Claire Parfitt
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Ethics, risk and value
The derivative logic in action
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This chapter uses value theory to understand how ethics are produced through contemporary responsible investment practices, and in particular, the integration of ESG issues into investment decisions. The chapter offers an interpretation of value theory that is specific to understanding how ethics are translated into financial decision-making frameworks. This theory is then applied to empirical evidence about ESG integration in practice, to develop the argument that ESG integration produces a derivative logic of ethics, which then has implications for the organisation of capital, labour and nature.

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False profits of ethical capital

Finance, labour and the politics of risk

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