The Capitals Coalition has announced the launch of the new Beta Framework for Integrated Decision-Making at Climate Week in New York. This is a ground-breaking tool designed to help organisations make balanced decisions that consider the interconnectedness of nature, people, and the economy.
As a new, systems wide innovation that can help to make balanced decision-making a reality, this Beta Framework provides a step-by-step approach and a set of required steps for integrating the value of four capitals in a consistent and transparent way in decision-making. It is supported by two technical documents: The Capitals Protocol and Governance for Valuation. The first provides detailed guidance on how to conduct an integrated capitals assessment to provide useful information for systems-level solutions. This Protocol consolidates existing frameworks on natural, social, and human capital. The second document, Governance for Valuation, provides a common structure to build confidence in valuation. This structure supports better understanding of how capitals information has been generated, provides criteria to judge whether it’s fit for purpose, and helps to summarize how it informs the decision at hand.
Learn more about the Beta Framework for Integrated Decision-Making
The Beta Framework, together with Capitals Protocol and Governance for Valuation, presents the conceptual foundations for an integrated approach in decision-making. The three documents are all released in beta versions and are part of a public consultation for businesses and organizations to pilot and test the documents, providing valuable feedback to help refine and improve the framework. The consultation will remain open until the 10th of January 2025.
Mark Gough, CEO of the Capitals Coalition, said: “In today’s complex world, it is essential to consider the interconnectedness of different factors when making decisions. Our Beta Framework provides a practical tool to help organizations and businesses achieve this balance to value what truly matters.”
About the Capitals Coalition
The Capitals Coalition is a global network of organisations committed to promoting integrated thinking and decision-making. By valuing what matters – including natural, social, and human capital – the Coalition aims to create a more sustainable and equitable world.
IDEEA Group has a long-standing relationship with the Capitals Coalition and actively supports its work to bring natural, social and human capital considerations into the standard practice of decision-making across all sectors.