There is no single approach to engaging with stakeholders and companies will deploy different methods that work for their business.
Improving Stakeholder Governance is a self-evaluation tool developed by DNV and WBCSD. The check-list is a companion piece to Boards and their stakeholders: The state of play, WBCSD’s research in collaboration with DNV, which highlighted that while engaging with stakeholders is critical, practice is still in its infancy at board level.
Our research shows that more needs to be done to improve the effectiveness of these engagement activities and to integrate them into business decision-making. Good stakeholder governance is a business imperative and fundamental to creating long-term value.
Download the tool for a simple way to assess and improve your approach to stakeholder governance.