Capitals thinking is a holistic approach to understanding value through the impacts of, and dependencies on, the four types of capital: natural, human, social, and produced (including financial). This multi-pronged approach to valuation affords organizations a broader, more realistic perspective on their true costs and risks. Clearer quantification of these risks allows for better strategic planning, more informed decision making, and the ability to de-risk supply chains, production cycles, and day-to-day business operations. Furthermore, it opens up new avenues of opportunity identification and capitalization; be they in terms of CSR, talent identification and retention, or supply chain diversification.
Explore how the Natural Capital Protocol and the Social and Human Capital Protocol can enhance the decision making frameworks of Canadian enterprises, and make for a more sustainable Canadian economy.