Stakeholder capitalism — the idea that companies are responsible for their role in society in addition to making money for shareholders — has taken on new meaning thanks to COVID-19. It was the buzzword among major players in the ESG world like BlackRock CEO Larry Fink as well as heads of government at the Davos summit last week.

In this episode of the ESG Insider podcast, we dive into stakeholder capitalism — what it means and what people were saying at the World Economic Forum's annual Davos gathering, which was virtual this year.

You'll also hear an interview with the World Economic Forum's Project Lead for ESG, Emily Bayley. She describes the story behind a set of new stakeholder capitalism metrics that more than 60 major companies just agreed to use in their mainstream reporting, such as annual reports and proxy statements.

'Stakeholder capitalism,' the buzzword at Davos