This document discusses social capital and its importance for quality of life. Social capital enhances human capital and is increased when people have opportunities to interact socially, such as at a coffee shop, park, or church. However, social capital is ignored in traditional economic metrics. The document advocates for multi-dimensional impact accounting that incorporates social capital and other factors like human, man-built, and natural capital. It also discusses how social capital relates to business, place, community, and neighborhoods.

1. MULTI DIMENSION IMPACT ACCOUNTING
SOCIAL CAPITAL
IMPORTANT FOR QUALITY OF LIFE
File: TVA-p3-00-SOCIAL-CAPITAL-151009.odp Peter Burgess (c) All rights reserved

2. CONTEXT
This slideset is a Work-in-Progress
and will be updated from time to time.
It is part of a series that aims to
describe the extremely complex
socio-enviro-economic system that
we live in, and how better metrics will
make this system work better.
TRUE VALUE ACCOUNTING

3. SOCIAL CAPITAL has a big role in the quality
of life of any person and their family, but is
totally ignored in the money metrics of
economic progress and performance data.
This has to change … be changed!
MULTI DIMENSION IMPACT ACCOUNTING

4. The following slide shows what one
organization* uses as the elements of Social
Value ...
MULTI DIMENSION IMPACT ACCOUNTING
* Social Value Network http://socialvalueuk.org/

5. MULTI DIMENSION IMPACT ACCOUNTING
SunSun
EOP
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
SunSunSun
BOP
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
SOCIAL VALUE
Social Value Network http://socialvalueuk.org/

6. PEOPLE are SOCIAL
SOCIAL CAPITAL is enhanced when PEOPLE
have the opportunity to meet each other, to
congregate and to interact. At the same time
this improves personal HUMAN CAPITAL.
This can be at a coffee shop, on a park bench,
in a restaurant or in Church (or other religious
setting).
It can also happen in a business setting.
MULTI DIMENSION IMPACT ACCOUNTING

7. SOCIAL CAPITAL and BUSINESS
Business provides products (goods and
services that people need.
Business provides jobs that people need. With
jobs, people have money and they can then
buy the things they need.
Business can also enhance local facilities
needed by the community by pro-good
philanthropy, but also by the taxes that are paid
to government.
MULTI DIMENSION IMPACT ACCOUNTING

8. SOCIAL CAPITAL and PLACE
When PLACE enables social interaction there is a
good impact on SOCIAL CAPITAL.
A PLACE has to have the physical characteristics that
make SOCIAL work.
In a healthy … flourishing … PLACE, what is good for
SOCIETY is also good for PLACE and vice versa.
MULTI DIMENSION IMPACT ACCOUNTING

9. COMMUNITY or NEIGHBORHOOD
The way a community or a neighborhood has been
built determines to some extent how well it works to
enhance SOCIAL CAPITAL.
Social interaction that is physical (rather than virtual)
satisfies human needs and improves Quality of Life.
Place to meet … the 'pub', the coffee shop, the
barber's shop, church, are all positive for building
social capital.
MULTI DIMENSION IMPACT ACCOUNTING

10. REMINDER
This slideset is A WORK-IN-PROGRESS. It will be
upgraded periodically. It is part of a series of more than
100 slidesets. Navigation to these is available here:
FEEDBACK is welcome. Please email to Peter Burgess …
peterbnyc@gmail.com … with a catchy phrase in the
subject line so that it gets attention, and please identify
the specific slideset(s) involved.
http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=N1-Slidesets-p3
TRUE VALUE ACCOUNTING

11. THANK YOU
Some links and contact information:
Email Peter Burgess … peterbnyc@gmail.com
Peter Burgess LinkedIn profile
https://www.linkedin.com/in/peterburgess1
Link to TrueValueMetrics.org website
http://www.truevaluemetrics.org/
Link to navigation to other resources:
http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0100-MainNav#1
TRUE VALUE ACCOUNTING