The first organization of companies committed to human capital disclosures gains the support of four international organizations focused on human capital management and announces a new technical committee to develop reporting protocols. The organization’s Executive Director will speak at the upcoming Enterprise Engagement in Action Conference, Oct.-3-4, at the University of Texas at Arlington.
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Four international organizations, the International Integrated Reporting Council, the Natural Capital Coalition, Social Value International and the Roundtable on Product Social Metrics, have announced their support for the Social & Human Capital Coalition. The mission is to “help companies identify, measure and value the importance of people and communities,” according to Mike Wallace, Executive Director of the SHC Coalition, who will be speaking at Enterprise Engagement in Action at the University of Texas at Arlington.
“We understand that an effort like this can only succeed if it’s truly a multi-stakeholder process,” says Mike Wallace, Executive Director of the SHC Coalition. “This is why we’ve taken the care and consideration to open the first version of the Social & Human Capital Protocol for public consultation.”
Such collaboration, Wallace explains, is critical to the success of the SHC Coalition and ultimately in achieving the vision of social and human capital being consistently measured and valued in corporate, investor, government and organizational decision-making. See ESM: Share Your Viewpoints on the Social and Human Capital Protocol.
Wallace says the SHC Coalition received over 250 comments from a range of experts in the natural, social, human, intellectual and financial capital arenas on its request for public comment on human capital management and related disclosures by public companies.
“Developing a credible, comparable and broadly accepted approach on valuing social and human capital is essential in the transition to a more sustainable world,” says Peter Bakker, President and CEO of WBCSD and Chair of the SHC Coalition’s Board. “The new Social & Human Capital Coalition will help demonstrate true corporate performance to key stakeholders while ensuring a continuous movement towards universally just employment and community practices.” Click here for a list of the other Board Members.
The SHC Coalition has also announced the creation of a Coalition Technical Committee that is now open to new members. The Technical Committee will provide key inputs and advice in rationalizing and integrating comments from the public consultation period and on other significant technical issues.
According to Wallace, “government policy, investor requests and consumer sentiment are all driving companies to better manage their social impacts and dependencies while integrating sustainability into core business principles. The work of the Social & Human Capital Coalition is a significant step forward. The SHC coalition is encouraging all organizations to join this open and collaborative network.”
For More Information:
Mike Wallace, Executive Director
Social & Human Capital Coalition
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