People
Social and Human Capital Protocol
The Social and Human Capital Protocol is a framework designed to assist organisations in identifying, measuring, and managing their impacts and dependencies on social and human capital. It provides a standardised approach for businesses to integrate social and human capital considerations into their decision-making processes, enabling them to better understand and manage their relationships with employees, communities and stakeholders.
This is a cross-cutting resource, meaning that it supports the internal impact management process as a whole, rather than one or a few of the Actions of Impact Management.
Standard on applying Social Value Principle 4: Only Include What is Material
Standard and guidance on how to apply the fourth of SVI’s Social Value Principles.
Use this resource to:
- Measure, assess and value: Follow the guidance to determine whether an impact is significant to people or the environment, requiring management.
Standard on Applying Social Value Principle 3: Value the Things that Matter
Standard and guidance on how to apply the third of SVI’s Social Value Principles.
Use this resource to:
- Measure, assess and value: Use the guidance to value impacts from the perspective of affected stakeholders. This standard emphasises the importance of using data collected directly from stakeholders.
Principles of Social Value
The Principles of Social Value guide organisations in considering social value in decision-making, aiming to optimise value for all stakeholders materially affected by their activities. The practice standards help organisations to implement each principle to a point where they are accountable for their activities.
This is a cross-cutting resource, meaning that it supports the internal impact management process as a whole, rather than one or a few of the Actions of Impact Management.
Standard on Applying Social Value Principle 1: Engage Stakeholders
Standard and guidance on how to apply the first of SVI’s Social Value Principles.
Use this resource to:
- Identify: Use the guidance on identifying stakeholders and engaging with them to understand actual and potential significant impacts.
- Set targets and plan: Use the guidance on identifying stakeholders, engaging with them, and collecting information to help shape strategy and objectives.