advertisement advertisement advertisement As the world has grown more concerned with combatting widespread issues like climate change and social injustice, the environmental, social, and governance (ESG) movement has gained momentum to ensure businesses are doing their part, by transparently reporting to investors and stakeholders their positive and negative impacts on the environment and society, allowing those backers to make informed decisions about the companies they finance and support. advertisement advertisement Last September, the World Economic Forum (WEF) drew up its version of a curated list of ESG goals, to encourage businesses to inform stakeholders of non-financial contributions in such areas as employee wellbeing and human rights. The WEF went through a six-month consultation process with 200 companies and investors, to draw up a set of universal metrics, in line with the United Nations’ Sustainable Development Goals. It comprises 21 core “stakeholder capitalism metrics,” and 34 expanded ones, all under four main pillars. For instance, companies that have taken the pledge have agreed to report publicly on greenhouse gas emissions, water consumption, and single-use plastics (the planet pillar). For the people pillar, metrics include numbers on diversity and inclusion, a pay equality ratio, and employee well-being rates. The prosperity pillar involves… Read full this story
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