Chapter 3: Corporate Pressures and Stakeholder Expectations Flashcards

1
Q

Types of stakeholders

A

Internal stakeholders - owners, employees
External stakeholders - customers, suppliers, investors, creditors, media, communities, trade unions, government agencies

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2
Q

Investor expectations

A

ESG criteria guides investors’ decision making, especially when there is climate-related risk.

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3
Q

Customers & supply chain partners’ expectations

A

Supply chain partner ESG maturity is key to customer acquisition and corporate risk management.
Company transparency, labour relations, product safety and impacts of corporate behaviour are becoming important to customers.

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4
Q

Employees’ expectations

A

High employee engagement leads to an increase in ESG maturity as well.

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5
Q

Communities & civil society expectations

A

Local leaders expect direct engagement over corporate philanthropy because it is hinged on throwing money at problems while continuing to create them.

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