This summary is provided by the IPR ESG and Purpose Resource Page. To learn more, check out IPR’s research report, Deconstructing: Stakeholder Capitalism.
JUST Capital examined whether companies have followed through with their commitments from the 2019 Business Roundtable (BRT) that shifted the standard focus for corporate responsibility from increasing shareholder wealth to investing in their employees.
A survey of 3,002 U.S. adults was conducted from June 22 – July 11, 2022.
Key findings include:
— 31% of Americans said large companies had a positive impact on low-wage workers while 75% of respondents said they had a positive impact on shareholders.
— 50% of respondents said they believe shareholders are the top priority for a company, while 69% of Americans believed this 6 years ago.
— The percentage of Americans who say employees are the top priority has grown from 9% to 31% in the past 6 years.
— Less than 50% of Americans think companies are having a positive impact on society overall, the work-life balance of employees, the environment, and the financial well-being of lowest paid workers.
Find the original study by JUST Capital here.