In December 2021, Allianz was certified as one of the first organizations worldwide, under the ISO 30414 Human Capital Reporting Standard via the disclosure of key workforce metrics in the Allianz People Fact Book and the HR pages within the Sustainability report.

ISO 30414, Guidelines for internal and external human capital reporting, is the first International Standard that allows an organization to get a clear view of the actual contribution of its human capital. Applicable to enterprises of all types and sizes, it provides guidelines on core HR areas such as organizational culture, recruitment and turnover, productivity, health and safety, and leadership.

The impact of information asymmetry is alive and well in 2022 and has found a new application: human capital. Disclosures about human capital performance will become an organisation’s competitive advantage by creating a stronger employer brand, which is attractive to candidates and fills open jobs, and with workers more likely to stay with organisations longer.

The IIRC (International Integrated Reporting Council) and SASB (Sustainability Accounting Standards Board) have created the Value Reporting Foundation. This foundation has published an Integrated Reporting framework that calls for the adoption of six capitals. One of these is human capital. In this article, read how human capital is a key creator of other capitals within an organization. Highlighted in the article is the need for enhanced human capital reporting to understand organizational resilience and sustainability. Foundational guidelines within ISO30414 provide structure and discipline for human capital reporting measurements.