Making a stakeholder model effective requires the ability to comprehend multiple points of view based on different ways of valuing things.
If boards really want to make progress on ESG issues—not just for their companies but for society—they need to remember they can’t do it alone.
Rebuilding trust in business will require us to revisit the fundamentals—and the scaffolding that keeps shareholder-centric thinking and profit-maximizing in place.
Going forward leaders will be challenged with demonstrating the impact of their respective stakeholder initiatives. Doing so will require a rethink in the approach to measurement.
It’s imperative for CEOs to make concrete steps toward transforming the way they do business — and fast.
While C-Suite teams are realizing that adopting ESG principles could be a win in the eyes of shareholders, when it comes to investments, just 2.9% of 401(k) plans have even a single fund dedicated to ESG issues. That needs to change.
BDO spoke to 280 directors about managing a work force during the crisis. A summary of their advice.
Some initiatives were put on pause, but as long as stakeholders view ESG as encompassing any and all risks to long-term sustainable value, it's not going anywhere.