ESG
4articles
November 2026
4 articles on this page
Corporate finance9 min readDoes Unilever's €1bn climate fund lower its cost of capital?
For a CFO or owner asked whether climate spending pays. Unilever announced a €1bn fund over ten years, but its release says nothing about cost of capital. This post separates what was announced from the 'cheaper capital' hypothesis and shows what evidence would settle it.
Ethics & corporate governance10 min readDoes doing good pay? Four questions to ask before you believe it
For an owner or board offered an ESG investment on the grounds that 'doing good pays'. Four gates (measurement, causation, beyond correlation, incentive) are used to re-read a famous claim in Larry Fink's 2019 letter and to set Vogel (2005) beside Friede (2015).
- Ethics & corporate governance9 min read
The eight tasks of a sustainability officer, and a self-check for SMEs
For owners of small and mid-sized firms who get ESG questions from customers or banks and have nobody in charge. This post explains the eight tasks of a chief sustainability officer in the library's framework and offers a self-check that yields eight numbers, not one total.
Ethics & corporate governance7 min readThe three Ps of sustainability: what to measure beyond profit
For an SME owner or finance manager asked by a customer, bank or investor about profit, people and planet. The framework is hard to add up into one number. The article proposes a scorecard that keeps the three Ps apart, with a hypothetical example and a no-dimension-gets-worse test.