Chapter 3: Corporate Pressures and Stakeholder Expectations Flashcards
Types of stakeholders
Internal stakeholders - owners, employees
External stakeholders - customers, suppliers, investors, creditors, media, communities, trade unions, government agencies
Investor expectations
ESG criteria guides investors’ decision making, especially when there is climate-related risk.
Customers & supply chain partners’ expectations
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.
Employees’ expectations
High employee engagement leads to an increase in ESG maturity as well.
Communities & civil society expectations
Local leaders expect direct engagement over corporate philanthropy because it is hinged on throwing money at problems while continuing to create them.