Bank of America, KPMG, Mastercard, and some 60 other top companies adopt new ESG metrics

Bank of America, KPMG, Mastercard, and some 60 other top companies adopt new ESG metrics

Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Account active since Executives from Bank of America, Mastercard, KPMG, and about 60 other large companies announced Tuesday they'll be adopting a new reporting framework for environmental, social, and governance standards (ESGs) in partnership with the World Economic Forum. Other companies that have signed on to this reporting framework include Salesforce, Unilever, Dell, and Sony. ESG standards are a set of criteria used to measure a company's performance on things such as how the company is impacting the environment (like its amount of toxic emissions), how it manages relationships with its employees (does it encourage employees to volunteer), and how the company runs internally (boardroom diversity). If widely adopted, these standards, called "Stakeholder Capitalism Metrics," have the potential to transform what it means to operate a large corporation. It could make it standard procedure for a major