About the MultiCapital Scorecard™
The MultiCapital Scorecard (MCS) is an open-source management tool that organizations can use to measure, manage and report their performance in a fully integrated (Triple Bottom Line) way. In principle, the MCS is based on the idea that performance is best understood in terms of what an organization’s impacts are on vital capitals relative to organization-specific norms or standards for what they must be in order to be sustainable. Managing performance, therefore, boils down to managing impacts on vital capitals.
The basic theory of performance behind the MCS is that in order to perform well, an organization must not put either the sufficiency of vital capitals or the well-being of stakeholders who depend on them at risk. In the case of internal economic/financial capitals, for example, the relevant norms or standards might include sector-specific targets for not-less-than returns on equity (lower limits); for human, social/relationship or constructed capitals, they might take the form of not-less-than levels of maintenance (again, lower limits); for natural capitals, they will typically consist of not-more-than levels of consumption or degradation (upper limits). And because performance also depends on both local and global circumstances that will almost always vary by organization, the MCS is context-based.
Indeed, the MCS is the world’s first and only context-based integrated measurement, management and reporting system that makes it possible to assess performance across all aspects of the Triple Bottom Line in terms of impacts on vital capitals. It is the only system extant, that is, that can help answer the questions all organizations should be asking themselves: How much is enough? and Are we sustainable?