Conscious Capitalism
A Financial Times Article, Companies must include environmental and social performance measures, discusses the notion of "impact weighted accounts" or impact reporting or integrated reporting or sustainability reporting or triple bottom line.
Essentially, "performance" is redefined from short-term financial performance such as quarterly earnings to performance which includes long-term and societal considerations such as providing good jobs, paying responsible tax, finding innovative ways to solve pressing issues such as climate change, and producing products that truly benefit customers.
Many different organizations are working on this idea including SOPACT, SASB, GRI, HBS, The Reporting Exchange to name a few.
Clearly this information should be reported in machine-readable form such as XBRL.
Charlie
in Digital Financial Reporting
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