Sustainability Context

= "a performance accounting principle that calls for the specification of organization-specific standards of performance as a precursor to measurement and reporting".

URL = http://www.sustycontext.org/about/

Description

Bill Baue et al:

"Building on the definition of the Sustainability Context principle first put forward by GRI in 2002, we (the SustyContextGroup) have expanded the idea as follows:

Sustainability Context (SC) is a performance accounting principle that calls for the specification of organization-specific standards of performance as a precursor to measurement and reporting.

According to the principle, SC must take into account

(1) whom an organization’s stakeholders are,

(2) the duties and obligations it owes to them to manage its impacts on vital capitals in ways that can affect their well-being,

(3) the carrying capacities of the capitals involved, and

(4) its fair, just and proportionate shares of the carrying capacities and/or burdens to maintain them.

Not only is this a backwards-compatible version of the concept relative to the GRI definition, it is also one that we believe is more fully evolved and executable in practice." (http://www.sustycontext.org/about/)