Authors: Richard Samans, Jane Nelson (Harvard Kennedy School of Government)
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Summary
In this chapter, we provide a practical guide for individual companies wishing to navigate this complexity and apply best practice in their own reporting. We also suggest how the business community as a whole could play a stronger leadership role in helping to improve the overall quality and comparability of non-financial reporting and its connection to financial reporting through the creation of an international standard or set of standards for this purpose. A global sustainability reporting standard adopted by regulators that guides full ESG&D integration into mainstream corporate reporting on a comparable basis is ultimately what is needed to bring the resource allocation of companies, capital markets and entire economies into better alignment with the fundamental objective of stakeholder capitalism: sustainable enterprise value creation.