TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2024-10-31 Page is: DBtxt003.php L07-00-Navigation

True Value Metrics
METRICS FOR MANAGEMENT & ACCOUNTABILITY
DECISION SUPPORT TO MAKE THE WORLD A BETTER PLACE

True Value Index of Progress and Performance (TVXPP)	SOCIAL IMPACT Index of Social Progress and Performance	ENVIRONMENTAL IMPACT Index of Environmental Progress and Performance	ECONOMIC IMPACT Index of Economic Progress and Performance
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Optimization should be for ALL the CAPITALS. Financial wealth has little importance in the bigger scheme of things! Top priority is people and quality of life.	SOCIAL CAPITAL EVERYTHING TO DO WITH PEOPLE A better world has PEOPLE at the center, and in every aspect of the system's operation.	NATURAL CAPITAL SUSTAINABLE NATURE Everything depends on the health of the natural world ... everything	ECONOMIC CAPITAL OPERATIONAL AND FINANCIAL WEALTH is yesterday's metric ... and no longer fit for purpose. Add social and environmental impacts!
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IMPACT comes from ACTIVITIES ACTIVITIES are enabled by ACTORS ACTORS must be ACCOUNTABLE	SOCIAL IMPACT ESSENTIAL NEEDS OF PEOPLE PEOPLE AS CONSUMERS PEOPLE AS CONTRIBUTORS Everything to do with improving the Quality of Life for everyone	ENVIRONMENTAL IMPACT NATURAL RESOURCE USE ATMOSPHERIC DEGRADATION BIOLOGICAL DEGRADATION LAND & WATER DEGRADATION Everything depends on the health of the natural world ... everything.	ECONOMIC IMPACT PHYSICAL ECONOMY FINANCIAL ECONOMY INTANGIBLE ECONOMY
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FLOW / ACTIVITIES SECTORS / INDUSTRIES / STREAMS ACTIVITIES must be used to optimize the results in favor of PEOPLE, less so to optimize for profit.
PROCESSES PROCESSES PROCESSES are essential to a world that works, but performance is related to the impacts on everything. Some PROCESSES are essential to a sustainable world, but not profitable in a conventional sense. Others are profitable, but unsustainable.
SECTORS / INDUSTRIES SECTORS / INDUSTRIES In depth performance improvement can be achieved with singular focus on a sector and specific industry.
STREAMS / STRANDS / STRINGS STREAMS / STRANDS / STRINGS Even more performance improvement may be achieved when all the life cycle impacts are taken into consideration.
PRODUCTS EVERY PRODUCT PRODUCTS are the link between consumer and producer, but also between social, economic and environmental capitals PRODUCTS are the things people need to live, but also the cause of nature's degradation.
PLACES PLACES PLACE is where PEOPLE live their lives. It is also where nature generates and regenerates essential value PLACE is where people live their lives and everything comes together.
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FLOW / ACTORS ACTORS PEOPLE ORGANIZATIONS ACTORS are where there needs to be accountability. This is where decisions are made.	INVESTORS / OWNERS	EVERYONE ELSE
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		PROCESSES PROCESSES
	PRODUCTS STUFF CONSUMPTION		PEOPLE QUALITY OF LIFE
			The management priority should be for everyone to get a better life AND doing the least damage to nature.
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NATURE SOURCE of all VALUE	ECONOMY MONEY LIQUIDITY	PLACE COMMUNITIES COUNTRIES	TVM METRICS ABOUT
The degradation of natural systems is an existential threat for the human race.	Management has been applied for economic benefit with amazing results.		True Value Metrics is an initiative to improve the way the world is managed.
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