The Robert Wood Johnson Foundation, in partnership with the Amsterdam-based Global Reporting Initiative, has announced the launch of an initiative to improve the health and well-being of employees, families, and the communities in which they live.
A Culture of Health for Business was developed in response to the heightened awareness around social and human capital as a growing environmental, social, and governance (ESG) concern and the growing adoption of ESG reporting as a means of tracking corporate performance and guiding related decision making.
To that end, GRI is consulting with stakeholders on ways to embed A Culture of Health in their business practices and as a guiding principle. Companies also can receive guidance with respect to reporting on their impact by using the GRI Global Sustainability Standards. Focused on health, well-being, and equity, the fifteen practices were developed after extensive research and with input from an advisory committee of experts consisting of representatives from health, academic, nonprofit, and corporate backgrounds.
"We firmly believe that the private sector plays an integral role in the health and well-being of everyone in America, because we have seen how health and well-being can impact a company's performance," said RWJF senior program officer Victoria Brown. "The guiding principles and business practices outlined in A Culture of Health for Business can bolster the 'S' in ESG. We're thrilled to work with GRI on this effort, given their longstanding expertise in sustainability reporting and measurement. Our organizations see an opportunity for businesses and the corporate community to provide leadership for what it means to support healthy employees, their families, and communities."
"Companies wouldn't exist without their employees, making human capital management a priority for the long-term success of an organization. Investing in your workforce ensures greater productivity and therefore increased returns," said GRI chief executive Tim Mohin. "Around the world we work with companies large and small and want to continue empowering them to communicate their impact on critical issues, including human capital, so they can keep enabling positive change beyond the walls of the workplace. By working with the Robert Wood Johnson Foundation, we believe A Culture of Health for Business can drive an ongoing conversation around what healthy workforces and healthy communities look like."