ESG criteria lack cultural dimension, argues Artribune opinion
An opinion piece on Artribune argues that ESG (Environmental, Social, Governance) criteria, used to assess corporate responsibility, are missing a crucial 'C' for Cultural. The author contends that cultural and creative factors should be integrated into non-financial reporting, especially in Italy, which has a rich heritage of blending hard sciences with soft skills. The article cites data showing that companies prioritizing ESG indicators are growing faster, and notes the rise of benefit corporations in Italy. It calls for a broader understanding of culture that includes tangible heritage, intangible knowledge, and contemporary production, essential for meaningful digitalization. The piece imagines a future where ESG is expanded to include culture, inspired by Olivetti's vision of the company as part of an ecosystem. Published in Artribune Magazine #59.
Key facts
- ESG stands for Environmental, Social, Governance.
- ESG criteria are used for responsible investment.
- Companies with strong ESG performance are growing faster.
- Italy introduced benefit corporations, first in Europe.
- The article argues ESG lacks a 'C' for Cultural.
- Cultural factors should be part of non-financial reporting.
- Culture includes tangible heritage, intangible knowledge, and contemporary production.
- The article was published in Artribune Magazine #59.
Entities
Institutions
- Artribune
- Artribune Magazine
Locations
- Italy