ESG > World Economic Forum Releases ESG Reporting Metrics and Disclosure Standards. May 19, 2015 September 27, 2015 2 min read admin. The Index measures which countries are best in mobilizing the economic and professional potential of its citizens. The 2020 special edition is dedicated to elaborating on the priorities for recovery and revival, and considering the building blocks of a transformation towards new economic systems that combine “productivity”, “people” and “planet” … You too can help those around the world to #InvestinPeople. In the latest HDI report, 2020 India is on 129th rank. Embedding human principles into the nature of work--principles such as purpose and meaning, growth and passion, and collaboration and relationships--enables the social enterprise to continually reinvent itself on the back of perpetual disruption. These files are available for 174 countries that had sufficient data to calculate an HCI value in September 2020. Human capital is the driving force of economic growth. Download 2-page briefs that put HCI country data in perspective with complementary indicators, and specialized Excel files that include detailed HCI data, sources, and methods. As a result, anything that undermines the best allocation of talent and impedes the accumulation of human capital may significantly hamper growth. Given the challenges companies face, such as climate change, workforce issues, the COVID-19 pandemic and societal expectations, the Report states that companies need to strengthen their resilience and ability to operate. A global view of country achievements, COVID-19 response, and WBG support. The Report adds that investors and stakeholders also expect company reports to disclose non‑financial issues, risks and opportunities with the same discipline and rigor as financial information. This ambitious plan sets out clear targets and commitments to boost Africa's potential through its human capital. Development of Comprehensive Reporting System. In addition, the metrics would be capable of verification and assurance. Human Capital Report by WEF. Inclusive growth & Development report by WEF. The World Economic Forum (WEF) which is an international NGO recently released the third edition of the future of jobs report 2020. consistent with the report the covid-19 and its impacts will disrupt quite 85 million jobs by 2025. As of January 2021, the HCP has 79 countries participating and takes action in three distinct areas. In contrast, the 34 expanded metrics and disclosures are arguably more tangential, but extend to an entity’s complete value chain scope. The Report defines ‘human capital’ as the knowledge and skills people possess that enable them to create value in the global economic system. With the SEC presumably about to adopt enhanced disclosure requirements for human capital next week (see this PubCo post), this new report from the World Economic Forum in Davos, prepared in collaboration with consultant Willis Towers Watson, offers a timely new framework for valuing human capital. #DeloitteESGNow — Human Capital Measures Up (November 3, 2020) Show contents . Prior results do not guarantee a similar outcome. Story: Investing in Africa’s People Yields Impact, Strengthens Efforts to, Blog: World Health Day: The nursing workforce is critical to COVID-19 (coronavirus) and global health, Publication: Protecting People and Economies in the COVID-19 Era, Blog: Innovation and sound policies are critical to protect people during, For the poorest countries, the full danger from coronavirus is only just coming into view, Video: Building the Foundation of Human Capital, socioeconomically-disaggregated Human Capital Index, Human Capital Project Case Studies Series, Learn more about the Index and the definition of Human Capital, Access the human capital "Knowledge Exchange" series, Human Capital Project : Year 2 Progress Report (October 15, 2020), The Human Capital Index 2020 Update : Human Capital in the Time of COVID-19 (September 16, 2020), Africa Human Capital Plan Year One Progress Report : Game Changers for Investing in Africa's People (June 1, 2020), Annual Meetings 2019: Human Capital Project Ministerial Conclave, Summit: Comitting to Action to Drive Economic Growth, Summit: Investing in the Early Years for Growth and Productivity, Event: Building Human Capital: Shaping the Future of Djibouti’s Youth. Human capital is central to the World Bank Group’s efforts to end extreme poverty by 2030 and raise the incomes of the bottom 40 percent of people in each country. The framework outlines how companies can transition to valuing talent as an asset rather than an as expense. The World Economic Forum (WEF), based in Cologny, Geneva Canton, Switzerland, is an international NGO, founded on 24 January 1971.The WEF's mission is stated as "committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". Visit davispolk.com, World Economic Forum Releases ESG Reporting Metrics and Disclosure Standards, Katherine J. Brennan, Marsh & McLennan Companies, Connor Kuratek, Marsh & McLennan Companies, Davis Polk's Corporate Governance Practice. The index measures how much capital each country loses through lack of education and health. Importantly, Project participants hope that an accelerated global adoption will impress, and perhaps influence, regulators, standard-setters, rating agencies and others on the metrics and disclosures the business community believes are important. Lastly, companies are also encouraged to go beyond the common standards and disclose more tailored industry- or sector-specific information. To thrive in an environment that can shift from moment to moment, organizations must become distinctly human at the core. Check out the updated 2020 Human Capital Index, our videos, visualizations, frequently-asked-questions, and more. To date, there is still a 31.4% average gender gap that remains to be closed globally. Learn more by clicking on the topics below. You can download the full HCI 2020 report here. We host the following related webpages: About, Case Studies, Country Knowledge Exchanges, Key Reports, and Frequently Asked Questions. Poor social mobility coupled with inequality of opportunity underpin these frictions, suggesting that if the level of social mobility were increased, it could act as a lever to economic growth. Disclose or Explain. The World Economic Forum publishes a comprehensive series of reports which examine in detail the broad range of global issues it seeks to address with stakeholders as part of its mission of improving the state of the world. The live sessions are restricted to participation by the focal points, but afterward, the recordings are shared as a public good. As of September 2020, the HCP counts 78 countries as part of its network of committed governments who have expressed interest to invest in human capital at the highest levels. The environment to human capital may significantly hamper growth value in September 2020 in 2019 ) has participating! A collaboration between Willis Towers Watson and the economy first edition aimed to prompt policy-makers short... 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