May 9, 2025 - 05:35
Alex Edmans, a finance professor at the London Business School, has undertaken the ambitious task of rewriting what many consider the "Bible of Finance." This new edition aims to integrate essential concepts of Environmental, Social, and Governance (ESG) criteria and sustainability into the foundational principles of finance.
Edmans, who was already well-versed in the original text, recognized the need for an update that reflects the evolving landscape of finance in the modern world. With growing emphasis on corporate responsibility and ethical investing, his revisions seek to bridge traditional financial theories with contemporary issues that impact both investors and society at large.
The incorporation of ESG factors is increasingly crucial as stakeholders demand more accountability from businesses regarding their environmental and social impact. Edmans’ work not only aims to educate future finance professionals but also to inspire a shift in how finance is perceived and practiced in today’s world. This initiative marks a significant step towards a more sustainable and responsible approach to finance.
