Notes |
That is why, in 2017, the Coalition for Inclusive Capitalism launched
the Embankment Project for Inclusive Capitalism (EPIC) to tackle
this challenge. The Coalition, EY and 31 companies, asset managers
and asset owners, with approximately USD 30 trillion of assets under
management, came together in pursuit of a single goal: to identify and
create new metrics to measure and demonstrate long-term value to
financial markets.
Over the past 18 months, this remarkable effort has convened a series
of workshops that bring all of these key players across the investment
chain into the same room. Together, we are pursuing a consensus on
how businesses really create value – and how to measure that value in
a way that is useful to businesses and investors alike.
This report is the initial result of that process. While it will take a lot
more work to overcome the challenges we have outlined, the framework
that we have created and the metrics we have identified through EPIC
represent an important step forward. With a verifiable way to measure
long-term value, business leaders can more effectively make the case
for strategies that will help their companies succeed over time. And that
will not only help individual businesses; it will help their investors, their
stakeholders, the global economy, and our society at large.
We would like to personally thank everyone who made EPIC possible.
Together, over the last 18 months, we have made significant progress
driving this work forward and creating more inclusive capitalism. We
are grateful for the commitment and contributions of the participating
organizations and their teams. Their continued leadership and support
will be vital as we work to open-source and further strengthen the
project outputs, and we look forward
to their ongoing commitment.
The EPIC advisory council also played
a vital role in the development of the
project outputs, and we cannot thank
them enough for their expert input
and guidance. In addition, we also
would like to express our gratitude
to the staff of EY, the Coalition for
Inclusive Capitalism, academics and
the many investment and corporate
professionals that have contributed
their time, intellect, best practices,
and ideas to further inclusive and
sustainable growth.
This unique project has engaged many parties across the investment
chain; the diversity of thought has proven to be invaluable. What makes
us most proud is our shared vision for EPIC and, demonstrated through
our respective actions, our collective commitment to sustainable,
inclusive long-term value creation.
Mark Weinberger
Global Chairman and CEO of EY
Lady Lynn Forester de Rothschild
CEO and Founder of the Coalition
for Inclusive Capitalism |