RIL, Mahindra, Wipro among over 100 firms committed to reporting stakeholder capitalism metrics: WEF

NEW DELHI/GENEVA: More than 100 business houses globally, including Reliance Industries, Mahindra Group and Wipro from India, have committed to including Stakeholder Capitalism Metrics in their annual or sustainability reports, the World Economic Forum said on Tuesday.

Of these, more than 50 have already begun including Stakeholder Capitalism Metrics, an initiative of Geneva-based WEF, in their mainstream financial and regulatory reporting. These include PayPal, PwC, Petronas, S&P, Salesforce, Total and Yara International.

The ‘stakeholder capitalism metrics’ initiative of the WEF, which describes itself as an international organisation for public-private cooperation, seeks to improve the ways that companies measure and demonstrate their performance against ESG (environmental, social and governance) indicators and to enable positive contributions towards achieving the Sustainable Development Goals (SDGs).