Between a Blackrock and a hard place: The consequences of corporate social activism
Pressured from both sides of the Environmental, Social, and Governance issue, they have now put themselves between a Blackrock and a hard place.
Pressured from both sides of the Environmental, Social, and Governance issue, they have now put themselves between a Blackrock and a hard place.
Many corporations have shifted from this core purpose into advocacy for social or political causes having little, if nothing, to do with the manufacture, distribution, or sale of goods and services. But this is not a revelation.
Disney’s activism is a bridge too far even in the current day of woke corporations. Making donations to activist groups or voicing support for social justice or climate change is one thing, but using platforms designed to provide entertainment for children — children — to promote alternative lifestyles is a new layer of the woke stratosphere.
The lines relating to the role of business in U.S. society began to blur several years ago but have nearly been erased in this latest round of corporate activism.