The UAW strike reveals tension between climate goals and union jobs. Just transition is needed in climate-exposed sectors including fossil-fuel producing and using ones.
CSR in general and even programs such as the Global Compact lack a verifiable metric. ESG corrects this by outlining how to assess companies’ social and environmental activities, along with governance transparency. While the world awaits a universal ESG metric,
have emerged which outline specific ESG obligations and how companies' compliance with them might be monitored..” But beyond the ideological debates and cultural wars, ESG has fundamental conceptual problems that the UAW strike highlights: the conflict among environmental, social, and governance aims.The U.S.
This $80 billion bailout protected jobs, shareholders and creditors. With this lifeline, auto companies revamped their operations and did well in the subsequent decade, earning over $250 billion in profits.The UAW wants a pay increase of 40% while the companies have offered 30%. Companies defend their offer by claiming that they need funds to retool their factories to produce electric vehicles . This change would impose a smaller financial risk if EVs were making money.
This strike reveals three conflicts. The first conflict is about dividing profits between the top management and labor. GM’s CEO Mary Barra, made, which is 362 times the median GM employee compensation. Ford’s Jim Farley made $21 million, which is 281 times that of an average Ford employee and Stellantis’ CEO Carlos Tavares made $24.8 million, 365 times that of an average employee.
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