The unreliable and fickle flavours of corporate values 

[SINGAPORE] Forget about eating the rich, just eat ice cream. Ben & Jerry’s, long known for its progressive activism, has accused its parent company Unilever of ousting the ice cream maker’s CEO over his refusal to rein in the brand’s social mission. Unilever, for its part, is contending that the producer of Cherry Garcia has ventured into advocacy so polarising that it has put the company and its employees at risk. This latest tug-of-war, currently unfolding in a US federal court, is part of a broader corporate retreat as a conservative tide in Washington DC turns against social activism. Unilever now finds itself in ample corporate company alongside firms such as Disney, Amazon and BlackRock, taking cover from the White House by backing away from progressive causes.

Consequently, much has been made of the corporate sector’s cravenness, but assigning a human trait to a legal entity is fundamentally problematic. Would it be lovely if corporations, with their ample pockets and incredible sway over society, conducted themselves impeccably with the most unerring of moral compasses? Of course it would. Would it be folly to expect such a thing from a bean-counting, arse-covering, lawsuit-avoiding group of people held together by the most transactional of covenants? Indubitably.

Firms only make good guardians of social causes for as long as enlightened self-interest prevails. But, enlightened self-interest cannot be held constant when external factors change. The reality of 2025 is that having an administration that is hostile to your business holds more downside risk than championing a trendy cause holds upside potential. As long as businesses have shareholders and employees, these interest groups will always need to be prioritised, and rightly so. And for as long as firms have a profit to turn, they will have a flank to expose to critics who say that social causes are a distraction from the bottom line.