Blasio et al (2018)

Blasio, Frank, et al. Embankment Project for Inclusive Capitalism. Coalition for Inclusive Capitalism, 2018.

From the Executive Summary:

“We created a unique forum where players across the investment chain – representing over thirty leading global companies with almost USD 30 trillion of assets under management – could have candid conversations and share their different perspectives about how to measure long-term value. Initiatives like this, which are run by and for practitioners, are crucial but are much too rare in the business world. It is a journey that has taken 18 months and required participants to dedicate time and resources to an ambitious goal: to forge consensus on how to measure value beyond pure financials, to improve communications along the investment chain and to make a case for long-termism that could strengthen not just businesses, but our entire economy.

“These efforts have resulted in an open-source framework and an initial set of metrics that represent a tangible and practical step forward. Although we are conscious that there is no silver bullet that will eliminate the short-term pressures along the investment chain, we are confident that EPIC is a positive first step…

“[T]here was a striking consensus among the diverse group of companies, asset managers and asset owners. They agreed on many of the factors that define long-term value – from a productive, creative and cost-efficient workforce to effective corporate boards.”

Link: https://www.epic-value.com/#report