Capitalism, driven by globalization and the advancement of information technology, has led to issues such as jobless growth and increasing income inequality. The United Nations first introduced the term ESG in its 2004 "Who Cares Wins" report, and since then, investments utilizing the concept of ESG have proliferated in the global financial markets. In this context, there is growing interest in whether ESG can play a role as a new avenue for capitalism.
This session aims to explore the necessary conditions for ESG to serve as such a mediator. We seek to discuss how laws, institutions, and cultures that govern the behavior of corporations and economic participants need to change for ESG activities to spread.
