European Commission study contains “deep flaws”, conflates key factors and “touts cures” that could be “counterproductive”, academics warn.
Four Harvard professors have criticised a recent European Commission report that proposes reforms to encourage long-term strategic thinking. The commission’s report aims to tackle short-term management of companies and make them more sustainable. The wince-inducing conclusion of four Harvard academics is that the commission report contains “deep flaws”, “mistakenly conflates” key factors, fails to engage with alternative sources of evidence and “touts cures” backed by “little evidentiary support”. Some of the cures proposed by the report, the four argue, could be “counterproductive and costly”. Amounting to a brutal comment on the complexity of sustainability, The European Commission's Sustainable Corporate Gover