Stakeholder Capitalism Metrics
In 2020, the World Economic Forum (WEF) released the “Stakeholder Capitalism Metrics,” a set of guidelines that can be used by companies to align their financial performance reports with environmental, social, and governance indicators (ESG). The metrics recommended are grouped into four pillars (already aligned with the SDGs).
This pillar addresses the evolution of the concept of governance, recognizing that organizations are increasingly defining and incorporating their purposes at the center of their operating strategies. However, this does not exclude the principles associated with Agency Theory, accountability, and stewardship, which continue to be vital for strong corporate governance.
This pillar addresses the challenge of ending poverty and hunger, in all their forms and dimensions, and ensuring that all human beings have dignity and equality in an essentially healthy environment.
This pillar involves the ambition to protect the planet from degradation through consumption and production, sustainably managing natural resources and taking urgent measures for pressing problems (such as climate change), thus ensuring the needs of present and future generations.
The purpose of this pillar is to assess the formats used to ensure that all human beings can enjoy prosperous and fulfilling lives where economic, social, and technological progress can take place in harmony with nature.