How discussions of stakeholder capitalism have evolved at Davos

The annual Davos summit just ended, and one of the topics of discussion at this World Economic Forum event was stakeholder capitalism. In simple terms, stakeholder capitalism is the idea that companies are responsible to a wide range of stakeholders, including their customers, employees, suppliers and communities, as well as their shareholders. A few years ago, this was a big topic at Davos as the World Economic Forum helped develop a set of "Stakeholder Capitalism Metrics" to offer companies universal, comparable disclosures focused on people, planet, prosperity and governance. In this episode of the ESG Insider podcast, we look at how discussions of stakeholder capitalism are evolving. "It's not going away — if anything, our community of companies committed to this is growing," says Emily Bayley, the World Economic Forum's project lead for ESG. "We're starting to see companies not just talking and making commitments, but actually putting steps forward into action." In the episode we also speak to Suz Mac Cormac, a partner at law firm Morrison Foerster, where she co-chairs the ESG, Social Enterprise + Impact Investing and Energy practices. "Stakeholder capitalism is here to stay," Suz tells us. We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ( lindsey.hall@spglobal.com ) and Esther Whieldon ( esther.whieldon@spglobal.com ). Copyright ©2023 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.