{"id":7699,"date":"2024-06-04T03:27:05","date_gmt":"2024-06-04T03:27:05","guid":{"rendered":"http:\/\/jointings.org\/cn\/?p=7699"},"modified":"2024-06-24T20:58:01","modified_gmt":"2024-06-24T20:58:01","slug":"sustainability-most-misleading-new-business-buzzwords","status":"publish","type":"post","link":"https:\/\/jointings.org\/cn\/2024\/06\/sustainability-most-misleading-new-business-buzzwords\/","title":{"rendered":"\u201c\u53ef\u6301\u7eed\u6027\u201d\u662f\u6700\u5177\u8bef\u5bfc\u6027\u7684\u5546\u4e1a\u4e13\u4e1a\u672f\u8bed"},"content":{"rendered":"

\u3010\u4f01\u4e1a\u793e\u4f1a\u8d23\u4efb\u4e0e\u53ef\u6301\u7eed\u53d1\u5c55\u3011| CSR & Sustainability<\/span><\/a><\/p>\n

\u4f5c\u8005\uff1aR. David McLean\uff0c\u52a0\u56fe\u7814\u7a76\u6240\uff08Cato Institute\uff09<\/a>\uff0c2024-05-14<\/p>\n

\"\"<\/a><\/p>\n

\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0cHertz\u516c\u53f8\u5ba3\u5e03\u5c06\u51fa\u552e\u5176\u8f66\u961f\u4e2d\u76842\u4e07\u8f86\u7535\u52a8\u6c7d\u8f66\uff0c\u8f6c\u800c\u8d2d\u4e70\u71c3\u6cb9\u8f66\u3002\u4ec0\u4e48\u539f\u56e0\uff1f\u7535\u8f66\u7684\u7ef4\u62a4\u6210\u672c\u592a\u9ad8\uff0c\u800c\u4e14\u66f4\u591a\u987e\u5ba2\u66f4\u559c\u6b22\u6cb9\u8f66\u3002<\/p>\n

Hertz\u516c\u53f8\u5728\u6b64\u6b21\u51fa\u552e\u4e2d\u635f\u5931\u4e862.45\u4ebf\u7f8e\u5143\uff0c\u589e\u52a0\u8f66\u961f\u4e2d\u7535\u8f66\u5360\u6bd4\u7684\u516c\u53f8CEO\u4e5f\u8f9e\u804c\u4e86\u3002\u5728\u7ecf\u5386\u4e86\u8fd9\u4e00\u5207\u4e4b\u540e\uff0cHertz\u516c\u53f8\u662f\u66f4\u53ef\u6301\u7eed\u8fd8\u662f\u66f4\u4e0d\u53ef\u6301\u7eed\u4e86\u5462\uff1f<\/p>\n

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\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u5168\u7403\u6700\u5927\u7684\u98ce\u529b\u6da1\u8f6e\u673a\u5236\u9020\u5546\u4e4b\u4e00\u897f\u95e8\u5b50\u80fd\u6e90\u516c\u53f8\uff0c\u57282023\u5e74\u4e8f\u635f\u4e8645\u4ebf\u7f8e\u5143\uff0c\u5fb7\u56fd\u653f\u5e9c\u6700\u8fd1\u5411\u5176\u63d0\u4f9b\u4e86\u4e00\u9879\u4ef7\u503c160\u4ebf\u7f8e\u5143\u7684\u6551\u52a9\u8ba1\u5212\u3002\u90a3\u4e48\uff0c\u897f\u95e8\u5b50\u548c\u5316\u77f3\u71c3\u6599\u516c\u53f8\uff0c\u54ea\u4e00\u4e2a\u4e1a\u52a1\u66f4\u53ef\u6301\u7eed\u5462\uff1f<\/p>\n

\u79f0\u67d0\u6837\u4e1c\u897f\u4e3a\u53ef\u6301\u7eed\u5e76\u4e0d\u80fd\u4f7f\u5176\u771f\u6b63\u53ef\u6301\u7eed\u3002\u65e0\u6cd5\u6301\u7eed\u76c8\u5229\u7684\u516c\u53f8\u8981\u4e48\u9700\u8981\u8865\u8d34\uff0c\u8981\u4e48\u5c06\u4f1a\u5012\u95ed\u3002\u65e0\u8bba\u5b83\u4eec\u662f\u5236\u9020\u592a\u9633\u80fd\u7535\u6c60\u677f\u8fd8\u662f\u5f00\u91c7\u77f3\u6cb9\uff0c\u8fd9\u90fd\u662f\u4e00\u6837\u7684\u3002<\/p>\n

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\u7ee7\u7eed\u8865\u8d34\u8fd9\u4e9b\u4f01\u4e1a\u5c06\u662f\u975e\u5e38\u6602\u8d35\u7684\u3002\u5fb7\u56fd\u653f\u5e9c\u7ed9\u4e88\u897f\u95e8\u5b50\u7684160\u4ebf\u7f8e\u5143\u53ea\u662f\u5c0f\u83dc\u4e00\u789f\u3002<\/p>\n

\u6b27\u6d32\u5de5\u4e1a\u5706\u684c\u4f1a\u8bae\u6700\u8fd1\u8868\u793a\uff0c\u52302030\u5e74\uff0c\u6b27\u6d32\u4eba\u9700\u8981\u82b1\u8d398530\u4ebf\u7f8e\u5143\uff0c\u52302050\u5e74\u9700\u8981\u82b1\u8d392.66\u4e07\u4ebf\u7f8e\u5143\uff0c\u624d\u80fd\u5b9e\u73b0\u52302050\u5e74\u51c0\u4e8c\u6c27\u5316\u78b3\u96f6\u6392\u653e\u7684\u76ee\u6807\u3002\u8fd9\u4e9b\u8d44\u91d1\u672c\u53ef\u4ee5\u6295\u8d44\u4e8e\u5b66\u6821\u3001\u533b\u9662\u3001\u9053\u8def\u3001\u65b0\u6280\u672f\u3001\u75be\u75c5\u6cbb\u7597\u7b49\u8bb8\u591a\u5f53\u4eca\u53ca\u53ef\u9884\u89c1\u672a\u6765\u80fd\u9020\u798f\u4eba\u7c7b\u7684\u4e8b\u7269\uff0c\u7136\u800c\uff0c\u201c\u53ef\u6301\u7eed\u201d\u8fd9\u4e2a\u6807\u7b7e\u5e76\u6ca1\u6709\u6df1\u5165\u63a2\u8ba8\u8fd9\u4e9b\u95ee\u9898\u3002<\/p>\n

\u8fd9\u662f\u56e0\u4e3a\u201c\u53ef\u6301\u7eed\u201d\u6807\u7b7e\u5728\u5546\u4e1a\u4e16\u754c\u4e2d\u7684\u4f7f\u7528\u4e0e\u8fd9\u4e2a\u8bcd\u7684\u5b9e\u9645\u542b\u4e49\u6beb\u65e0\u5173\u7cfb\uff0c\u5b83\u6e90\u4e8e\u5728\u8054\u5408\u56fd\u3001\u4e16\u754c\u7ecf\u6d4e\u8bba\u575b\u548c\u91d1\u878d\u884c\u4e1a\u5de5\u4f5c\u7684\u8fdb\u6b65\u4eba\u58eb\uff0c\u65e8\u5728\u63a8\u52a8\u5927\u591a\u6570\u4eba\u4e0d\u8d5e\u540c\u7684\u8fdb\u6b65\u8bae\u7a0b\u3002<\/p>\n

\u725b\u6d25\u8bed\u8a00\u8bcd\u5178\u5c06\u201c\u53ef\u6301\u7eed\u201d\u5b9a\u4e49\u4e3a\u201c\u80fd\u591f\u4ee5\u4e00\u5b9a\u901f\u5ea6\u6216\u6c34\u5e73\u7ef4\u6301\u201d\u3002\u8d1d\u83b1\u5fb7\u7b49\u4e00\u4e9b\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u5c06\u53ef\u6301\u7eed\u6295\u8d44\uff0c\u5b9a\u4e49\u4e3a\u6295\u8d44\u4e8e\u90a3\u4e9b\u4fc3\u8fdb\u201c\u73af\u5883\u3001\u793e\u4f1a\u548c\u6cbb\u7406\u201d\u76ee\u6807\u7684ESG\u57fa\u91d1\u3002<\/p>\n

\u4f46ESG\u5e76\u4e0d\u662f\u53ef\u6301\u7eed\u7684\u5b9a\u4e49\uff0c\u5b83\u662f\u4e00\u79cd\u4e3b\u89c2\u7684\u8bc4\u7ea7\u4f53\u7cfb\uff0c\u63a8\u5e7f\u8fdb\u6b65\u4eba\u58eb\u9752\u7750\u7684\u73af\u5883\u548c\u793e\u4f1a\u4e8b\u4e1a\u3002\u6211\u4eec\u53ef\u4ee5\u8fa9\u8bba\u8fd9\u4e9b\u4e8b\u4e1a\u7684\u4f18\u52a3\uff0c\u4f46\u8bda\u5b9e\u7684\u8fa9\u8bba\u9700\u8981\u4e0d\u5bf9\u5b83\u4eec\u8d34\u4e0a\u8bef\u5bfc\u6027\u7684\u6807\u7b7e\u3002<\/p>\n

\n

\uff08\u8f6c\u8f7d\u81ea\uff1a\u601d\u60f3\u5e93\u62a5\u544a<\/a>\uff09<\/p>\n

<\/a>\u82f1\u6587\u539f\u6587<\/a><\/p>\n

\u4f5c\u8005\u7b80\u4ecb\uff1aR. David McLean \u662f\u4e54\u6cbb\u57ce\u5927\u5b66\u9ea6\u514b\u5510\u7eb3\u5546\u5b66\u9662\uff08McDonough School of Business\uff09\u7684William G. Droms\u91d1\u878d\u5b66\u6559\u6388\u548c\u91d1\u878d\u9886\u57df\u7684\u9996\u5e2d\u6559\u6388\u3002\u4ed6\u7684\u7814\u7a76\u9886\u57df\u5305\u62ec\u80a1\u7968\u56de\u62a5\u53ef\u9884\u6d4b\u6027\u3001\u884c\u4e3a\u91d1\u878d\u5b66\u4ee5\u53ca\u91d1\u878d\u5e02\u573a\u4e0e\u4f01\u4e1a\u6295\u8d44\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528\u3002<\/em><\/p>\n

\u5176\u8bba\u6587\u53d1\u8868\u5728\u300a\u91d1\u878d\u5b66\u6742\u5fd7\u300b\uff08Journal of Finance\uff09\u3001\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\uff08Journal of Financial Economics\uff09\u548c\u300a\u91d1\u878d\u7814\u7a76\u8bc4\u8bba\u300b\uff08Review of Financial Studies\uff09\u7b49\u9876\u5c16\u91d1\u878d\u671f\u520a\u4e0a\u3002\u4ed6\u7684\u7814\u7a76\u66fe\u591a\u6b21\u83b7\u5956\uff0c\u5305\u62ec Amundi Smith Breeden Award\uff08\u300a\u91d1\u878d\u5b66\u6742\u5fd7\u300b\u6700\u4f73\u8bba\u6587\u5956\uff09\u548c Jensen Prize\uff08\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\u6700\u4f73\u8bba\u6587\u5956\uff09\u3002\u534e\u5c14\u8857\u65e5\u62a5\u300b\u3001\u300a\u91d1\u878d\u65f6\u62a5\u300b\u3001\u300a\u7ebd\u7ea6\u65f6\u62a5\u300b\u548c\u300a\u7ecf\u6d4e\u5b66\u5bb6\u300b\u7b49\u4e3b\u8981\u5a92\u4f53\u90fd\u66fe\u62a5\u9053\u8fc7\u4ed6\u7684\u7814\u7a76\u3002<\/em><\/p>\n

<\/em>R. David McLean <\/em>\u662f\u300a\u7ba1\u7406\u79d1\u5b66\u300b\uff08Management Science\uff09\u548c\u300a\u91d1\u878d\u4e0e\u5b9a\u91cf\u5206\u6790\u671f\u520a\u300b\uff08Journal of Financial and Quantitative Analysis\uff09\u7b49\u591a\u5bb6\u5b66\u672f\u671f\u520a\u7684\u7f16\u8f91\u59d4\u5458\u4f1a\u6210\u5458\u3002\u4ed6\u8457\u6709\u300a\u80a1\u4e1c\u8d44\u672c\u4e3b\u4e49\u6848\u4f8b\uff1a\u8ffd\u6c42\u5229\u6da6\u5982\u4f55\u60e0\u53ca\u5168\u6c11\u300b\uff08The Case for Shareholder Capitalism: How the Pursuit of Profit Benefits All\uff09\u4e00\u4e66\u3002\uff08\u6765\u6e90\uff1a\u4e54\u6cbb\u57ce\u5927\u5b66<\/em>\u5b98\u7f51<\/a><\/em>\uff09<\/p>\n

<\/em> <\/em>\u7f16\u8f91\uff1a\u4e00\u4e00<\/em><\/p>\n

<\/em> <\/em> <\/em>\u63d2\u56fe\uff1aSQM\u6444\u5f71\u4f5c\u54c1\u4e4b\u5370\u5ea6\u7cfb\u5217\uff1a\u6e56\u57ce\u65e5\u51fa\uff08Udaipur<\/em>\uff09<\/p>\n

\n

\u5ef6\u4f38\u9605\u8bfb\uff1a<\/span><\/h3>\n

ESG Does Not Measure a Firm\u2019s Social Impact<\/a><\/h3>\n

ESG\u4f20\u64adChecklist | \u4f60\u7684\u65b0\u95fb\u7a3f\u662f\u5426\u6d89\u5acc\u6f02\u7eff(\u8bef\u5bfc\u6027\u4f20\u64ad)\uff1f<\/a><\/h3>\n

\u90ed\u6c9b\u6e90\u8bf4ESG \uff5c\u70ed\u70b9\u89e3\u8bfb\uff1aA\u80a1\u53ef\u6301\u7eed\u53d1\u5c55\u62a5\u544a\u6307\u5f15\uff08\u8bd5\u884c\uff09\u5f81\u6c42\u610f\u89c1\u7a3f
\n<\/a><\/span><\/a><\/span><\/h3>\n

\u90ed\u6c9b\u6e90\u8bf4ESG \uff5cESG\u53d8\u6210\u810f\u8bdd\uff1f\u53ef\u6210\u5e74\u4eba\u8c01\u4e0d\u8bf4\u51e0\u53e5\u810f\u8bdd\u5462\uff1f
\n<\/a><\/span><\/a><\/span><\/h3>\n

\u90ed\u6c9b\u6e90\u8bf4ESG \uff5c\u7406\u6027\u770b\u5f85\u8fd1\u671f\u6b27\u7f8eESG\u5e02\u573a\u7684\u7126\u8651<\/a><\/span><\/h3>\n

\u53ef\u6301\u7eed\u5546\u4e1a\u65b0\u8303\u5f0f\u7684\u65b9\u6cd5\u8bba\uff1a\u4ece\u201c1\u201d\u5230\u201c6\u201d\u7684\u7ed3\u6784\u5316\u7cfb\u7edf\u6027\u8bbe\u8ba1<\/a><\/span><\/h3>\n

\u7ffb\u5f00H&M\u3001\u8fea\u5361\u4fac\u7684\u300c\u7eff\u76ae\u4e66\u300d\uff0c\u53d1\u73b0\u6211\u4eec\u90fd\u88ab\u9a97\u4e86<\/a>
\n<\/span><\/a><\/span><\/h3>\n

\u884c\u4e1a\u524d\u6cbf\uff5c\u53ef\u6301\u7eed\u57ce\u5e02\u548c\u793e\u533a\u7684\u80fd\u6548\u8bbe\u8ba1\u4e0e\u4f18\u5316<\/a>
\n<\/span><\/a><\/span><\/h3>\n

\u52a0\u62ff\u5927\u7eff\u8272\u91d1\u878d\u53d1\u5c55\u73b0\u72b6\u4e0e\u4e2d\u52a0\u7eff\u8272\u91d1\u878d\u5408\u4f5c\u5c55\u671b<\/a>
\n<\/span><\/a><\/span><\/h3>\n

BGRC 2013: \u53ef\u6301\u7eed\u53d1\u5c55\u6559\u80b2 \u91cd\u65b0\u5b9a\u4e49\u5b66\u4e60<\/a><\/span><\/h3>\n

\u3010CSR Cases\u3011Yellowfin, \u6d77\u6d0b\u9a71\u52a8\u529b<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"

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David McLean\uff0c\u52a0\u56fe\u7814\u7a76\u6240\uff08Cato Institute\uff09\uff0c2024-05-14 \u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0cHertz\u516c\u53f8\u5ba3\u5e03\u5c06\u51fa\u552e\u5176\u8f66\u961f\u4e2d\u76842\u4e07\u8f86\u7535\u52a8\u6c7d\u8f66\uff0c\u8f6c\u800c\u8d2d\u4e70\u71c3\u6cb9\u8f66\u3002\u4ec0\u4e48\u539f\u56e0\uff1f\u7535\u8f66\u7684\u7ef4\u62a4\u6210\u672c\u592a\u9ad8\uff0c\u800c\u4e14\u66f4\u591a\u987e\u5ba2\u66f4\u559c\u6b22\u6cb9\u8f66\u3002 Hertz\u516c\u53f8\u5728\u6b64\u6b21\u51fa\u552e\u4e2d\u635f\u5931\u4e862.45\u4ebf\u7f8e\u5143\uff0c\u589e\u52a0\u8f66\u961f\u4e2d\u7535\u8f66\u5360\u6bd4\u7684\u516c\u53f8CEO\u4e5f\u8f9e\u804c\u4e86\u3002\u5728\u7ecf\u5386\u4e86\u8fd9\u4e00\u5207\u4e4b\u540e\uff0cHertz\u516c\u53f8\u662f\u66f4\u53ef\u6301\u7eed\u8fd8\u662f\u66f4\u4e0d\u53ef\u6301\u7eed\u4e86\u5462\uff1f 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Droms\u91d1\u878d\u5b66\u6559\u6388\u548c\u91d1\u878d\u9886\u57df\u7684\u9996\u5e2d\u6559\u6388\u3002\u4ed6\u7684\u7814\u7a76\u9886\u57df\u5305\u62ec\u80a1\u7968\u56de\u62a5\u53ef\u9884\u6d4b\u6027\u3001\u884c\u4e3a\u91d1\u878d\u5b66\u4ee5\u53ca\u91d1\u878d\u5e02\u573a\u4e0e\u4f01\u4e1a\u6295\u8d44\u4e4b\u95f4\u7684\u76f8\u4e92\u4f5c\u7528\u3002 \u5176\u8bba\u6587\u53d1\u8868\u5728\u300a\u91d1\u878d\u5b66\u6742\u5fd7\u300b\uff08Journal of Finance\uff09\u3001\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\uff08Journal of Financial Economics\uff09\u548c\u300a\u91d1\u878d\u7814\u7a76\u8bc4\u8bba\u300b\uff08Review of Financial Studies\uff09\u7b49\u9876\u5c16\u91d1\u878d\u671f\u520a\u4e0a\u3002\u4ed6\u7684\u7814\u7a76\u66fe\u591a\u6b21\u83b7\u5956\uff0c\u5305\u62ec Amundi Smith Breeden Award\uff08\u300a\u91d1\u878d\u5b66\u6742\u5fd7\u300b\u6700\u4f73\u8bba\u6587\u5956\uff09\u548c Jensen Prize\uff08\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\u6700\u4f73\u8bba\u6587\u5956\uff09\u3002\u534e\u5c14\u8857\u65e5\u62a5\u300b\u3001\u300a\u91d1\u878d\u65f6\u62a5\u300b\u3001\u300a\u7ebd\u7ea6\u65f6\u62a5\u300b\u548c\u300a\u7ecf\u6d4e\u5b66\u5bb6\u300b\u7b49\u4e3b\u8981\u5a92\u4f53\u90fd\u66fe\u62a5\u9053\u8fc7\u4ed6\u7684\u7814\u7a76\u3002 R. 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