UNGA Science Summit

What is a “good” company, and how can it create the highest possible value for itself and each of its stakeholders? Until today, higher profits and shareholder value continue to serve as a measure for what a “good” company is and does, but the hidden impacts that this focus has had on other stakeholders has become impossible to ignore. Because of this, a new way of seeing, measuring and managing a business’s impacts on its various stakeholders is becoming increasingly important. As of yet, there is no clear, objective and transparent way to do this consistently, comprehensively and equitably across businesses, industries and markets. The Value Research Center (VRC) at Doshisha University (Kyoto, Japan) has synthesized more than 20 of the world’s top ESG and sustainability reporting frameworks into a model that can be used by any business to understand and manage its impacts on its shareholders, employees, customers, partners, society, and…