OECD Holds Workshop to Measure Business Impact on Well-Being

The Organization for Economic Cooperation and Development (OECD) organized a workshop on measuring business impacts on people’s well-being in Paris on February 23-24. The workshop is part of the OECD’s Better Life Initiative for which the OECD developed a series of indicators enabling governments to design policies for improving well-being in areas including income, health, education, security and environment. An increasing number of actors are looking at how companies impact well-being, but lack specific guidance on how to accurately measure these impacts. Statistical evidence on business’ contribution to well-being is scattered and firms’ performances on environmental, social and governance as well as responsible business conduct issues remain hard to benchmark.

Building on in-house knowledge and experience in measuring well-being and responsible business conduct, the OECD, in collaboration with Fordham University, the Society and Organization Center of HEC Paris and the Humanistic Management Network, organized a workshop to discuss foundations measuring business impacts’ on well-being and explored interest in creating a consistent system of indicators based on existing corporate responsibility metrics, corporate practices and OECD’s experience in measuring well-being.

The workshop emphasized the importance of using coordinated information systems for different actors, such as businesses, NGOs and governments, to encourage them to adopt a common channel for promoting well‑being in the broad sense. It will bring together researchers, experts, business executives and a wide range of actors on the ground.

Additional information on the event is available on the OECD’s website. Official notes from the sessions are available here.

Staff Contact:   Michael Michener

VP, Product Policy and Innovation
Tel: 202.617.3159

Michael Michener is USCIB’s vice president of product policy and innovation, joining USCIB in early 2017. Michener is a former administrator of the U.S. Foreign Agricultural Service who has also served as a U.S. trade diplomat and association executive. Michener most recently served in Brussels as director of multilateral relations for CropLife International, representing the association before a range of international organizations – including the UN Food and Agricultural Organization, the UN Environment Program and the UN Framework Convention on Climate Change – on issues related to crop protection products and agriculture biotechnology.
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