O World Business Council for Sustainable Development (WBCSD) launched the Share Capital Protocol this Wednesday (28) in Montreux, Switzerland. The initiative aims to integrate the measurement of social impacts for business, providing a consistent process for companies to value and better manage social capital.
The launch took place during the Liaison Delegate Meeting 2017, a meeting promoted by which brings together major businesspeople from around the world.
The first version of the Share Capital Protocol includes a step-by-step guide divided into four stages; recommendations of best practices; business case studies; and the indication of relevant tools and references. The publication also includes a Forest Products Sector Guide to the Share Capital Protocol , developed by WBCSD and Forest Solutions Group.
Figure shows the stages of the Share Capital Protocol
The first English version of the Protocol is the result of two years of collaborative development involving input from more than 50 WBCSD member companies, an advisory group of 20 expert partners and four partners from the WBCSD Global Network.
To learn more visit www.social-capital.org
