Companies make more money for their shareholders when they use tools and methods that keep expenses low [“GOP critics say politics drives ESG choices for investment firms,” Sept. 23].
Examples: 1) Renewable energy sources are cheaper than coal. 2) Treat your workers fairly, who are therefore happier and more productive. 3) Don’t break laws and therefore avoid legal costs.
ESG is straightforwardly good capitalism. To subsidize coal, which a hundred years ago was the cheapest source of energy but no longer is, is not good capitalism. To cheat or mistreat your workers is not good capitalism. To cheat your contractors, befoul the air, water, and soil, or get tied up in litigation because you are dishonest are not examples of good capitalism.