All constituencies – corporations, government, institutional owners, managers, trustees and every one of us — need to co-operate on developing a system of integrated reporting – holistic accounting – so that corporations have no incentive to pursue societally destructive practices. The costs of pollutions, health issues, roads, education – whatever is caused by business, whatever is needed by business must figure into the bottom line. We have to revolutionize accounting and all corporations should be held accountable. Then all shareholders and customers can stop being enablers of conduct that they personally deplore.
Yes, this requires regulation and enforcement and if necessary, a very big stick wielded by government. But it also requires action, demand and vigilance on the part of shareholders. All shareholders.