Measuring and Valuing Social Capital

Transcription

1 Measuring and Valuing Social Capital Moving from impact to integration 26 May 2016 Kitrhona Cerri, Manager, Social Impact, WBCSD 1

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3 About the World Business Council for Sustainable Development (WBCSD) CEO-led, global coalition of ~ 200 companies 35 countries, 22 industry sectors US$9tn: members aggregate market capitalization 19m employees 67 Global Network partners of national business councils around the world Working together towards Vision2050: 9 billion people living well, within the limits of the planet

4 WBCSD: Scaling up solutions WBCSD Strategy: Scaling up Business Solutions

5 Measuring socio-economic impact - the WBCSD journey 2008 How can we measure our socioeconomic impacts? 2013 How do we know which tools are best for our business? How can we harmonize and integrate impact measurement? *See for previous publications

6 What is Social Capital? The resources and relationships provided by people and society Human Capital Skills, knowledge, experience Societal Capital Shared values, norms, institutions Stocks which need to be maintained and enhanced to make society more cohesive and resilient, and business more successful 6

7 A change in perspective: Business both impacts and depends upon social capital *The Value Creation Process as depicted by the IIRC 7

8 Introducing the Social Capital Protocol A harmonized approach for businesses to measure and value their interactions with people and society for decision-making. 8

9 The Social Capital Protocol Process 9

10 Session additional information Progress in 2015 Engagement and concept development Session information A Call for Collaboration Social Capital Charter Social Capital in Decision-Making Social Capital Valuation Social Capital Working Group Ethical guidance drafted, to be developed alongside SCP Agreement on techniques for valuing and monetizing social capital Informing and engaging WBCSD members Commitment from 10 expert partners Input from 22 companies Guidance from 3 independent advisors Insights from 20 companies, 2 Global Network Partners Expertise from 22 leading practitioners 140 members signed up to the Social Capital working group Active engagement from 50 companies through case studies, interviews, deep-dive and pilots

11 Building the Social Capital Protocol: Insights into skills, employment and safety Visit to download 11

12 Building the Social Capital Protocol The WBCSD approach: Dive-in! 12

13 Outlining the what, why and how of the protocol steps 13

14 Key findings of the deep-dive Measurement and valuation of social capital is possible and useful Technical agreement: scope and boundaries, valuation techniques, stakeholder engagement We are at an early stage of the journey Technical challenges: data availability, monetization, standardization and comparability Building in a new perspective: Social capital dependencies and integration into decisionmaking 14

15 Next steps Timeline and deliverables to end 2016 Timeline Activities Deliverables SCP Pilots May - September Scoping discussions, check points with companies, scheduled webinars, group discussions Company feedback on the Protocol Share Insights October Share key findings and case studies at WBCSD Council Meeting in Chennai Tools, processes and methodologies to be included/referenced Case studies Public Launch December Public launch of the Social Capital Protocol First public version of the Social Capital Protocol, illustrated with examples in employment, skills and safety Social Capital Protocol online, interactive platform

16 Thank you Kitrhona Cerri