MultiCapital Scorecard: Difference between revisions
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3. Scorecard Implementation – Operationalize Scorecard | 3. Scorecard Implementation – Operationalize Scorecard | ||
in order to measure, manage and report performance " | in order to measure, manage and report performance " | ||
=More information= | |||
* [[Context-Based Sustainability]] | |||
(http://www.sustainableorganizations.org/Multiple_Capital_Accounting.pdf) | (http://www.sustainableorganizations.org/Multiple_Capital_Accounting.pdf) | ||
[[Category:P2P Accounting]] | [[Category:P2P Accounting]] | ||
[[Category:Ecology]] | |||
[[Category:Sustainable Manufacturing]] | |||
[[Category:Thermodynamic Efficiencies]] | |||
Revision as of 06:00, 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 "
More information
(http://www.sustainableorganizations.org/Multiple_Capital_Accounting.pdf)