Recently, the value of relationships has been foregrounded in the integrated reporting movement. The guidance provided by the International Integrated Reporting Council (IIRC) suggests that a company’s public report should include information about six forms of “capital” as inputs and outputs of the value generation process. One of these is social capital, which focuses on “institutions and relationships.” In South Africa, the first country requiring listed companies to publish such integrated reports, understanding and enhancing social capital is a key priority among the Network for Business Sustainability's South African Leadership Council.
The need for this research is clear. Despite the importance given to relationships by the IIRC and others, it is remarkable how little explicit, structured attention is given to assessing and improving them. For instance, although social capital is a major emphasis in integrated reporting guidelines, there is still much uncertainty about what it actually means and why and how it should be measured.
About the Report
To address such uncertainties, NBS-SA commissioned a systematic review of the rich scholarly literature on social capital. Prepared by Moses Acquaah and his colleagues, and based on this review of 314 studies, the report provides a comprehensive research-based guide on the definition, measurement, and the value that social capital provides to individuals, businesses and communities. It addresses the following questions:
- What is social capital? What constitutes the forms and dimensions of social capital?
- How has social capital been measured in the management literature, as well as in other disciplines?
- How has social capital been valued in the management literature? How does the value of social capital differ for individuals, organisations, and communities?
- What should business leaders and organisations bear in mind when making investments in social capital?
Read the executive report.
For more information on the project or reports, please contact Kristy Faccer, email@example.com