Not so long ago, business was business.

The vast majority of corporations happily functioned according to the doctrine of economist Milton Freidman, who believed a company’s sole responsibility was to make gobs of money for its shareholders to roll around in. And, whether due to ideology or cynicism, few expected anything more from the business world.

Today, corporate executives have taken to substituting the word shareholder with “stakeholder,” a buzzword for the broader group that also includes customers, employees, even neighboring communities. But companies that espouse the “interests of all stakeholders” best take care to follow their words with action, especially when it comes to social and environmental justice.

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