In Foreign Policy, Daniel Altman argues that over the long-term panies are often better for society than so-called socially responsible business initiatives:

As Jonathan Berman and I have written in the past, panies that take a long time horizon in their decision-making are likely to make more social and environmental investments. Things like training workers, munities, and protecting ecosystems can take a long time to pay off for panies. When they do, the return — including a stronger labor pool, a wealthier consumer base, fewer working days lost to strikes and protests, and greater employee loyalty — can parable to other for-profit investments.

In fact, strictly panies can be among the best social investors because they apply the same discipline to these investments that they would to other parts of their core business. Energy and panies, for example, have some of the longest time horizons in the private sector, and they tend to be big social investors as well. Some panies have actually stopped issuing quarterly reports to shift the attention of analysts to the long term. And because they are still targeting a single bottom line, profit, there’s no loss of clarity about their mission or erosion of transparency for shareholders.

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