The Social and Human Capital Protocol is part of a broader movement to enable businesses to integrate people, planet and profit as drivers of sustainable growth. Businesses struggle to measure and value their impacts on social and human capital in a way that provides useful and actionable information for internal decision-makers to strengthen their social and human capital for the benefit of society and business. The Protocol aims to bridge this gap and enable businesses to better understand their positive and negative effects on their people and society at large.
Clients can use the Protocol to measure their business’ impacts relating to avoiding, preventing and actively addressing illegal activities, such as child labor, forced labor and breaches of health and safety requirements. Some businesses are already reporting on these topics as signatories to certain international agreements. The Protocol seeks not to replace but to support such agreements by helping businesses to clarify the business and societal value of a robust response to these issues.
Mike Wallace, a Partner with BrownFlynn, an ERM Group company, served as the interim Executive Director of the Social and Human Capital Coalition, which was launched in April 2018.