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Overview

WBCSD’s vision for the economy is that by 2050 a business should be measured by its ‘True Value’ and should use ‘True Costs’ and ‘True Profits’ in its internal and external reporting. Profit and loss, performance and value creation, have been redefined to consider longer-term environmental and social impacts. Most importantly, prices reflect all externalities – costs and benefits.

To achieve this vision, measuring, valuing and reporting corporate performance needs to adapt to reflect integrated performance management and to facilitate informed and sustainable decision making with the aim of looking beyond short-term financial gain to the broader set of dependencies such as natural and social capitals.

In line with WBCSD’s 2050 vision, the Redefining Value programme was established to integrate natural and social capital measurement and valuation into corporate performance management and decision-making and improve the effectiveness of non-financial internal and external reporting so that it progressively reflects the true value, profits and costs of a company. 

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Social Capital Protocol

The WBCSD is driving the collaborative development of the Social Capital Protocol: a harmonized approach for businesses to measure and value their interactions with people and society. At the request of companies, we are working to consolidate the business voice and convene a new platform for greater alignment across tools, frameworks and standards.

The latest publication shares insights into the development of the Protocol – with best practice examples in the areas of employment, skills and safety.

Find out more >>

Download the Call for Collaboration>>

Download the new publication - Building the Social Capital Protocol: Insights into employment, skills and safety >>

Natural Capital Protocol

On behalf of the Natural Capital Coalition (NCC), the WBCSD and a broad field of experts are leading the development of the Natural Capital Protocol.

The NCC envisions a shift in corporate behavior to conserve and enhance, rather than deplete, our natural capital. The Natural Capital Protocol aims to work towards this vision by providing a standardized framework for business to measure and value their direct and indirect impacts and dependencies (positive and negative) on natural capital.

For more information on the project, please see the NCC website 

If you would like to learn more about WBCSD's role in developing the Natural Capital Protocol please contact Eva Zabey (zabey@wbcsd.org) or Hannah Pitts (pitts@wbcsd.org)

Publications
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Building the Social Capital Protocol: Insights into employment, skills and safety
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Reporting Matters 2015
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Towards a Social Capital Protocol – A Call for Collaboration
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Reporting Matters 2014
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WBCSD FLP 2014 - Integrated Reporting in South Africa - From Concept to Practice
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SDG Compass

The Sustainable Development Goals (SDGs) define global priorities and aspirations for 2030. They represent an unprecedented opportunity to eliminate extreme poverty and put the world on a sustainable path.

The SDGs explicitly call on all businesses to apply their creativity and innovation to solve sustainable development challenges. The SDGs have been agreed by all governments, yet their success relies heavily on action and collaboration by all actors.

The SDG Compass explains how the SDGs affect your business – offering you the tools and knowledge to put sustainability at the heart of your strategy.

Find out more »

Contact: Mark Didden (didden@wbcsd.org)

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Andy Beanland
Associate, Redefining Value, Reporting
Redefining Value
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Anaïs Blasco
Associate, Redefining Value, Reporting
WBCSD
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Kitrhona Cerri
Manager, Redefining Value, Social Capital
WBCSD
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Mark Didden
Manager, Redefining Value
Redefining Value
Tel : +41228393152
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Rodney Irwin
Managing Director, Redefining Value
Redefining Value
WBCSD
Tel : +41 (0) 22 839 31 07
Fax : +41 22 839 31 31
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