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.
New Metrics for a New Economy: Restore the Earth's EcoMetrics Model
The New Economy has begun. One year into a world where global leaders have agreed to act on 17 concrete Sustainable Development Goals, and where the full force of law is now behind the international agreement on climate change, we are speeding toward a bright future for business that creates value for people, the planet, and the economy.
With King IV, Multicapitalism Goes Mainstream
Last week, the Institute of Directors South Africa (IoDSA) released the King IV Report on Corporate Governance, the long-awaited update to King III, published in 2009
HBR's Top Performing CEOs: Financial Results and Sustainability — A Complex Relationship
The Harvard Business Review (HBR) recently published its 2016 list of the world’s top 100 CEOs. As in the past, HBR’s staff looked at the financial and ESG (environment, social, governance) performance of the CEOs of 1,200 large companies. They used a measure of financial performance developed by a team of Harvard academics for 80 percent of their score. The remaining 20 percent came from averaging two overall measures of corporate sustainability performance, including CSRHub.
Planetary Boundaries and Social Thresholds – The Importance of Geography
As the 22nd Conference of the Parties (COP22) of the UN Framework Convention on Climate Change (UNFCCC) kicks off in Marrakech, Morocco – one year on from the historic climate agreement in Paris, and 22 years after the first conference in Berlin – it marks the latest attempt to ensure we live within our planetary boundaries for climate change.
Activate Your Metrics: Lessons from Leaders on Leveraging Environmental Data for Sustainability
During this brief but extremely informative breakfast session on the final morning of SB’16 Copenhagen, representatives from Quantis International revealed how they have leveraged their expertise in extracting environmental data to activate metrics for solid sustainability strategy, engagement and communications.
GRI Launches World’s First Global Standards for Sustainability Reporting
The Global Reporting Initiative (GRI) released new global sustainability reporting standards, which it says will enhance corporate transparency worldwide. The standards give companies a common language for disclosing non-financial information, and will help firms “make better decisions” and contribute to the United Nations’ Sustainable Development Goals (SDGs, or Global Goals).
Navigating a Sea of Sustainability Tools Doesn’t Have to Be So Hard
Frontier Co-Op has always been a recognized leader in sustainability, and it remains an industry leader given its cooperative governance structure, organic and fair trade products, commitment to give back 1%, and Well Earth program for supplier development.
SDGs Becoming More Prominent in Sustainability Reporting, But Challenges Remain
One year after the launch of the Sustainable Development Goals (SDGs, or Global Goals), the World Business Council for Sustainable Development (WBCSD) proudly announced that nearly a third of its members are communicating on the SDGs, just as United Nations (UN) officials called for more integration of the Goals into corporate sustainability reporting at an annual meeting in Geneva.
Practice What You Preach Can Now Be Measured
There’s a new wave of research that is measuring whether companies’ purpose matches their actions. What it’s found my not be surprising: Globally, there is a purpose-action gap among corporate brands. “It’s time to move from thought leadership to action leadership,” said Charlotte West, director at Business in the Community, a responsible business network in the UK. “We can genuinely make the world a better place by practically embedding purpose in our brands. And a good, resilient purpose should have sustainability at its heart.”
Where Does Your Brand Fall on the Sustainability Maturity Scale?
“For many organizations, the largest challenge is to implement sustainable initiatives.” So stated Daniela Pigosso, co-founder of management consultant firm Essensus, as we began one of the first round of workshops at SB’16 Copenhagen. For the next three hours we learned and discussed how to develop a structured approach to sustainability. It’s Monday morning, and the crowd is smiling. Everyone seemed ready for some serious learning.
How Becoming Future-Fit Is Helping The Body Shop in Its Quest for 'True Sustainability'
“I think we have to be challenging to each other. If we look at the state of the planet, and we look at the performance of business, there’s something not working there.” Chris Davis, The Body Shop’s international CSR and campaigns director, isn’t afraid to cut to the chase. The company’s Enrich not Exploit commitment, launched earlier this year, is a quest to deliver what Davis calls “true sustainability” – in simple terms, it means putting the needs of the planet before corporate interests.
5 Commonly Missed Opportunities in Corporate Sustainability
Sustainability has finally gone mainstream (or, at least, the desire to be seen as doing important work around sustainability and benefit from sustainability credentials has gone mainstream). Well, OK, at the very, very least the desire to be seen as having great sustainability programs is mainstreaming among large multinationals and a growing wave of environmentally or socially minded startups.
Setting the Bar High Enough, Part 5: Why Setting Science-Based Targets Isn't Enough
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the fifth and final part of the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 4: Making the Internal Business Case for Science-Based Targets
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the fourth in the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 3: Why Should Companies Set Science-Based Targets?
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. This is the third in the series; find the other parts here: Part 1: Why do we need to set science-based targets on climate change? Part 2: What exactly is a science-based target?
Setting the Bar High Enough, Part 2: What Exactly Is a Science-Based Target?
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change. Read part one. To put it simply, a carbon emissions target is defined as science-based if it is in line with the scale of reductions required to keep global temperature increase below 2°C compared to pre-industrial temperatures.
Setting the Bar High Enough: The Case for Science-Based Targets on Climate Change
In this series of articles, the team at the Carbon Trust outlines the reasons for businesses to adopt science-based targets on climate change.
CISL Reveals Insights from Testing Natural Capital Protocol, Launches Protocol Application Program
With increasing pressure on natural resources and the accompanying impact on the environment, more businesses are beginning to realize the importance of properly valuing the natural resources upon which they depend. To do this they need to include ‘natural capital’ in their decision-making processes alongside other forms of capital, such as financial and human capital. The challenge for companies is a lack of data, tools and processes to facilitate business decision making in a rigorous and consistent way.
Natural Capital Protocol Promises to ‘Revolutionize’ Business Value, Decision-Making
Two years in the making, the first global Natural Capital Protocol was launched today. The standardized framework brings together and builds on a number of approaches that already exist to help business measure and value natural capital. The Natural Capital Coalition suggests that by harmonizing these existing approaches, businesses everywhere can benefit from understanding their relationships with nature.
It Is Time to Develop and Apply a Set of Standardized Sustainability Metrics
Efforts to measure corporate sustainability performance are now rampant. Many companies are actively working to improve the measurement of their sustainability impact; a Google search of “corporate sustainability metrics” yields 1.25 million results. Unfortunately, it is still unclear how corporate sustainability performance should be measured. A set of standardized metrics is needed to improve sustainability measurement and reporting.
