The World Economic Forum (WEF), in collaboration with the Big Four accounting firms and leading global companies, has developed a set of universal Environmental, Social, and Governance (ESG) metrics and disclosures to measure stakeholder capitalism. The WEF ESG framework aims to standardize ESG reporting and provide a common, comparable approach for companies to express their sustainable business performance to stakeholders.
This set of metrics and disclosures, often referred to as the "stakeholder capitalism metrics," emphasizes the interdependence of corporations and societies and encourages companies to actively engage in broader societal goals.
The WEF ESG Framework is structured around four key pillars:
The WEF ESG Framework aims to create a universal approach to ESG reporting, improving transparency, and enabling meaningful comparisons of corporate performance.
As businesses embark on the journey of reporting under the WEF ESG Framework, Discloser offers a sophisticated tool that can make the disclosure process more efficient and effective. Here's how Discloser can enhance your WEF ESG Framework reporting:
Discloser's platform enables effective team collaboration for WEF ESG Framework report creation. Multiple team members can work simultaneously, ensuring a smooth workflow and cohesive, high-quality reports. This approach improves efficiency and consistency throughout the reporting process.
Reliable data collection is crucial for WEF ESG Framework reporting. Discloser automates this process, gathering data from different sources within your organization and from your suppliers. This ensures data reliability and saves considerable time and effort, enabling your team to focus on higher-level analysis and strategic tasks.
Discloser utilizes AI technology to simplify the report drafting process. Our AI tool auto-generates preliminary drafts of your WEF ESG Framework reports based on the collected data. This provides your team with a robust starting point, eliminating extensive manual drafting and freeing up time for in-depth analysis and refinement.
Discloser is designed to fully support compliance with the WEF ESG Framework standards. The platform guides you through each aspect of the Principles of Governance, Planet, People, and Prosperity pillars, ensuring your report aligns with all the necessary requirements. Regular updates reflecting changes in the WEF ESG Framework keep your reporting practices current and compliant.
Creating reports compliant with the WEF ESG Framework can be a complex task. Discloser simplifies this process by breaking it down into manageable steps and offering clear guidance throughout. Whether you're new to WEF ESG Framework reporting or a seasoned reporter, Discloser is poised to make your reporting process smoother, more efficient, and ultimately more successful.