Embankment Project for Inclusive Capitalism

Guest blog by Eleanor Bryan, EY, explaining the Embankment Project for Inclusive Capitalism (EPIC).

The idea?

In order for society and economies to thrive, business needs to focus not only on the short term, but also the long term.

Who was involved?

The Coalition for Inclusive Capitalism and EY brought together more than 30 global business leaders, including asset owners, managers and companies, representing almost $30 trillion of assets under management, to work to develop a standardized, material and comparable set of metrics for the measurement of activities that create long-term value and affect a broad range of stakeholders, including customers, employees, suppliers, communities and shareholders.

The aim?

To agree on a set of metrics that is underpinned by a methodology focused on outcomes, measures the execution of a company’s strategy and links it to long-term financial value for shareholders.

What is it?

An open-source framework and an initial set of metrics that represent a tangible and practical step forward.

The full report is available online.