Toolkit

Please explore the selection of useful resources and links included below:

Tool Related Steps Further information

Accounting for Sustainability, (2012), Future Proofed Decision Making.

The Prince’s Accounting for Sustainability Project (A4S) commissioned research into which types of information may be most effective in driving the integration of environmental and social factors into Board level decision making. This report:

  • Considers the need for organizations to account for their environmental and social impacts
  • Presents the findings of the research commissioned by A4S into the use of environmental and social information in decision making
  • Assesses other published work that has been undertaken looking at ways in which environmental and social information is being taken into account by organizations
  • Recommends key areas for action
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Accounting for Sustainability, (2014), Natural and Social Capital Accounting: An Introduction for Finance Teams.

This is a practical guide to help finance teams increase their understanding of the growing movement around natural and social capital accounting.

The guide explains the key terms finance teams should know, how broadening accounting frameworks can benefit business, and the central role of the finance team on collecting, analysing and reporting this new type of information. The guide suggests a set of overriding principles based on financial accounting principles to assist the decision-making process.

The guide also explores the benefits and challenges of converting natural and social capital impacts and dependencies into financial figures, to gain the attention of decision makers.

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B Analytics, Global Impact Investment Rating System.

GIIRS uses the B Impact Assessment methodology to deliver an accounting of an investment portfolio’s impact on workers, customers, communities, and the environment.

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Base of the Pyramid Impact Assessment Framework

An analytical framework for the identification and measurement of business “outcomes” and “impacts” on stakeholders including customers, suppliers, and surrounding communities; it can be applied qualitatively to gain a high-level understanding of impacts or quantitatively to assess performance.

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Building the Social Capital Protocol: Insights into employment, skills and safety.

The publication, Building the Social Capital Protocol: Insights into employment, skills and safety, provides insight into the work of 15 WBCSD member companies: Accenture, AkzoNobel, BASF, BMW Group, DSM, Deloitte, EY, Evonik, KPMG, LafargeHolcim, Nestlé, PWC, SCA, Siemens and Solvay. These companies have been sharing and exchanging their internal measurement and valuation approaches, focusing on three initial subjects which are core to every business regardless of industry or sector: skills, employment and safety.

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European Commission, (2014), Proposed Approaches to Social Impact Measurement.

This guide is for social fund managers to decide whether to invest in a particular enterprise and for investors to check that enterprises they have backed have achieved their stated social objectives. It is also of wider application, both internally and externally. The publication sets out the proposed approaches to measurement used for assessment and follow-up.

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Forum for the Future (2016), The Social Lexicon: Sorting out the Muddle.

This paper seeks to tease out the origins and the meaning of these words and phrases used within the ‘social sustainability’ space, and to clarify the relationships between them.

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GEMI Metrics Navigator

A framework and guidelines, including worksheets, for the identification, measurement, assessment, and prioritization of environmental and socio-economic impacts for management response.

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GRI and RobecoSAM, (2015), Defining Materiality: What Matters to Reporters and Investors.

This research explores the topic of materiality from the reporter’s perspective, as expounded in GRI reports, and compares this with the investor perspective of materiality, as formulated by RobecoSAM. GRI and RobecoSAM analyze data from two sectors of the economy: Technology Hardware & Equipment and Banks & Diverse Financials.

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GRI, (2005), GRI boundary protocol.

This protocol provides guidance on boundary setting for sustainability reporting, and describing the chosen boundary to report users.

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