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The Five Capitals
The five capitals framework, advocated within the LSC Strategy for Sustainable Development, provides a method of analysing the links between all dimensions of sustainable development (environment, economic and social) and allows you to put the key priorities into a strategy and action plan.
The framework considers the resources available for human progress in five different sorts of capital:
• Natural.
• Human.
• Social.
• Manufactured.
• Financial.
These five capitals are a sound representation of all of the resources available to a society and help to shift the focus away from just financial resources. It also helps to put the social dimension of sustainability on an equal footing with the economy and environment: something which is often lacking in sustainable development activities.
Forum for the Future (external website) have more information on this model.
The recent CEL report (Appendix 2: Models of sustainable development) provides some excellent guidance and a practical example of how you can use this within your organisation.
The framework considers the resources available for human progress in five different sorts of capital:
• Natural.
• Human.
• Social.
• Manufactured.
• Financial.
These five capitals are a sound representation of all of the resources available to a society and help to shift the focus away from just financial resources. It also helps to put the social dimension of sustainability on an equal footing with the economy and environment: something which is often lacking in sustainable development activities.
Forum for the Future (external website) have more information on this model.
The recent CEL report (Appendix 2: Models of sustainable development) provides some excellent guidance and a practical example of how you can use this within your organisation.
