Towards a new economic paradigm: The role of integrated decision-making across nature, people, society and the economy

This document sets out the progress made so far in the thinking and development of the Protocol of Capitals. Building on the guidance set out in the Natural Capital Protocol (2016) and the Social and Human Capital Protocol (2019), the Capital Protocol will provide companies with a unified framework to identify, measure and assess their impacts and dependencies on natural, social, human and capital-produced resources to inform decision-making and achieve nature-positive outcomes, people and economies.

The document is still in the early stages of this transformative journey, and captures the core concepts of integration in decision-making and how to chart the path ahead. It is based on more than 400 comments received on an initial draft of the Capital Protocol, as well as on the impact standards work developed by UNDP's SDGs, the r3.0 work on multiple capitals by SustainValue, the IDEEA Group and others.