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WHY society needs better metrics ... because the complex modern global socio-enviro-economic system is not achieving sustainable results. The data are clear that the singular focus on profit for the corporation and wealth for owners is not giving a good result for most people nor the environment. Better metrics will be a start to solving this problem of systemic dysfunction.
Multi Dimension Impact Accounting (MDIA) is a framework of metrics that starts off with conventional money based double entry accounting and brings in all the important things that impact society (people) and the environment (planet). MDIA has multiple perspectives rather than simply having a business focus. People matter and environment matters just as much, if not more than business and profit. As Peter Drucker said, you manage what you measure!