Stakeholder Capitalism Metrics Initiative: Partner Case Studies

The document details how The Adecco Group, Bank of America, Ginkgo Bioworks, and Wipro use the World Economic Forum's Stakeholder Capitalism Metrics (SCM) to streamline ESG disclosures. Key themes include the importance of materiality, the need for global reporting standards, and the integration of non-financial data into annual financial reports. The companies highlight challenges such as sourcing Scope 3 emissions data and defining reskilling metrics, while emphasizing that SCMs provide a business-centric framework that aligns sustainability with financial risks and returns.

• The Adecco Group prioritizes metrics on upskilling and reskilling to ensure long-term employability and talent retention, noting that clear definitions are essential to avoid non-credible corporate commitments.
• The Adecco Group faced significant challenges with data privacy and consistency across 60 countries, requiring engagement with data privacy officers and external auditors to create assurable processes.
• Bank of America used the Stakeholder Capitalism Metrics to consolidate financial and non-financial disclosures into a single annual report, involving the chief accounting officer (CAO) to bring financial-grade discipline to ESG reporting.
• Bank of America identifies a lack of standardization in human capital reporting compared to the more standardized formats emerging for climate-related metrics like Scope 1, 2, and 3 emissions.
• Ginkgo Bioworks views ESG reporting as a tool to shape the values of the emerging biotech sector and earn public trust, using the SCM to avoid the 'paralysing' number of overlapping frameworks.
• Ginkgo Bioworks highlights the difficulty of measuring 'Scope 4' or avoided emissions, where bioengineered products replace carbon-intensive alternatives, noting that current methodologies are variable and risk manipulation.
• Wipro's ESG reporting is driven by the expectations of its millennial workforce and the cost-saving opportunities of a low-carbon transition, though it notes that investors have been surprisingly ambivalent.
• Wipro found that the carbon footprint of goods and services purchased from suppliers (Scope 3) was higher than the emissions from its own operations or business travel.
• Wipro uses ESG metrics as a 'springboard' for operational improvements, such as achieving a 28% improvement in the power usage effectiveness (PUE) of its data centres over three financial years.
• Across the case studies, there is a strong recommendation for regulators to establish a single global sustainability reporting standard to reduce complexity for companies and SMEs.

APA

World Economic Forum (2022). Stakeholder Capitalism Metrics Initiative: Partner Case Studies. https://www3.weforum.org/docs/WEF_Stakeholder_Capitalism_Metrics_Initiative_Partner_Case_Studies_2022.pdf

Chicago

World Economic Forum. Stakeholder Capitalism Metrics Initiative: Partner Case Studies. 2022. https://www3.weforum.org/docs/WEF_Stakeholder_Capitalism_Metrics_Initiative_Partner_Case_Studies_2022.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=Stakeholder Capitalism Metrics Initiative: Partner Case Studies |date=May 2022 |url=https://www3.weforum.org/docs/WEF_Stakeholder_Capitalism_Metrics_Initiative_Partner_Case_Studies_2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2022stakeholder, author = {{World Economic Forum}}, title = {{Stakeholder Capitalism Metrics Initiative: Partner Case Studies}}, institution = {World Economic Forum}, year = {2022}, month = may, url = {https://www3.weforum.org/docs/WEF_Stakeholder_Capitalism_Metrics_Initiative_Partner_Case_Studies_2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }