Six Capitals
= "The Integrated Reporting (multicapital) Framework categorises them as financial, manufactured, intellectual, human, social and relationship, and natural".
Description
HARVEY SCHACHTER:
"The MultiCapital Scorecard focuses on five types of vital capital:
- Natural: Air, land, water, minerals, flora, fauna, ecosystems and other natural biophysical resources that humans and non-humans rely on for their well-being;
- Human: Knowledge, skills, experience, health, values, attitudes and ethical duties;
- Social and relationship: Teams, networks and hierarchies working together and their shared knowledge, skills, experience, health and values;
- Constructed: Material objects, systems or ecosystems created by humans;
- Economic: This can be internal or external. Internal financial capital refers to the pool of funds available to a company, including debt and equity finance. External financial capital consists of all funds available to parties outside an organization that your company can choose to access.
More information
- Integrated Reporting
" <IR> is a process founded on integrated thinking that results in a periodic integrated report by an organization about value creation over time and related communications regarding aspects of value creation.
An integrated report is a concise communication about how an organization’s strategy, governance, performance and prospects, in the context of its external environment, lead to the creation of value in the short, medium and long term."
- "The International Integrated Reporting Council ('the IIRC')
is a global not-for-profit organization, incorporated in England and Wales. Company no. 07746254 with its registered office at The Helicon, Third Floor, 1 South Place, London, EC2M 2RB."
Book
- The MultiCapital Scorecard. y Martin Thomas and Mark McElroy. Chelsea Green Publishing, 2017.
"The Consultants Martin Thomas and Mark McElroy have developed a format that provides a practical way to oversee such expansive sustainability. You choose what you wish to measure – what you feel is important – and even the weights you want to give to the various items. But they provide, thorough their MultiCapital Scorecard, a means for managing and evaluating that broader view of the organization.
It’s an important book because when you fall short of sustainability – an unpalatable workplace, polluting the environment, or being unproductive and winding up in the financial red – you are eroding capital, be it societal or corporate, and that’s destructive. And even if you find a multicapital approach wrongheaded or the authors’ system too elaborate, the method may include useful ideas you can borrow for your own situation." (https://www.theglobeandmail.com/report-on-business/careers/management/the-multicapital-scorecard-a-practical-guide-to-sustainability/article33849941/)