ESG scores improve countries' macroeconomic growth
10 June 2020
A new report co-authored by Ben Caldecott shows that the environmental, social and governance (ESG) performance of companies can improve countries' economic growth. This research will have major implications for policymakers and central banks as they plan rescue packages for coronavirus-stricken economies.
The report shows that high ESG performance aligns with significant improvement in GDP and reduced unemployment for company's native country.
A growing number of green groups, scientists, politicians, businesses and economists have argued that a green recovery to the pandemic would not only benefit the economy, but also the climate and wider environment. This research provides the evidence that policymakers need.