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Companies Launch International Guidance for Social Reporting

Feb. 28, 2019, 6:11 PM

The first detailed guidance over how companies should assess and report their social and human impact has been launched by the World Business Council for Sustainable Development (WBCSD), a consultative body for 200 multinational corporations.

The guidance doesn’t provide a method for calculating the value of things such as employee training and ethnic and gender diversity, which could take 25 years to develop, Eva Zabey, the WBCSD’s director for redefining value, said in a phone call. Instead it is a detailed guide for consistently measuring human and social capital for internal decision making and external reporting. Zabey said a ...