About
The Stakeholder Metrics Initiative (formerly known as Stakeholder Capitalism Metrics) is driving the global alignment of the rapidly evolving sustainability reporting landscape—one of the significant challenges facing businesses today.
Our timeline
Phase 1
Metrics development
Phase 2
Systems build and metrics adoption
Phase 3
Global alignment and knowledge exchange; MoU with ISSB; acknowledge the illustrative guidance
Phase 1
August 2019 to August 2020
Research and consultation
Research and consultation phase to identify a set of universal metrics and disclosures, intentionally based on existing standards.
Collaboration
Collaboration as a part of the Technical Readiness Working Group, including development of a statement of intent of the most significant voluntary standard setters, and also preliminary recommendations to the IFRS Foundation.
Prototype
In partnership with the Impact Management Project (IMP) and Deloitte, facilitated the collaboration between CDP, the Climate Disclosure Standards Board (CDSB), the Global Reporting Initiative (GRI), the International Integrated Reporting Council (IIRC), and the Sustainability Accounting Standards Board (SASB), resulting in the publication of a prototype climate-related financial disclosure standard.
Phase 2
September 2020 to January 2022
Launch
Launch of the Stakeholder Metrics that aim to enhance how companies measure their environmental, social and governance risks and opportunities.
Call to action
Call to action for businesses to adopt and report on the Stakeholder Metrics to drive greater alignment among existing standards and advance the development of a global baseline for sustainability reporting standards.
Working group
Participation in the Technical Readiness Working Group, tasked with doing the preparatory work ahead of the launch of the International Sustainability Standards Board (ISSB) in November 2021. The work resulted in the publication of a paper of recommendations for climate-related financial disclosures, which is available here.
Phase 3
February 2022 – now
Knowledge sharing
Establishment of dedicated communities to facilitate practical knowledge sharing and exchange as the global sustainability reporting landscape evolves.
Global alignment
Driving the global alignment toward a global baseline for sustainability reporting by convening discussions with standard-setting organizations.
Case studies publication
Publication of case studies on companies adopting and reporting on the Stakeholder Metrics.
Memorandum of Understanding
Signing of a Memorandum of Understanding with the ISSB to 1) Provide insights to shape the development of ISSB standards and guidance; 2) Advocate for the adoption of a global baseline for sustainability reporting 3) Develop case studies for the ISSB Knowledge Hub, showcasing how companies address complex topics in ISSB standards.
Support
Encouraging approximately 200 organizations that have adopted the Stakeholder Metrics to transition to ISSB standards, using the Illustrated Guidance document for support.
The initiative's name was updated in 2022 from Stakeholder Capitalism Metrics Initiative to Stakeholder Metrics Initiative to better reflect its evolving scope and focus.