Current State of Human Development and Human Capital Reporting Practices in Bangladesh towards Sustainability

Abstract

Globally, human development and capital reporting are recognized as crucial elements for achieving overall sustainability. Bangladesh has the opportunity to transform its existing manpower into valuable human resources through effective development and recognize them as human capital. Thus, the objective of the study is to assess the current state of human development and capital reporting practices in Bangladesh to achieve sustainability. 36 banking companies, 7 ceramic companies, and 5 cement companies listed on the Dhaka Stock Exchange (DSE) in Bangladesh constituted the sample for this study. We conducted a thorough content and thematic analysis of the annual reports at each firm. We used a predefined index specifically designed for measuring human development and capital reporting. Findings revealed that, among the industries, the banking sectors have made significant progress in human development and capital reporting over the cement and ceramic industries. In Bangladesh, there is a significant deficiency in reporting on human capital, including a lack of details regarding the financial worth. Moreover, this study provides a model for implementing effective strategies in human development and capital reporting to achieve overall organizational sustainability. It will contribute to a transformation of the organization’s perspectives on human development and capital reporting to achieve sustainability.