New Metrics
The new and evolving metrics that are helping expand the way businesses create, quantify, manage and report their impacts, and the value they deliver.
First-of-Its-Kind Methodology Provides Standard for Measuring Food Waste Across Hotel Chains
Accor, Hilton, Hyatt, IHG Hotels & Resorts, and Marriott International collaborated with WWF and Greenview on the industry-wide waste-measurement methodology.
Landmark Review Calls for Nature to Be at the Center of Economic Decision-Making
Cross-Posted from Finance & Investment. The UK Government commissioned an independent, global Review on the Economics of Biodiversity in Spring 2019. The report urges policymakers to start valuing ecosystems and says GDP encourages unsustainable growth.
Trending: Welcome to the Age of Stakeholder Capitalism
Cross-Posted from Finance & Investment. Two global coalitions have committed to make good on their companies’ DEI commitments; and adhere to a new set of Stakeholder Capitalism Metrics, respectively. Larry Fink’s annual CEO letter expounds on the need for both.
New Guidelines, 2020 Brand Audit Aim to Finally Move the Needle on Corporate Plastic Stewardship
Cross-Posted from Waste Not. Since scientists first raised the alarm about plastic pollution in the environment, brands have been slow to respond. Will the 2020 Brand Audit and new plastic-stewardship guidelines help accelerate an overdue shift away from single-use plastic?
Global Banks Launch Industry Standard for Measuring, Reporting Financed Emissions
Cross-Posted from Finance & Investment. The industry-led Partnership for Carbon Accounting Financials' new methodology enables banks to measure and disclose the emissions associated with their financed activities.
Ford’s Model of Human Progress Defines, Measures Social Sustainability
A clear definition of corporate social sustainability — the ‘S’ in ESG — remains elusive. To address this challenge, Ford partnered with the University of Michigan’s Erb Institute to define social sustainability and identify metrics to track improvements.
Incomplete Risk Formulas Are Risky Business
Even a broken clock is right twice a day. But standard formulas for calculating risk leave out critical factors — such as vulnerability and submerged risks — that would more holistically and accurately assess risk. A new model addresses this.
Doconomy's 2030 Calculator Democratizes Product Carbon Footprint Labeling
Swedish impact-tech startup Doconomy has launched a new, free tool that enables fast and reliable product carbon footprint calculations for brands and manufacturers.
Implementers, Catalysts and This Moment in History
Cross-Posted from Leadership. "If you’re going to do something great, why not spread it around? Why not be a catalyst and amplify the impact exponentially?" — Daniel Aronson
Your SDG Strategy Must Consider More Than Your Financials
The Sustainable Development Goals serve as an urgent call to action for companies to pay as much attention to their extra-financial performance as to their financial performance.
Transforming Corporate Finance, Accounting, Decision Making and Reporting through ESG Innovation
Cross-Posted from Press Release. Sustainable Brands and SOCAP Global Announce Strategic Partnership to accelerate ESG innovation through CFO
Report Outlines Critical Actions for Beauty Brands to Sustainably ‘Make Up the Future’
Cross-Posted from Chemistry, Materials & Packaging. A new report published this week by sustainability consulting group Quantis maps the urgent actions that cosmetics and personal care brands must address to achieve sustainability in today’s fast-changing world.
Unilever Marks Sustainable Living Plan’s 10th Year; New ‘Compass’ to Guide Further Progress
Cross-Posted from Leadership. In 10th and final year of the company’s Sustainable Living Plan, CEO Alan Jope reinforces commitment to sustainability leadership; calls for renewed action to tackle social inequality and the climate crisis in post-COVID world.
New, Standardized Guidelines Measure Plastic Leakage Across Corporate Value Chains
Developed for companies, the PLP guidelines provide businesses at all stages of the value chain with a robust, standardized method for calculating and reporting estimates of plastic and microplastic leakage at both the corporate and product level.
Next-Gen Impact Measurement Tools a Needed Boost for Companies to Achieve BHAGs
“Sustainability” is so last year. This week at New Metrics ’19, we explored the growing range of tools and tricks needed to keep up with demand for next-level goals such as plastic-neutrality, 100% circularity and properly quantified social and product impacts.
Leading-Edge Stakeholder-Engagement Metrics Reshaping Companies’ Definitions, Benchmarks for Success
On day 1 of New Metrics ’19, representatives from corporates, nonprofits and more explored new ways to quantify the impacts of various forms of stakeholder engagement — from communities to consumers to employees.
Life Cycle Analysis: Revealing the Unexpected Truth About Product Impacts
Typically, the stages in a product’s life cycle that have the greatest environmental effects also are the ones that present the best opportunity for sustainable innovation. If sustainability is part of the innovation process, then LCA should be conducted to ensure the avoidance of unintended consequences.
Quantifying Sustainability Impacts and Setting Meaningful Goals
No longer is sustainability synonymous with reducing GHGs — dozens of social, environmental and economic indicators must now be considered. The question remains: What is the best method for quantifying and reporting sustainability impacts?
5 Important New Frontiers of Social Impact Measurement
Within the evolution of risk and impact measurement, we are seeing growing demand for proven methodologies and best practices around quantifying social impact — here is a sample of five important frontiers of social impact measurement, each of which will have its own session at New Metrics ’19.
Transformational Goals in Corporate Strategy: A Review of the ESG Goals of 50 Global Companies
Transformational ESG goals seek to make changes across companies’ entire value chain and even society. But in a recent review of 50 of the Fortune 250 companies, incremental ESG goals are still the norm.
