Several connected employees as picture for employee engagement

Stakeholder engagement and ESG (Special Edition Researchposting 115)

Stakeholder engagement: 18x (new) research on stakeholder engagement, human capital, employee activists, employee ESG surveys, ESG wage gap, CEO pay gap, customer alpha, CEO limits and more research which is important for my shareholder engagement activities (see e.g. my earlier blog posts Engagement test, Impact Investing mit Voting und Engagement? and Wrong ESG bonus math?).

Stakeholder engagement overview

Stakeholder engagement studies: Exploring the antecedents and consequences of firm-stakeholder engagement process: A systematic review of literature by Avinash Pratap Singh and Zillur Rahman as of Oct. 31st, 2022 (#16): “… we pursued the vast body of literature on firm-stakeholder engagement and comprehensively examined over 170 research articles to accumulate precursors and outcomes of SE processes. … We used thematic analysis to provide evidence of the growing interest of academics and managers in firm-stakeholder engagement. The findings of this study suggest that shared benefits with a long-term perspective are valuable to both corporation and its stakeholders”.

Stakeholder engagement options: Stakeholder Engagement by Brett H. McDonnell as of Oct. 31st, 2022 (#88): “We have seen that the present reality of stakeholder engagement is fairly extensive, and sensible as far as it goes. As one would expect, employees are the most engaged group, followed by customers, and then by nonprofits, suppliers, and government regulators. The most used forms of engagement include meetings and surveys. Employee resource groups are near-universally used. Partnerships, social media, and councils are used less frequently, but still somewhat regularly. … And yet, the current reality falls well short of the future possibilities of stakeholder engagement. Current engagement mostly involves companies listening to what stakeholders have to say. It does not empower stakeholders to be more actively involved in corporate decision making” (p. 53/54). My comment: Very helpful paper for practitioners including reference to the AccountAbility Stakeholder Engagement Standard

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