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Mahindra Group and Reliance Industries are two Indian companies that have joined 61 other global firms to commit to the core Stakeholder Capitalism Metrics released by the International Business Council (IBC) at the ongoing World Economic Forum. The metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on, regardless of industry or region. They strengthen the ability of companies and investors to benchmark progress on sustainability matters, thereby improving decision-making and enhancing transparency and accou...

WHILE there is more awareness of environmental, social and governance (ESG) issues these days, there is also much confusion over the many standards out there. “There’s what we call an alphabet soup of different disclosure guidelines. I think we counted over 300 different frameworks, guidelines and standards on sustainability, and over 700 indicators. Eight years ago, we counted 1,000 indicators,” says Andrew Chan, PwC Malaysia’s sustainability and climate change leader. One of the latest efforts to consolidate the various standards on ESG can be found in the World Economic Forum’s M...