Covid-19 pandemic ‘has accelerated shift to stakeholderism’
Research from the Sustainability Board Report finds the crisis is highlighting the way business “depends on the collective support of society”.
Image: Angelina Bambina/Shutterstock
There have been many claims that stakeholder capitalism is the future for business, particularly since the beginning of the Covid-19 crisis.
But one group says it now has evidence that stakeholder priorities are beginning to take root, driven by the pandemic. The Sustainability Board Report (SBR), a not-for-profit campaign group, has looked at disclosures from the world’s largest 100 companies to find examples of stakeholder-led decision-making. The report says it found good evidence that a shift towards "stakeholderism" is under way, with 37% of the firms examined revealing “specific corporate action” to respond to stakeholder inter
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