ESG Reporting and the 21 core ‘Stakeholder Capitalism Metrics’: coming soon?
In a sign of further momentum towards a standardised set of ESG-focused Corporate Reporting metrics, on 26th January 2021, 61 business leaders, including members of the World Economic Forum and its International Business Council, committed to a set of 21 core ‘Stakeholder Capitalism Metrics’ which collectively offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance on which companies can report.
This commitment signals, as the World Economic Forum notes1, that private sector leaders view ESG factors as critical to the success and long-term viability of all businesses and that a unified voice is gathering pace on a global solution for non-financial reporting.
In our view, while there’s no duty to adopt these metrics yet, it’s surely only a question of time before ESG Reporting is standardised. We’ll be considering how we can help our clients articulate their ESG story and would encourage early discussion to start preparing the groundwork for future Reporting.
If you’d like to find out more, please contact Tim Black on +44 (0)20 3794 1736 or by email to [email protected]
