Labour has abandoned its environmental commitments. Is it any surprise that UK big business is following its lead?

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Published by Anonymous (not verified) on Sat, 20/04/2024 - 4:35pm in

Tags 

Economics, Environment, Ethics, Labour, Politics

As the Guardian notes this morning:

Unilever is to scale back its environmental and social aims, provoking critics to say its board should “hang their heads in shame”.

They added:

On Friday, the London-based firm’s current chief executive appeared to signal a strategic U-turn for the company, which is valued at £94bn on the London Stock Exchange. In an interview with Bloomberg, Hein Schumacher confirmed plans to water down the company’s ethical pledges on a range of issues including plastic usage and pay.

There really can be no surprise here. Labour is expected to win the first term of what many will think likely to be at least a two term government this year. They have abandoned their green commitments and budgets. Why wouldn’t business do the same?

Rachel Reeves should take note. Her decisions and smooching around the City have consequences. It is by no means clear that they are good.