What is stakeholder capitalism and why are more companies leaning more toward it? Learn why the practice of putting stakeholders before profits and shareholders is not only helping companies’ bottom lines, but also improving the world we live in.
Emerging data show that ESG programs not only help companies achieve environmental, social, and governance goals but also achieve greater financial growth. Supplier diversity can impact goals for sustainability, community impact, and economic performance.
ESG criteria, standards for managing the well-being of all stakeholders, instead of addressing shareholder needs above all else, have proven to work, even by traditional performance measures. In fact, ESG impacts cash flow positively in several ways.
Environmental, social, and governance (ESG) criteria are increasingly important to various stakeholders as it pertains to global business. Employees, suppliers, and investors are relevant to understanding the importance of ESG as an advancement of stakeholder capitalism moving forward.