Testimonials

Living the values

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Our values

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Common Standards

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Accountability

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Sustainable value

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Business Transformation

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Transparency

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Common Standards

The Value of Universal and Common Standards

CEO, Deloitte Global

Punit Renjen

“As businesses recognize that the purpose of the corporation goes beyond profit to create value for multiple stakeholders, the metrics they use to measure their success should cover broader aspects of non-financial performance,” said Punit Renjen, Deloitte Global CEO. “The World Economic Forum has played a leading role in identifying core metrics from the existing standards and frameworks that are likely to be critical to sustainable long-term value creation. I am proud that Deloitte will be among the organizations that commit to adopting these metrics. I am delighted that Deloitte is also playing a facilitating role to bring about greater convergence in sustainability standards.”

Global Chairman and CEO, KPMG International

Bill Thomas

“The good of a business is defined not only by its financial success, but also by the impact it has on our environment and our communities. But if you can’t measure it, it’s hard to change it. That is why comparable, transparent and unified ESG-focused metrics are so important. By ensuring the market is fueled by accurate information, we can work towards fixing some societal inequities by harnessing the power of capitalism and refocusing it on long-term value creation.”

Chairman, Mahindra Group

Anand Mahindra

“Purpose driven businesses are likely to be more resilient than those that do not embrace people and planet. Investors recognize that. We support WEF’s effort to standardize reporting through the development of comprehensive ESG metrics and believe that this will be a step forward for a sustainable world.”

Sustainable Value

Sustainable Value

President and CEO, Yara International

Svein Tore Holsether

“We are going through an unprecedented time, with risks both in the social and environmental areas being at levels not seen before. How we as businesses care for people and safeguard the environment will define our future ability to thrive and prosper. I urge all business leaders to rise to the challenge.”

Chairman and CEO, Dell Technologies

Michael Dell

“At Dell we’ve understood for a long time that a sustainable, successful company has to deliver on multiple fronts, and increasingly our customers are asking for insight into our performance beyond traditional financials. We already report on a majority of these metrics through our broader ESG strategy and 2030 social impact goals but see great value for us and our stakeholders in a common reporting standard.” 

Global Chairman, PwC

Bob Moritz

"To make the right decisions, stakeholders of every kind need objective, relevant and timely information on how companies are creating value for society and our planet, meeting their financial objectives, and demonstrating progress against their goals. The corporate reporting system today isn't delivering what stakeholders want and need, which is why we're strongly supportive of the efforts to drive greater consolidation of standards and reporting frameworks. The World Economic Forum’s Stakeholder Capitalism initiative is a valuable step in this direction, and we're delighted to contribute to this effort."

Accountability

Accountability

Managing Partner and Chairman of the Board, Kearney

Alex Liu

“This is a moment of truth and opportunity: in the face of continuing global uncertainty, it is more critical than ever for business leaders to lead with purpose. By creating shared value across all stakeholders, and by integrating ESG principles at the heart of our strategy and decision-making, we can become more resilient and accelerate transformation towards a more sustainable and equitable future. As a member of the International Business Community of the World Economic Forum, Kearney is all-in committed to building and implementing a common framework for more responsible action, transparency and accountability. 

CEO, Royal Philips

Frans van Houten

“Acting responsibly towards the planet and society is part of our DNA. I am convinced that this is the best way for us to create superior, long-term value for Philips’ multiple stakeholders. Philips has been part of the IBC journey to create an ESG framework since its beginning. I am proud to say that we will report on the Stakeholders Capitalism Metrics already in our 2020 Annual Report. The metrics will further strengthen our ability to measure our progress on ESG matters, and therefore improving transparency and accountability.” 

President and CEO, Ecolab

Christophe Beck

“For companies to be successful long-term, they need to focus simultaneously on the well-being of people, the environment and generating economic value. The Stakeholder Capitalism Metrics will strengthen benchmarking, decision-making and accountability, and drive greater impact for the benefit of all.” 

Chairman Executive Board and CEO, Heineken N.V

Dolf van den Brink

“At Heineken, we believe in creating long-term sustainable value that benefits both business and society. We’re committed to contributing to the UN SDGs and building upon the strong foundations of our Brewing A Better World programme, which began in 2009. Transparency and accountability are key along this journey and require an aligned global ESG reporting standard to improve openness and clarity for all stakeholders.” 

Business Transformation

Business Transformation

CEO and Co-Founder, Mercuria

Marco Dunand

“At Mercuria we are keen on industry collaboration and cooperation to bring more standardization to the transparency and operation of the commodity supply chain. We see progress in these areas as key to promoting and facilitating the energy transition through encouraging efficiencies and development.  We welcome this initiative as an important step forward. “ 

CEO of Accenture

Julie Sweet

“The collaboration and commitment of IBC members to advance a common set of ESG standards comes at a critical moment,” said Julie Sweet, CEO of Accenture. “As we move into a post-COVID world, companies working to rebuild and reimagine their businesses have the opportunity to embed responsible business by design--including sustainability, reskilling, and inclusion and diversity—into their enterprise-wide transformation.  The work around these metrics reflects the even stronger commitment to responsible business in response to the crisis.” 

Group Executive Chairman, BBVA 

Carlos Torres Vila

“Today companies and investors face the dilemma of having to choose between a myriad of different standards to measure, compare and manage sustainability progress. However, the transition to a more sustainable future requires that the different standards converge into an internationally consistent framework. The initiative launched by the World Economic Forum's International Business Council provides a unique opportunity to develop a core set of relevant, consistent and comparable ESG metrics and disclosures. At BBVA we are committed to actively contribute to achieve this fundamental step forward towards a more sustainable future.” 

Transparency

Transparency

EY Global Chairman and CEO

Carmine Di Sibio

“This is a critical moment for the business community as we recognize the growing demand for transparency around ESG reporting.  We believe that businesses create value in the long-term by understanding – and disclosing—stakeholder impact.  EY is proud to be part of this effort, to have worked collaboratively with our Big 4 accounting colleagues, and to be working toward our own disclosure of the WEF/IBC core metrics.  We are also encouraged by the catalytic efforts of the existing standard setters to move toward convergence and contribute to establishing a global standard.  The WEF/IBC initiative has the potential to bring a strong, collective, private sector voice to these efforts.” 

CEO, Royal Philips

Frans van Houten

“Acting responsibly towards the planet and society is part of our DNA. I am convinced that this is the best way for us to create superior, long-term value for Philips’ multiple stakeholders. Philips has been part of the IBC journey to create an ESG framework since its beginning. I am proud to say that we will report on the Stakeholders Capitalism Metrics already in our 2020 Annual Report. The metrics will further strengthen our ability to measure our progress on ESG matters, and therefore improving transparency and accountability.” 

Global Managing Partner, Clifford Chance

Matthew Layton

“As participants in the UN Global Compact and with a long-standing commitment to support the SDGs, we recognise that environmental, social and governance factors are critical to the sustainable success and long-term strategic development of our firm.  The adoption of a common set of standards for how organisations articulate and report against their ESG commitments will enable our stakeholders to better understand the strategies and objectives that we have in place, and the progress we are making. This transparency and greater comparability are increasingly needed, and I am confident that the Stakeholder Capitalism Metrics will help facilitate ESG progress across sectors globally.”

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