Hence, an increasing number of businesses are moving towards an integrated vision of value creation, including the dimensions of shared value and externalities. Eighty-three per cent of them view a new formal approach to measuring and communicating an entity’s intangible value as necessary in assessing long-term value. In contrast, companies that maintain a single bespoke framework that effectively demonstrates and measures the impact of value creation for stakeholders are better positioned to execute ESG strategies. For business themes identified, review existing metrics and lead practices to investigate the links between the theme and long-term financial value creation. Organisations can start their journey now to stay ahead of their competition and thrive by setting the foundations for a sustainable business with long-term value.

Source: The Edge Markets May 21, 2021 07:18 UTC