Human Capital Reporting Standard - DIN ISO 30414
The need to present a company's financial performance in a transparent and uniform manner led to the introduction of standards for financial reporting and accounting decades ago. These standards make it possible to describe the financial results and position of a company in a standardized way. Despite the widespread acceptance and application of these financial standards, there was a significant gap in reporting until 2018: there was no internationally recognized reporting standard that similarly reflected a company's performance in terms of its human capital. To close this gap, ISO 30414 was created, which relies on the global credibility and recognition of the International Organization for Standardization (ISO).
