DTEK Joins World Economic Forum Initiative to Create Stakeholder Capitalism Indicators

On January 20, the Davos Agenda, organised by the World Economic Forum, hosted a roundtable to develop the industry metrics of stakeholder capitalism. DTEK is the first and, so far, only Ukrainian company to join this initiative. As an active member of the World Economic Forum, DTEK seeks to spread international business standards in Ukraine based on environmental, social, and transparent governance (ESG) principles.

There are currently hundreds of non-financial reporting indicators initiated by various organisations. To create more consistent standards and facilitate stakeholders, Deloitte, EY, KPMG, PwC, and the World Economic Forum have published a set of universal and sectoral Stakeholders Capitalism Metrics in line with the UN's 2030 Agenda for Sustainable Development.

“DTEK was established, and continues to develop, by using international business standards. In 2019, DTEK was the first in Ukraine to adopt and launch an ESG strategy. As a result, the group is building an exemplary Ukrainian business that enjoys the trust of international partners. Involvement in the Capitalism Indicators Initiative is an important step for the DTEK and I would like to see many more companies from the Ukrainian business community joining the global environmental, social and management reporting trend. And the very best way to do so is through this World Economic Forum’s initiative,” said Maxim Timchenko, CEO of DTEK.

The collective contribution of the global business community is crucial for the rapid establishment of international standards for disclosure of sustainability and the coherence of environmental, social and management information. More than a hundred global businesses are among the companies that have joined the initiative, including Acciona, Chevron, Dell Technologies, , Enel, Eni, IBM Corporation, Nestle, PayPal, Royal Dutch Shell, Schneider Electric, Siemens AG and Sony SAP.