Diligent Commits to World Economic Forum's Stakeholder Capitalism Metrics
Company also becomes a platform partner and pledges to report about ESG metrics
NEW YORK - June 15, 2021 - Diligent Corporation, the global leader in SaaS governance, risk and compliance (GRC), today announced its pledge to adopt and implement the Stakeholder Capitalism Metrics developed by the World Economic Forum's International Business Council (IBC). Diligent also joins the World Economic Forum as a platform partner helping to drive public-private collaboration and shape a better future. This commitment underscores the importance of providing transparency into and measuring and reporting progress of environmental, social and governance (ESG) issues.
'We are committed to leading with purpose and serving all of our stakeholders in the areas they find most important,' said Brian Stafford, CEO of Diligent. 'By adopting the Stakeholder Capitalism Metrics, we are demonstrating the significance of transparent ESG reporting, and will be better positioned to clearly articulate our progress toward building more sustainable, equal and just economies.'
As a member of the Future of Investing program, Diligent will work alongside other leading organizations to identify ways to improve financial returns in lockstep with stakeholder outcomes, ultimately championing the World Economic Forum's mission to make the world more sustainable and inclusive. Matt DiGuiseppe, Diligent's Vice President of Research and ESG and leader of its new ESG Center of Excellence, will work with other practitioners to further define and standardize ESG metrics.
'As the largest player in the GRC space, Diligent has a responsibility to help accelerate adoption of ESG metrics within the business ecosystem,' said DiGuiseppe. 'It is an incredible honor to be part of such a prestigious community of leaders who are helping move the needle on critical ESG issues that will make our world a better place for future generations.'
The Stakeholder Capitalism Metrics are a set of 21 core universal and comparable disclosures focused on people, planet, prosperity and the principles of governance that are considered most critical for business, society and the environment. The metrics, which were intentionally built around existing standards, and are seen as a consistent way to help track progress on sustainability matters and enhance transparency and accountability for the shared and sustainable value that companies create.
'As stakeholder capitalism continues to take shape, we are confident that partnering with leading organizations like Diligent will be paramount in driving more widespread adoption of ESG metrics, which will lead to long-term sustainability,' said Maha Eltobgy, Head of the Future of Investing, World Economic Forum.
Today's announcement further emphasizes the importance of purpose-driven business and Diligent's role in driving the global agenda by continuing to invest in innovative ESG solutions for clients. This pledge builds upon Diligent's partnership with the World Economic Forum and Diligent's and will enable the GRC SaaS provider to educate its network of more than 700,000 board directors and leaders about the IBC metrics.
About Diligent Corporation
Diligent is the largest governance, risk and compliance (GRC) SaaS provider, serving more than one million users from over 25,000 organizations around the globe. Our modern GRC platform ensures boards, executives and other leaders have a holistic, integrated view of audit, risk, information security, ethics and compliance across the organization.
Diligent brings technology, insights and confidence to leaders so they can build more effective, equitable and successful organizations. We empower 79% of the Fortune 500, 90% of the FTSE 100 and 83% of the ASX 200 to improve their bottom line, to keep pace with stakeholder expectations and to create a lasting, positive impact on the world.
For more information, visit www.diligent.com.
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