At a time of a global pandemic, climate change, biodiversity depletion and growing inequality, a company’s role in contributing to solving these issues is more important than ever. Environmental, social and governance (ESG) topics have become a top priority on investors’ agendas. Boards and executives increasingly see ESG as important to long-term value creation and need to meet investor demand for ESG information in a way that drives value for the company and society.
In response, we worked with the World Economic Forum, the Bank of America and other Big 4 to identify a set of universal and material ESG metrics and reporting requirements, called the WEF IBC metrics, that could be reflected in the mainstream annual reports of companies. The WEF IBC metrics were published in September 2020.
We are pleased to share an implementation guide for the WEF IBC common metrics, which further introduces the WEF IBC metrics and provides a simple approach for companies to get started or progress on their ESG reporting journey.
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