The Center for Safety and Health Sustainability (CSHS), whose member organizations represent more than 100,000 workplace safety and health professionals around the world, has filed one of many letters of support of a petition from the Human Capital Management Coalition. The coalition is calling for the U.S. Securities and Exchange Commission to require companies to disclose key human capital metrics.
The petition states there is broad consensus that human capital management is an integral part of corporate culture and therefore important to a company’s bottom line and long-term value creation. A large body of empirical work indicates that skillful management of human capital is associated with improved corporate performance, safer and healthier workplaces, and better risk mitigation. Human capital disclosures can shed light on the quality of upper management and the stewardship of a company, possibly signaling broader challenges that lie ahead.