Who Dares to Care? (In the World of Finance)

November 27, 2021 Siddhant Goyal

Date of Publication: Nov 07, 2017

Author: Helen Mussell

Summary:

This study argues that gendered barriers to care are limiting the progress of socially responsible investment (SRI). Anchored within the world of finance -“ an industry predicated on mathematical theorizing, neoclassical economic thought, and omission of relational values -“ the inclusion of environmental, social, and governance (ESG) reporting, a commonly used term for nonfinancial information in SRI, in investment decision making confronts several barriers. One such barrier concerns care: who cares for what, and where. In an environment where an atomistic-individualistic ontology dominates, and a relational-values ontology is omitted, the study investigates the possibilities for ESG to have a wider uptake. It considers the changes required to align the inherently relational aspect of care within a culture of economic reasoning reliant on the exclusion of care. It concludes with suggestions for how a relational caring perspective can be incorporated to accommodate and encourage SRI in the world of financial management.

Link to Full Reading:

https://www.tandfonline.com/doi/full/10.1080/13545701.2017.1390319