The Challenge: Consistent measurement and valuation of social impacts and dependencies
The WBCSD envisions a world where profit and loss, performance, and value creation have been redefined to integrate longer-term environmental and social impacts and dependencies.
While there is a strong drive towards integrated reporting, businesses are struggling to identify fit-for-purpose approaches which will enable them to integrate social measurement, management and valuation within their organizations. Many tools exist, and more are emerging, however they are based on different assumptions, offer different functionality, suit different purposes, and increasingly compete for uptake. Companies are left to work out for themselves the best route to follow, and are concerned that, in this complex landscape, we risk losing sight of the overarching objective of improved business sustainability.