The World Economic Forum (WEF), the International Business Council (IBC), PwC and other services firms collaborated for the identification of priority universal metrics for long-term value creation to enable more consistent and comparable reporting for their stakeholders, including investors. During the process of the common metrics selection, a robust consultation with more than 200 companies, investors and other key players elicited valuable feedback. The feedback showed more than three-quarters of respondents agreeing that reporting on a set of universal, industry-agnostic ESG metrics would be useful for their company, financial markets and the economy more generally.
Strong IBC and non – IBC company support for the core metrics are shown in the following figure:
Investors are broadly supportive of the metrics and disclosures to streamline consistency and comparability. The metrics and disclosures were tested with 60+ investors who were engaged through workshops, one-on-one consultations and online surveys.