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

Abstract

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. | WISE(2022)1For Official Use OECD Papers on Well-being and Inequalities www.oecd.org/wise/papersandbriefsThe OECD Papers on Well-being and Inequalities Series -managed by the OECD Centre on Wellbeing, Inclusion, Sustainability and Equal Opportunity (WISE) -features working papers on the measurement agenda for well-being, inclusion, sustainability and equal opportunity as well as papers seeking to deepen the understanding of the drivers of these issues, the ways in which they interact and how they evolve. These papers are prepared by OECD staff, external experts or by outside consultants working on OECD projects. OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s).Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works. Comments on Working Papers are welcomed, and may be sent to wellbeing@oecd.org. This series is designed to make available to a wider readership selected labour market, social policy and migration studies prepared for use within the OECD. Authorship is usually collective, but principal writers are named. The papers are generally available only in their original language -English or French -with a summary in the other. This document and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.The release of this working paper has been authorised by Romina Boarini, Director of the OECD Centre on Well-being, Inclusion, Sustainability and Equal Opportunity (WISE).

Cartographie des efforts des secteurs public et privé pour assurer une transition juste

“…• Le concept de transition juste reconnaît que les enjeux sociaux et environnementaux sont imbriqués et élargit le débat sur le passage à une économie à faibles émissions de carbone. Dans cet esprit, le rapport de l'OCDE intitulé L'articulation entre inégalités et environnement : pour une transition verte centrée sur l'humain (OCDE, 2021 [1]) dresse un état des lieux des programmes de mesures en faveur d'une croissance inclusive et verte, en décrivant les principaux défis et les solutions possibles afin de permettre d'opérer une transformation juste de l'économie.…”

“…Une autre coalition, le Conseil pour un capitalisme inclusif (CIC), a mis sur pied un groupe de travail réunissant sept entreprises énergétiques afin d'élaborer un cadre de transition juste dans le secteur de l'énergie, articulé autour de quatre piliers : une énergie universelle neutre en carbone, le perfectionnement de la main-d'oeuvre, la résilience des communautés et la collaboration et la transparence 1 . Aux côtés du CIC et de PricewaterhouseCoopers (PwC), le Conseil mondial des entreprises pour le développement durable (WBCSD) cherche également à identifier des exemples positifs d'entreprises privées qui soutiennent la transition juste dans le récent rapport intitulé Achieving a just transition in the energy system (WBCSD, 2023 [5]), sur la base du Cadre d'action des entreprises pour une transition juste élaboré par le CIC et ses partenaires.…”

Unpacking public and private efforts on just transition

“…Just transition is also becoming a common term in the discussions among governments, international organisations and businesses in the context of the current economic challenges that compound social and environmental needs. The OECD report, The inequalities-environment nexus: Towards a people-centred green transition (OECD, 2021 [1]), has mapped inclusive and green policy packages, outlining the main challenges, and identifying possible solutions for achieving a just transformation of the economy.…”

“…Another coalition, the Council for Inclusive Capitalism (CIC), established a working group of seven energy companies to develop a framework for a just transition in the energy sector around four pillars of universal net-zero energy, workforce evolution, community resilience and collaboration and transparency. 1 Along with CIC and PricewaterhouseCoopers (PwC), the World Business Council for Sustainable Development (WBCSD) is also seeking to identify some of the positive cases of private companies to support just transition identified in the recent report Achieving a just transition in the energy system (WBCSD, 2023[5]), based on the Just Transition Framework for Company Action developed by the CIC and its partners. At the 2023 B4IG Annual Board meeting, B4IG Members approved the idea of combining B4IG with the WBCSD's Tackling Inequality workstream to form a joint platform in 2023 for business action to drive enhanced impact at scale.…”

Valuing business impacts in the areas of wage inequality and employee well-being

“…Over the past years, several organisations and knowledge institutes, including the Harvard Business School Impact Weighted Accounting Initiative (Serafeim, 2019 [1]) and the Value Balancing Alliance, have made a strong case for monetary valuation, arguing that it is the language that business understands, that it enables comparing impacts and is highly suitable to support decision-making (HBS Impact Weighted Accounts et al, 2021 [2]). An overview of existing frameworks, as compiled by the Value Accounting Network, shows that a range of different valuation and monetisation methodologies have emerged, each with different uses, audiences and objectives (Capitals Coalition, 2022 [3]).…”