Measuring the social performance of firms through the lens of the OECD Well-being Framework

Oecd

No 3, OECD Policy Insights on Well-being, Inclusion and Equal Opportunity from OECD Publishing

Abstract: This Policy Insights presents a conceptual framework for understanding the non-financial performance of firms through the lens of the OECD Well-being Framework. Building on existing approaches for measuring non-financial performance, it proposes a measurement framework and indicator set for what may be referred to as “Scope 1” Social performance. This refers to the well-being of stakeholders that operate within the operational boundaries of the firm, namely employees, and the capital resources that a firm contributes to and depletes that are directly relevant to society as a whole. Measuring the non-financial performance of firms in the social area is relevant both to provide insight into a company's impact on society, as well as to inform enterprise value creation.

Keywords: ESG; inclusive business models; Non-financial performance indicators; social impact measurement; sustainability; well-being framework (search for similar items in EconPapers)
JEL-codes: D63 G30 I31 M14 (search for similar items in EconPapers)
Date: 2022-01-27
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Persistent link: https://EconPapers.repec.org/RePEc:oec:wiseab:3-en

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