From “Greed is good” to a “better capitalism”.

We remember the 80s, with unscrupulous moneymen, pioneers of locust funds who bought companies to make stew for the sole purpose of maximizing their economic return. Operations for which the fate of the workers, the impact on society (and often on the environment) and the future of the companies themselves assumed no importance.

A world far away from ours, in which the pressure to support a “better capitalism” is growing.

A path that began in the 90s with the conceptualization of the Triple Bottom Line which revolves around the three Ps (People, Planet and Profit), whereby a company/organization is more likely to have a positive impact on the world, while improving financial performance, if it pays attention to all three bottom lines.

A path that saw a fundamental turning point in 2004 when the acronym ESG (environmental, social, governance) appeared for the first time in a report entitled “Who cares wins” prepared by financial institutions on the initiative of the United Nations, introducing financial factor and risk mitigation considerations into investing, with the aim of improving long-term financial performances by mitigating specific risks associated with ESG factors.

In 20 years, we can say that an ESG movement has grown from a corporate social responsibility initiative launched by the United Nations to a global phenomenon representing over 30 trillion dollars in assets under management.

On the other hand, it is now clear to everyone that the limits of the planet are as real as those of men, not only for the environment but also from a social point of view due to the exponential increase in the population.

This is why the need to think about new development models that are sustainable is increasingly strong. WE HAVE A SYSTEM to improve resilience that is life, we have a way forward. ESG gives a way to be more resilient, to do better to turn better for people, planet and profit.