I am providing two links: the first link is to the Cooley PubCo post about the January 2020 World Economic Forum in collaboration with Deloitte, EY, KPMG, and PwC draft paper titled Toward Common Metrics and Consistent Reporting of Sustainable Value Creation, and the second link is to the draft paper.
The Cooley PubCo post is a good discussion about the progress of sustainability with links to other prior posts and materials.
The draft paper is 45 pages of materials based on four primary or core metrics: Pillar 1 – Principles of Governance; Pillar 2 – Planet; Pillar 3 – People; and Pillar 4 – Prosperity. Beginning at page 26 the paper provides an Appendix: Supplemental Information on Metrics and Disclosures which further breaks down the four Pillar’s and is quite eye opening.
I seldom spend too much time posting about drafts and proposals, and I am keeping to that habit now, but I will say that it will be interesting to see if and how this progresses, and to also keep apprised of other developments in sustainability and ESG metrics and reporting.
Here is a link to the Cooley PubCo post: https://cooleypubco.com/2020/01/29/world-economic-forum-big-four-sustainability-framework/
Here is a link to the draft paper titled Toward Common Metrics and Consistent Reporting of Sustainable Value Creation: http://www3.weforum.org/docs/WEF_IBC_ESG_Metrics_Discussion_Paper.pdf
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Best to you, David Tate, Esq. (and inactive California CPA) – practicing in California only.
I am also the Chair of the Business Law Section of the Bar Association of San Francisco.
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