MultiCapital Scorecard: Difference between revisions
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'''= "The MCS is the world’s first and only context-based triple bottom line accounting system and is specifically adaptable to the reporting requirements of Benefit Corporation Statutes in the U.S. and elsewhere".''' [http://www.sustainableorganizations.org/] | '''= "The MCS is the world’s first and only context-based triple bottom line accounting system and is specifically adaptable to the reporting requirements of Benefit Corporation Statutes in the U.S. and elsewhere".''' [http://www.sustainableorganizations.org/] | ||
=Description= | |||
Mark W. McElroy: | |||
• A context-based approach to TBL measurement | |||
and reporting (defines company-specific standards | |||
of performance on a bottom-up basis) | |||
• A three-step process: | |||
1. Scoping and Materiality – Identify duties and | |||
obligations for what an organization’s impacts on vital | |||
capitals must be in order to be sustainable; results in | |||
identification of related Areas of Impact (AOIs) | |||
2. AOI Development – Define company-specific goals and | |||
standards of performance for each AOI, context-based | |||
metrics and associated data collection protocols | |||
3. Scorecard Implementation – Operationalize Scorecard | |||
in order to measure, manage and report performance " | |||
(http://www.sustainableorganizations.org/Multiple_Capital_Accounting.pdf) | |||
[[Category:P2P Accounting]] | [[Category:P2P Accounting]] | ||
Revision as of 05:59, 15 January 2018
= "The MCS is the world’s first and only context-based triple bottom line accounting system and is specifically adaptable to the reporting requirements of Benefit Corporation Statutes in the U.S. and elsewhere". [1]
Description
Mark W. McElroy:
• A context-based approach to TBL measurement and reporting (defines company-specific standards of performance on a bottom-up basis)
• A three-step process:
1. Scoping and Materiality – Identify duties and obligations for what an organization’s impacts on vital capitals must be in order to be sustainable; results in identification of related Areas of Impact (AOIs)
2. AOI Development – Define company-specific goals and standards of performance for each AOI, context-based metrics and associated data collection protocols
3. Scorecard Implementation – Operationalize Scorecard in order to measure, manage and report performance "
(http://www.sustainableorganizations.org/Multiple_Capital_Accounting.pdf)