世界经济论坛-衡量利益相关者的资本主义：走向共同的标准和可持续价值创造的一致报告（英文）-2020.9-96页_1mb

Summary of "Measuring Stakeholder Capitalism" White Paper

Core Content

This white paper outlines the Stakeholder Capitalism Metrics (SCM) project, launched by the World Economic Forum's International Business Council (IBC) in January 2020. The initiative aims to define common metrics and consistent reporting standards for sustainable value creation, aligning with the United Nations Sustainable Development Goals (SDGs) and the broader ESG (Environmental, Social, and Governance) framework. The project was developed through a collaborative effort involving the four largest accounting firms (Deloitte, EY, KPMG, and PwC), as well as Bank of America and the World Economic Forum.

Main Purpose

The primary goal of the project is to help companies measure and demonstrate their contributions to creating a more prosperous, fulfilled society and a more sustainable relationship with the planet. The metrics are designed to be universal, material, and actionable, enabling greater transparency, comparability, and alignment among corporations, investors, and stakeholders.

Key Pillars and Metrics

The project organizes the recommended metrics into four pillars, each aligned with key SDGs and ESG domains:

1. Principles of Governance

• Theme: Governing purpose, quality of governing body, stakeholder engagement, ethical behaviour, and risk and opportunity oversight.
• Core Metrics (21): Focus on internal governance practices, including the company's stated purpose, composition of the governing body, stakeholder engagement, and internal ethics mechanisms.
• Expanded Metrics (34): Cover broader aspects such as anti-corruption training, risk management, and cultural initiatives to combat corruption.

2. Planet

• Theme: Climate change, nature loss, and freshwater availability.
• Core Metrics: Include greenhouse gas (GHG) emissions, both direct and indirect (Scope 1, 2, and 3), and water consumption in water-stressed areas.
• Expanded Metrics: Focus on implementing TCFD recommendations, setting emissions targets aligned with the Paris Agreement, and managing land use and ecological sensitivity.

3. People

• Theme: Dignity and equality, health and well-being, skills for the future, and risk of child, forced, or compulsory labour.
• Core Metrics: Cover diversity and inclusion, pay equality, wage levels, and risks of child, forced, or compulsory labour.
• Expanded Metrics: Include training hours and development expenditure, and the scope of access to non-occupational medical services.

4. Prosperity

• Theme: Employment and wealth generation, economic contribution, financial investment contribution, and innovation of better products and services.
• Core Metrics: Include employment rates, employee turnover, economic value generated and distributed (EVG&D), and tax paid.
• Expanded Metrics: Cover capital expenditures, share buybacks, dividend payments, and R&D expenses.

Main Views and Insights

• Stakeholder Capitalism: The concept emphasizes that long-term value creation must serve all stakeholders, not just shareholders. This includes employees, customers, communities, and the environment.
• Global Consensus: There is a growing consensus among companies that sustainable value creation is best achieved by addressing the needs of all stakeholders.
• Need for Standardization: The lack of consistency and comparability in ESG reporting is a major barrier for companies in demonstrating their sustainability progress. This project aims to address that by promoting a common set of metrics.
• Collaborative Effort: The metrics were developed through a year-long collaborative process involving global experts, standard-setters, and stakeholders.
• Adoption and Impact: The IBC encourages its members to adopt and report on these metrics, which can drive broader industry adoption and support the development of a globally accepted ESG reporting system.

Key Information

• Number of Metrics: The project recommends 21 core metrics and 34 expanded metrics.
• Sources: Metrics are drawn from existing standards such as GRI, TCFD, GHG Protocol, and others, with the aim of amplifying existing work rather than reinventing it.
• Feedback and Refinement: The metrics were refined through a six-month consultation with over 200 companies, investors, and other key players, resulting in widespread support.
• Ecosystem Development: The project aligns with evolving global sustainability reporting initiatives, including the European Commission's Non-Financial Reporting Directive, IOSCO's push for harmonization, and the IFRS Foundation's consideration of sustainability standards.

Conclusion

This project represents a significant step towards systemic change in ESG reporting, with the potential to transform corporate practices and enhance transparency and accountability. By reporting on these metrics, companies can demonstrate their commitment to sustainable value creation and contribute to the broader goals of the SDGs. The IBC encourages all members to adopt these metrics and invites the wider corporate community to join in this effort.

Glossary

For definitions of key terms used in this paper, refer to the Glossary section in the Appendix.