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WEF: Measering Stakeholder capitalism

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News: World Economic Forum: Measering Stakeholder capitalism towards common metrics and consistend reporting of sustainable value creation.

Prepared in collaboration with
Deloitte, EY, KPMG and PwC sept. 2020

World Economic Forum White Paper



© 2020 World Economic Forum.


Sustainability metrics debate must include multi-stakeholder input
GRI responds to white paper from World Economic Forum

GRI has cautiously welcomed a report from the World Economic Forum (WEF) that identifies sustainability metrics that members of the International Business Council (IBC) should disclose, while highlighting that it does not go far enough.

Towards Common Metrics and Consistent Reporting of Sustainable Value Creation (published 22 September) is a WEF/IBC white paper, produced in partnership with Deloitte, EY, KPMG and PwC.

The identified metrics are heavily drawn from the GRI Standards. In total, 17 of 21 metrics reference GRI disclosures. This includes all of the metrics for governance and people, 50% of the planet metrics and 60% of the prosperity metrics.

Responding to the report, Peter Paul van de Wijs, GRI Chief External Affairs Officer, said:

“We welcome this WEF/IBC contribution to the debate and their acknowledgment of the work led by GRI over more than two decades. To enable corporations to be accountable for their sustainability impacts, we have developed the most widely used standards for sustainability reporting, used by over 10,000 companies around the world.

By primarily relying on the GRI Standards, the approach in this WEF/IBC paper would limit additional reporting burden for most companies. In addition, it’s positive they acknowledge that disclosure through the lens of financial materiality alone is insufficient.

However, while prescribing a core set of disclosures has the potential to improve comparability, it is not in itself a reporting standard and must be balanced by careful consideration of the relevance of what a company reports. Rather than a ‘tick-box’ exercise, companies must identify disclosures through a robust multi-stakeholder materiality assessment, as required by the GRI standards.

Additionally, in view of the collective responsibility for a sustainable recovery, with organizations contributing a fair share to global challenges, there is a missed opportunity not to commit to rigorous transparency on tax. The justification for not including the full GRI Tax Standard neglects the strong societal demand for companies to disclose country-by-country information on tax.

We echo the call by WEF/IBC for the wider corporate community to join the collective endeavor. GRI will continue to lead this change, working with other organizations to continuously improve disclosure and corporate transparency. We welcome the support and participation of WEF and the IBC in this important work.”

Press release:
How The World Can Prevent Risks for Green/Sustainable Investments.

Inform us the efforts to improve your results neutralizing the footprint of your company.

In consulting about your information, we will publish the efforts and ambitions of your company. In consulting your Pr/marketing we can use the icon EcoCient with the pay off: (name of your company.....) Futureproof Excellent Award.
vanbeekcommunicatie

the Triple E of the EcoCient criteria:
Economic-Ecological-(Energy)- Efficiency:

EcoCient:Futureproof Excellent Award.




What we need for our green transition, reduction our footprint, and energy, CO2 etc. is a household accountable appointment.

I think the idea of WEF and a metric measurement programme software instrument would help our efforts accountable. I had the concept idea for...the economic, ecological, efficient and understandable outcome...EcoCient...Makes it also easy for investors to choose the best score. And less risk for investors in the long term.

Concept idea and visual design
van beek communicatie: Ger van Beek


Randstad Nieuws / News: Green Investments and efficient profit

info@randstadnieuws.nl subject ecocient


van beek communicatie : nieuws support