The audience for this WEF International Business Council Stakeholder Metrics project is wide. Management accounting professionals working in organisations seeking to move their organisations forward on the non-financial and ESG reporting front can use this framework to create a roadmap for increased disclosure. Management accounting professionals with a broad range of accounting, reporting and business skills are well-positioned to provide leadership on this front.
Public accounting practitioners will also be likely beneficiaries of these metrics. In addition to the need for assurance to be part of the equation, public accounting professionals can provide advisory services to companies that are seeking to chart their path forward.
On the user side, in addition to investors, the full range of stakeholders may also be beneficiaries, including customers, employees and suppliers, along with regulators and other parties having an interest in capital markets.
If your organisation is using or contemplating the WEF common metrics, the 2019 CIMA® professional qualification syllabus and CGMA competency framework (2019 edition) can help you ask the right questions to identify your potential knowledge and skills gaps.