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The Guardian - AU
The Guardian - AU
Business
Katharine Murphy Political editor

Business sector has driven shift to ‘values-based capitalism’, Jim Chalmers says

Jim Chalmers Tony Burke
Treasurer Jim Chalmers
Treasurer Jim Chalmers has hit back at criticism of his essay that advocated for ‘values-based capitalism’. Photograph: Mick Tsikas/AAP

Jim Chalmers says Australia’s business and investment community has driven a shift to values-based capitalism, hitting back at a volley of criticism in some news outlets after the publication of the treasurer’s 6,000-word essay championing co-investment and economic inclusion.

Chalmers made the observation on Wednesday while leading a round of consultation with the investment community about a new framework for disclosing climate-related risk. The treasurer participated in a round table convened by the Australian arm of the UN Principles for Responsible Investment initiative.

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