Human Capital

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Human capital is defined in the Capitals Coalition’s Social and Human Capital Protocol (2019) as “The knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being”.

In this definition, the Protocol draws on the OECD’s 2007 publication by B. Keeley, ‘Human Capital: How what you know shapes your life’.

Human capital and ‘social capital’ are described by the Protocol as resources that “need to be maintained and enhanced to make society more cohesive and resilient and business more successful”.

The Protocol is intended to help shift the consideration of social and human capital performance to the core of business decision-making.

See: the Capitals Coalition website; Natural capital; Natural capital protocol; Social capital; Social and human capital protocol.


The World Bank: Human Capital