A recent headline laments, “In a Warming World, Clean Energy Stocks Fall While Oil Prospers.” The subhead explains, “The market is focused on making money now and isn’t heeding urgent warnings about climate change.” The message is clear: Despite the rise of stakeholder capitalism, corporations and investors are still motivated more by profits than by serving the public good.
A version of this article appeared in the March–April 2024 issue of Harvard Business Review.