Social & Human Capital Protocol
The Social & Human Capital Protocol is a decision-making framework that enables organizations to identify, measure and value their direct and indirect impacts and dependencies on social capital & human capital
Organizational decisions that fail to consider impacts and dependencies on people and society can be inefficient, ineffective or damaging. As recognition of this risk grows, the practice of measuring social impacts and dependencies is evolving and gaining momentum.
Companies are increasingly calling for a harmonized approach to measure and value their relationships with people and society.
The Social & Human Capital Protocol is a critical part of the evolving business toolkit and brings together the currently fragmented landscape of social measurement and valuation. It provides the universal processes, principles and tools needed by business to ensure social risks and opportunities are considered alongside financial and environmental issues in corporate strategy and decision-making.
The Protocol Framework covers 4 stages centred around the questions: Why? What? How? and What Next?
Identify risks and opportunities for your business and stakeholders resulting from your relationships with natural capital and explore how an assessment would be relevant to your decision making.
Identify the objective of your assessment and conduct a materiality process to select the most relevant impacts and dependencies from the perspective of both your business and stakeholders.
Measure & Value
Use relevant approaches to measure and value the costs and benefits resulting from your material impacts and dependencies on natural capital.
Interpret, validate and verify your assessment process and results and integrate them into existing business processes to inform decision-making.
Explore your impacts and dependencies on natural capital with the Natural Capital Protocol.
Join the coalition
Become part of a dynamic global collaboration of leaders and leading organizations who have united around a purpose-driven ambition.