The aim of this course is to develop a deep understanding why the economic doctrine that the only social responsibility of corporations is to maximize profits does no longer work in today’s capital markets. The course provides theoretical and empirical findings that illustrate that financial decisions need to incorporate environmental, social, and governance (ESG) factors to ensure long-term financial success of firms. The course also covers new trends, such as U.S. political polarization and the important role of China in establishing a global leadership role in green finance, which may impact how corporations are becoming more responsible.