A core set of stakeholder capitalism metrics and disclosures can be used by companies to align their mainstream reporting on performance against environmental, social and governance (ESG) indicators, and track their contributions towards the UN’s Sustainable Development Goals on a consistent basis. The World Economic Forum, in collaboration with our Non-executive Director Partner, EY, alongside Deloitte, KPMG and PwC, has released a report containing the conclusions of their six-month consultation process to define common metrics for sustainable value creation.
88 percent of survey respondents agreed that reporting on a set of universal, industry-agnostic ESG metrics and disclosures would be useful for their company. Meanwhile, 91 percent agreed that such reporting would be useful for the financial markets and the economy more generally.
According to the World Economic Forum, more than half (54 percent) of all employees will require significant reskilling by 2022. This problem is likely to be even more acute in specific regions.