MultiCapital Scorecard

= "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)