Social and Human Capital Accounting

The A4S CFO Network focusses on delivering tangible outcomes and undertakes a number of projects each year to develop practical guidance on specific areas of financial decision making, or risk management. The projects are selected by the CFOs and each can choose for their organization to take part in one, or all, projects by nominating a suitable representative to join the relevant team. 

Download the Social and Human Capital guide >

Project aims

The aim of the project is to build on the A4S Natural and Social Capital Accounting guide by further exploring approaches to measuring and valuing social capital.


Social capital makes a fundamental contribution to corporate performance for the majority of organizations, and can be significantly enhanced or negatively impacted by corporate activities.

Whilst the Natural Capital Coalition is leading on the development of a harmonised natural capital measurement and valuation framework (the Natural Capital Protocol), the social capital space is less developed.


  • practical guidance will be developed with a range of tools, case studies and tips for finance professionals
  • a range of case studies setting out the benefits, challenges and lessons learnt from different approaches

Project members

Projects members are essential to the running of all A4S projects, and represent CFOs from the A4S CFO Leadership Network.

The members of this project were:

  • Jane Baptist, Deputy Head of Sustainability, The Crown Estate
  • Claudine Blamey, Head of Sustainability and Stewardship, The Crown Estate
  • Alex Christofis, Financial Reporting Manager - Projects, British Land
  • George Cobb, Group Sustainability Accountant, SSE
  • Thom Cooper, Lead Sustainability Advisor, Yorkshire Water
  • Paul Crewe, Head of Sustainability, Energy & Engineering, Sainsburys
  • Siobhan Cullen, Ethical Trade Coordinator, Burberry
  • Chris Gerrard, Climate Change and Biodiversity Manager, Anglian Water
  • Ian Glover, Environmental Sustainability Manager, National Grid
  • Joseph Griffin, Head of Environment and Environmental Wellbeing, Bupa
  • Rebecca Loyo Mayo, Senior Ethical Trade Manager, Burberry
  • Katia Martin, Corporate Responsibility Expert, Burberry
  • Iain McGuffog, Economic Regulation Manager, Pennon (South West Water)
  • Sabina Nealon, Finance Director, Sustainable Business, Unilever
  • Sarah Princep, NWE Region Head of Accounting Governance and Services & Accounting Competency, Siemens
  • Roger Seabrook, VP of Finance Marketing and Sustainability, Unilever
  • Anne Thomas, Financial Controller, The Crown Estate
  • Kate Wallace, Sustainability Economist, SSE