As Gillian Tett passes on the leadership of the FT’s Moral Money to editor Simon Mundy, it’s as good a time as any to celebrate our favourite business newsletter.
When Moral Money first launched in 2019, ESG finance was just starting to become more mainstream. This was spurred on by the publication of a Davos Manifesto that set out ethical principles to guide companies through ‘the Fourth Industrial Revolution’, with support from Christine Lagarde, president of the European Central Bank, Mark Carney, Governor of the Bank of England and various investment management giants.
Fast forward to 2023 and we’re at another crossroads. ESG has become caught up in culture wars; Carbon Neutrality has become a dirty word, thanks to poor offsetting practices; and some governments and businesses have scaled back their sustainability ambitions in the face of soaring inflation. In the UK, the speed of transition to a greener economy is set to become a key issue in the forthcoming election
Following the hottest summer of extreme weather across the world, with COP28 at the end of the year and new corporate social responsibility legislation coming into force in the EU, the need for businesses to step up to the mark on their moral and ethical responsibilities couldn’t be greater.
Thanks to Moral Money, there is a now team of brilliant journalists providing daily insight and accountability on all of these developments, helping companies to navigate these fast-changing tides with up-to-date knowledge and analysis.
We wish Gillan all the best in her new role as the 45th provost of King’s College at Cambridge university and, as always, look forward to the next inbox insight from the Moral Money team.
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