This document proposes a system called Multi-Dimension Impact Accounting (MDIA) to measure corporate impacts on people, society, and the environment, similar to how traditional accounting measures financial impacts. MDIA would create consistent metrics to account for positive and negative externalities across human capital, manufactured capital, and natural capital. It would integrate these impact accounts with financial accounts to provide a more comprehensive view of business performance over time. The document outlines initial ideas for the data architecture and reporting framework to implement MDIA and standardize impact measurement. Feedback is requested to further develop the concepts.
SIZE MATTERS 4 ... PERSPECTIVES
A workshop at MIT to link mathematics with the realities of a very complex global integrated socio-enviro-economic system that has been very badly served by money as a metric and a dangerously simplified financial system.
This document provides an overview of Multi Dimension Impact Accounting (MDIA), which aims to develop a framework to account for the impacts of economic activity across multiple dimensions or perspectives, beyond just financial metrics. It discusses the need to consider perspectives beyond just the organization, such as people, processes, products, and place. It also outlines how MDIA would integrate impact accounting into the existing framework of financial accounting to provide a more holistic view of the impacts of economic activity on financial, human, natural, and built capital.
TVA p3 01 The Global SOCIO ENVIRO ECONOMIC SystemPeter Burgess
The Global SOCIO-ENVIRO-ECONOMIC System is a complex system and a significant challenge to manage in an appropriate way. While there has been progress in improving quality of life for some people using the metrics of money, it has been done at the expense of some segments of society and at a huge cost to the environment , neither of which are part of the money metrics framework.
Productivity improvement has been one of the keys to improved quality of life over the past 200 years. Structural changes in production processes as labor use declines and energy and equipment use increases are having major impacts on society (PEOPLE) and the environment (PLANET) while making it possible to improve PROFIT. With money metrics most productivity improvement benefits profit without commensurate improvement in people and environmental benefit.
This document discusses productivity and the need for multi-dimensional impact accounting. It notes that while productivity has increased through technology, this has largely benefited owners through higher profits rather than workers through higher wages. Traditional metrics of productivity and economic performance fail to capture impacts on society and the environment. The document argues that new accounting frameworks are needed to measure broader impacts and guide decisions toward improving quality of life while reducing environmental degradation. Feedback is sought to advance initiatives developing comprehensive multi-dimensional metrics.
TVA p3 00 CONCENTRATION OF ECONOMIC POWER Peter Burgess
Concentration ... becoming bigger ... is a widely adopted policy to achieve more corporate profit and increase stock value. But while the impact on profit is good, the impact of concentration on society and the environment is not. Concentration results in less competition and while the big company gains, the consumer loses. Monopoly and oligopoly are the antithesis of efficient markets.
This document introduces the concept of multi-dimensional impact accounting (MDIA) to track impacts across the socio-enviro-economic system, comprised of people, the environment, and man-built capital. MDIA aims to develop metrics that optimize progress for all system segments by considering externalities beyond just financial performance. The document outlines the system's components and their interrelationships over time, arguing current trajectories will lead to disaster unless a balanced approach prioritizing people, efficient infrastructure, and planetary health is adopted. MDIA builds on accounting concepts to measure system state, progress, and performance across dimensions.
The document discusses the need for multi-dimensional impact accounting (MDIA) to measure the impacts of economic activities from different perspectives, including people, organizations, products, and places. It outlines that MDIA would account for positive and negative externalities not captured by traditional financial accounting. MDIA uses a framework of measuring the state at the beginning and end of a period, along with the flows and activities that caused changes in state across people, planet and profit dimensions. This allows impacts to be measured from various stakeholder perspectives.
SIZE MATTERS 4 ... PERSPECTIVES
A workshop at MIT to link mathematics with the realities of a very complex global integrated socio-enviro-economic system that has been very badly served by money as a metric and a dangerously simplified financial system.
This document provides an overview of Multi Dimension Impact Accounting (MDIA), which aims to develop a framework to account for the impacts of economic activity across multiple dimensions or perspectives, beyond just financial metrics. It discusses the need to consider perspectives beyond just the organization, such as people, processes, products, and place. It also outlines how MDIA would integrate impact accounting into the existing framework of financial accounting to provide a more holistic view of the impacts of economic activity on financial, human, natural, and built capital.
TVA p3 01 The Global SOCIO ENVIRO ECONOMIC SystemPeter Burgess
The Global SOCIO-ENVIRO-ECONOMIC System is a complex system and a significant challenge to manage in an appropriate way. While there has been progress in improving quality of life for some people using the metrics of money, it has been done at the expense of some segments of society and at a huge cost to the environment , neither of which are part of the money metrics framework.
Productivity improvement has been one of the keys to improved quality of life over the past 200 years. Structural changes in production processes as labor use declines and energy and equipment use increases are having major impacts on society (PEOPLE) and the environment (PLANET) while making it possible to improve PROFIT. With money metrics most productivity improvement benefits profit without commensurate improvement in people and environmental benefit.
This document discusses productivity and the need for multi-dimensional impact accounting. It notes that while productivity has increased through technology, this has largely benefited owners through higher profits rather than workers through higher wages. Traditional metrics of productivity and economic performance fail to capture impacts on society and the environment. The document argues that new accounting frameworks are needed to measure broader impacts and guide decisions toward improving quality of life while reducing environmental degradation. Feedback is sought to advance initiatives developing comprehensive multi-dimensional metrics.
TVA p3 00 CONCENTRATION OF ECONOMIC POWER Peter Burgess
Concentration ... becoming bigger ... is a widely adopted policy to achieve more corporate profit and increase stock value. But while the impact on profit is good, the impact of concentration on society and the environment is not. Concentration results in less competition and while the big company gains, the consumer loses. Monopoly and oligopoly are the antithesis of efficient markets.
This document introduces the concept of multi-dimensional impact accounting (MDIA) to track impacts across the socio-enviro-economic system, comprised of people, the environment, and man-built capital. MDIA aims to develop metrics that optimize progress for all system segments by considering externalities beyond just financial performance. The document outlines the system's components and their interrelationships over time, arguing current trajectories will lead to disaster unless a balanced approach prioritizing people, efficient infrastructure, and planetary health is adopted. MDIA builds on accounting concepts to measure system state, progress, and performance across dimensions.
The document discusses the need for multi-dimensional impact accounting (MDIA) to measure the impacts of economic activities from different perspectives, including people, organizations, products, and places. It outlines that MDIA would account for positive and negative externalities not captured by traditional financial accounting. MDIA uses a framework of measuring the state at the beginning and end of a period, along with the flows and activities that caused changes in state across people, planet and profit dimensions. This allows impacts to be measured from various stakeholder perspectives.
The document discusses the goal of developing a system called Multi Dimension Impact Accounting (MDIA) to measure corporate impacts on people and the environment as rigorously as traditional accounting measures financial impacts. MDIA would create standardized metrics to account for impacts on human capital/well-being, natural/environmental capital, and man-made/economic capital. It would extend double-entry accounting principles to track changes in these different types of capital over time and help manage companies' total impacts. The document outlines how MDIA would establish a comprehensive data architecture and standardized values to incorporate diverse scientific data on impacts.
The document discusses multi-dimensional impact accounting (MDIA), which aims to provide a comprehensive accounting framework that considers impacts on people, planet and profit from multiple perspectives. It notes that traditional accounting only considers monetary impacts from the organizational perspective. MDIA incorporates perspectives of people, organizations, products and place. It proposes a framework where every economic activity can be recorded as an initial state, the flows/processes that change the state, and the resulting new state, to comprehensively account for social, environmental and economic impacts.
The document discusses the concept of multi-dimensional impact accounting and the central role of process. It notes that process uses various inputs and produces products, and determines efficiency and impact on people and the planet. Process occurs throughout supply chains and within organizations. Accounting needs to consider both the financial and impact dimensions to fully account for the effects of economic activity on society and the environment.
TVA ... True Value Accounting ... takes into consideration the impact of everything in the supply chain. TVA helps to change the decision dynamic in the supply chain so that social and environmental impact is taken into consideration as well as simply price and profit. Modern consumers are increasingly become aware of the negative externalities that are associated with products, and companies will be well advised to take note.
True Value Accounting for Multi Dimension Management is an initiative to make it possible to use better metrics so that we have better outcomes for both people and the environment. The initiative is built on top of the methods traditionally associated with conventional double entry accountancy, but applied to everything that makes up the complex ubiquitous socio-enviro-economic system. We have amazing possibilities, but as long as money and greed are the dominant incentive with nothing else of importance being measured, it should be no surprise that the world is suffering from an accelerating race to the bottom. This can be changed, and one of the tools for this should be better metrics along the lines being described by TrueValueMetrics.org. Peter Drucker famously said: 'You manage what you measure', but it is also important to measure the things that matter.
Process is at the center of performance and efficiency. In the past efficiency has been all about lower costs and more profit, but in the future optimization of performance will require equal consideration to be given to impact on society (people) and impact on environment (planet). Making this happen requires significant rethinking of the metrics so that impact is quantified in a similar way that all the money profit transactions are quantified.
True Value Accounting for Multi Dimension Management is an initiative to make it possible to use better metrics so that we have better outcomes for both people and the environment. The initiative is built on top of the methods traditionally associated with conventional double entry accountancy, but applied to everything that makes up the complex ubiquitous socio-enviro-economic system. We have amazing possibilities, but as long as money and greed are the dominant incentive with nothing else of importance being measured, it should be no surprise that the world is suffering from an accelerating race to the bottom. This can be changed, and one of the tools for this should be better metrics along the lines being described by TrueValueMetrics.org. Peter Drucker famously said: 'You manage what you measure', but it is also important to measure the things that matter.
The document discusses the need for multi-dimensional impact accounting that considers all factors affecting socio-economic and environmental performance, not just financial metrics. It notes that current accounting focuses only on monetary transactions within the reporting entity and ignores external impacts. A new framework is needed that uses consistent measures for all capital impacts - financial, human, manufactured, and natural - to better manage performance across the entire system.
PHYSICAL CAPITAL is a component of MAN BUILT CAPITAL and an important factor in the prosperity enjoyed by many in the modern world. It is the lack of physical capital (infrastructure) that contributes to endemic poverty in much of the world caused not so much by a lack of technology but by the management dysfunction that constrains the modern socio-enviro-economic system.
This document discusses place and how everything happens in a place. It defines place as different geographic locations from the planet to individual communities. Place is where people live, work, and conduct economic activity. Place reflects all dimensions of the socio-economic-environmental system and is a good unit to measure progress and performance since it has permanence. The state of a place is an aggregation of the people, activities, impacts, and capital (financial, human, natural, man-built) within the place over time.
MAN BUILT CAPITAL comprises a whole range of things that mankind has developed over the years to make life better. The growth of knowledge over the past few hundred years has been remarkable, and this knowledge has been applied in all sorts of ways to improve quality of life. At the same time the amazing technology that has been created has also been used to do intentional damage. In addition the application of technology has also results in unintentional damage to the environment upon which everything depends.
Productivity which helps to make products available also results in unemployment and underemployment ... something not measured when business profits are computed and reported.
Society will be better off when there are better metrics that take into account not only the profit of the organization, but also the impacts on people and planet.
MDIA p3-04-11-HUMAN CAPITAL ... PEOPLE Peter Burgess
Quality of Life for PEOPLE is at the primary PURPOSE of economic activity. The operation of everything is a means to this end. Conventional metrics do not give incentive to this purpose by divert resources and effort to the secondary purpose of business profit and financial wealth.
The religious or spiritual dimension of life is a part of quality of life. Human beings seem to have had a need for this as far back as we have history.People seem to have the need for something more than material things. People need a framework to explain things that otherwise cannot be explained. Religion can be a great comfort, especially in times of stress. Religion can be a great guide.
The document discusses multi-dimensional impact accounting (MDIA) for education. It notes that while education is important, the current system of education is problematic as some education is excellent while some is appalling. Financial accounting alone does not adequately measure educational performance as it only considers economic activity and ignores impacts on other factors. MDIA aims to account for impacts across different types of capital including financial, human, manufactured, and natural.
TVA p3-01 CORE CONCEPTS for TRUE VALUE ACCOUNTINGPeter Burgess
True Value Accounting is based on CORE CONCEPTS from conventional money profit double entry accounting as well as from engineering thermodynamics, control theory and various scientific disciplines. Double entry accounting provides a powerful framework to account for impact on society (people) and environment (planet) as well as for the conventional money profit dimension of economics. When we start to number important things like quality of life and degradation of the environment as rigorously as we number everything that is in the money profit space, there will be significantly better performance and we will start to optimize for everything in the soci-enviro-economic system
Natural Capital is the foundation for everything. For most of human history, the population has been relatively small and man made activities insignificant relative to the size of the planet and its natural capital. This is not so any more and everything about natural capital is now stressed and out of its natural equilibrium. This has to change in a significant way. Merely reducing the growth of stress is not enough. Substantial remediation efforts need to be made as well.
TVA p3 00 WHY SOCIETY NEEDS BETTER METRICS 151005Peter Burgess
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!
There are thousands of different issues that need to be addressed, not just a few big high profile issues. The solution to a better world is addressing thousands of small issues so that the big problems resolve themselves. Better metrics are needed so that everyone can do their bit in making the world a better place.
Money is the dominant metric in the modern economy. Many important things are valued using the money measure, even though money is a dangerously flawed metric. Something better is needed in ofrder for the socio-enviro-economic system we inhabit to be successful and sustainable. Money should be complemented by other metrics that are better for people and planet.
This document outlines Peter Burgess's perspective on multi-dimensional impact accounting. It discusses the need to consider impacts on people, planet and profit when measuring organizational performance, rather than just focusing on financial metrics. Currently, accounting ignores externalities and effects outside the reporting boundary. The document proposes a framework that accounts for both positive and negative impacts on all elements of the socio-environmental-economic system, using measures beyond just money, to properly capture an organization's total performance and progress over time.
The document discusses the multi-dimensional impacts of the textiles industry from raw cotton to finished garments. It notes that cotton is usually grown on irrigated plantations requiring a lot of water. The finishing process for textiles uses dyes and chemicals and a lot of water, with potential for toxic wastewater. Workplace safety has been a concern, especially in Bangladesh following some factory fires. The logistics of transportation also impact the environment and communities. The document calls for collaboration to improve the socio-environmental performance of the textiles industry and its complex global supply chain.
Carbon and the carbon cycle is a part of the natural system that is the foundation for life on planet earth. Activities that involve use of fossil energy add the the flow of carbon in the form of carbon dioxide into the atmosphere, and this in turn changes the physical characteristics of the atmosphere so that more heat from the sun is trapped and in turn heats the planet.
The document discusses the goal of developing a system called Multi Dimension Impact Accounting (MDIA) to measure corporate impacts on people and the environment as rigorously as traditional accounting measures financial impacts. MDIA would create standardized metrics to account for impacts on human capital/well-being, natural/environmental capital, and man-made/economic capital. It would extend double-entry accounting principles to track changes in these different types of capital over time and help manage companies' total impacts. The document outlines how MDIA would establish a comprehensive data architecture and standardized values to incorporate diverse scientific data on impacts.
The document discusses multi-dimensional impact accounting (MDIA), which aims to provide a comprehensive accounting framework that considers impacts on people, planet and profit from multiple perspectives. It notes that traditional accounting only considers monetary impacts from the organizational perspective. MDIA incorporates perspectives of people, organizations, products and place. It proposes a framework where every economic activity can be recorded as an initial state, the flows/processes that change the state, and the resulting new state, to comprehensively account for social, environmental and economic impacts.
The document discusses the concept of multi-dimensional impact accounting and the central role of process. It notes that process uses various inputs and produces products, and determines efficiency and impact on people and the planet. Process occurs throughout supply chains and within organizations. Accounting needs to consider both the financial and impact dimensions to fully account for the effects of economic activity on society and the environment.
TVA ... True Value Accounting ... takes into consideration the impact of everything in the supply chain. TVA helps to change the decision dynamic in the supply chain so that social and environmental impact is taken into consideration as well as simply price and profit. Modern consumers are increasingly become aware of the negative externalities that are associated with products, and companies will be well advised to take note.
True Value Accounting for Multi Dimension Management is an initiative to make it possible to use better metrics so that we have better outcomes for both people and the environment. The initiative is built on top of the methods traditionally associated with conventional double entry accountancy, but applied to everything that makes up the complex ubiquitous socio-enviro-economic system. We have amazing possibilities, but as long as money and greed are the dominant incentive with nothing else of importance being measured, it should be no surprise that the world is suffering from an accelerating race to the bottom. This can be changed, and one of the tools for this should be better metrics along the lines being described by TrueValueMetrics.org. Peter Drucker famously said: 'You manage what you measure', but it is also important to measure the things that matter.
Process is at the center of performance and efficiency. In the past efficiency has been all about lower costs and more profit, but in the future optimization of performance will require equal consideration to be given to impact on society (people) and impact on environment (planet). Making this happen requires significant rethinking of the metrics so that impact is quantified in a similar way that all the money profit transactions are quantified.
True Value Accounting for Multi Dimension Management is an initiative to make it possible to use better metrics so that we have better outcomes for both people and the environment. The initiative is built on top of the methods traditionally associated with conventional double entry accountancy, but applied to everything that makes up the complex ubiquitous socio-enviro-economic system. We have amazing possibilities, but as long as money and greed are the dominant incentive with nothing else of importance being measured, it should be no surprise that the world is suffering from an accelerating race to the bottom. This can be changed, and one of the tools for this should be better metrics along the lines being described by TrueValueMetrics.org. Peter Drucker famously said: 'You manage what you measure', but it is also important to measure the things that matter.
The document discusses the need for multi-dimensional impact accounting that considers all factors affecting socio-economic and environmental performance, not just financial metrics. It notes that current accounting focuses only on monetary transactions within the reporting entity and ignores external impacts. A new framework is needed that uses consistent measures for all capital impacts - financial, human, manufactured, and natural - to better manage performance across the entire system.
PHYSICAL CAPITAL is a component of MAN BUILT CAPITAL and an important factor in the prosperity enjoyed by many in the modern world. It is the lack of physical capital (infrastructure) that contributes to endemic poverty in much of the world caused not so much by a lack of technology but by the management dysfunction that constrains the modern socio-enviro-economic system.
This document discusses place and how everything happens in a place. It defines place as different geographic locations from the planet to individual communities. Place is where people live, work, and conduct economic activity. Place reflects all dimensions of the socio-economic-environmental system and is a good unit to measure progress and performance since it has permanence. The state of a place is an aggregation of the people, activities, impacts, and capital (financial, human, natural, man-built) within the place over time.
MAN BUILT CAPITAL comprises a whole range of things that mankind has developed over the years to make life better. The growth of knowledge over the past few hundred years has been remarkable, and this knowledge has been applied in all sorts of ways to improve quality of life. At the same time the amazing technology that has been created has also been used to do intentional damage. In addition the application of technology has also results in unintentional damage to the environment upon which everything depends.
Productivity which helps to make products available also results in unemployment and underemployment ... something not measured when business profits are computed and reported.
Society will be better off when there are better metrics that take into account not only the profit of the organization, but also the impacts on people and planet.
MDIA p3-04-11-HUMAN CAPITAL ... PEOPLE Peter Burgess
Quality of Life for PEOPLE is at the primary PURPOSE of economic activity. The operation of everything is a means to this end. Conventional metrics do not give incentive to this purpose by divert resources and effort to the secondary purpose of business profit and financial wealth.
The religious or spiritual dimension of life is a part of quality of life. Human beings seem to have had a need for this as far back as we have history.People seem to have the need for something more than material things. People need a framework to explain things that otherwise cannot be explained. Religion can be a great comfort, especially in times of stress. Religion can be a great guide.
The document discusses multi-dimensional impact accounting (MDIA) for education. It notes that while education is important, the current system of education is problematic as some education is excellent while some is appalling. Financial accounting alone does not adequately measure educational performance as it only considers economic activity and ignores impacts on other factors. MDIA aims to account for impacts across different types of capital including financial, human, manufactured, and natural.
TVA p3-01 CORE CONCEPTS for TRUE VALUE ACCOUNTINGPeter Burgess
True Value Accounting is based on CORE CONCEPTS from conventional money profit double entry accounting as well as from engineering thermodynamics, control theory and various scientific disciplines. Double entry accounting provides a powerful framework to account for impact on society (people) and environment (planet) as well as for the conventional money profit dimension of economics. When we start to number important things like quality of life and degradation of the environment as rigorously as we number everything that is in the money profit space, there will be significantly better performance and we will start to optimize for everything in the soci-enviro-economic system
Natural Capital is the foundation for everything. For most of human history, the population has been relatively small and man made activities insignificant relative to the size of the planet and its natural capital. This is not so any more and everything about natural capital is now stressed and out of its natural equilibrium. This has to change in a significant way. Merely reducing the growth of stress is not enough. Substantial remediation efforts need to be made as well.
TVA p3 00 WHY SOCIETY NEEDS BETTER METRICS 151005Peter Burgess
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!
There are thousands of different issues that need to be addressed, not just a few big high profile issues. The solution to a better world is addressing thousands of small issues so that the big problems resolve themselves. Better metrics are needed so that everyone can do their bit in making the world a better place.
Money is the dominant metric in the modern economy. Many important things are valued using the money measure, even though money is a dangerously flawed metric. Something better is needed in ofrder for the socio-enviro-economic system we inhabit to be successful and sustainable. Money should be complemented by other metrics that are better for people and planet.
This document outlines Peter Burgess's perspective on multi-dimensional impact accounting. It discusses the need to consider impacts on people, planet and profit when measuring organizational performance, rather than just focusing on financial metrics. Currently, accounting ignores externalities and effects outside the reporting boundary. The document proposes a framework that accounts for both positive and negative impacts on all elements of the socio-environmental-economic system, using measures beyond just money, to properly capture an organization's total performance and progress over time.
The document discusses the multi-dimensional impacts of the textiles industry from raw cotton to finished garments. It notes that cotton is usually grown on irrigated plantations requiring a lot of water. The finishing process for textiles uses dyes and chemicals and a lot of water, with potential for toxic wastewater. Workplace safety has been a concern, especially in Bangladesh following some factory fires. The logistics of transportation also impact the environment and communities. The document calls for collaboration to improve the socio-environmental performance of the textiles industry and its complex global supply chain.
Carbon and the carbon cycle is a part of the natural system that is the foundation for life on planet earth. Activities that involve use of fossil energy add the the flow of carbon in the form of carbon dioxide into the atmosphere, and this in turn changes the physical characteristics of the atmosphere so that more heat from the sun is trapped and in turn heats the planet.
Risk is not treated in a realistic manner in conventional accountancy and financial analysis. The idea that risk may be accounted for simply by multiplying the potential cost of the risk by the probability of this risk happening in a specific time period is insufficient, and does not enable policy makers to make informed decisions. Something better is needed.
Products are used by people to live their lives and are made by companies through economic activities that have impacts throughout their supply chain and after use. Accounting only considers financial impacts, but a product's full life cycle almost always has significant negative environmental and social impacts that are not accounted for, such as resource depletion and pollution. Impact accounting seeks to incorporate these externalities by tracking changes to financial, human, natural, and man-made capital in order to give a more complete picture of a product's true costs and value.
Growth is perhaps the most important metric in the modern economy, but it is a very bad measure of economic and social performance for many reasons. More does not mean better. Quality has value as well as quantity. In a shortage environment more does mean better, but that does not hold when there are endemic surpluses. A more does not mean better when there are constraints such as those that are posed by environmental issues. The system is complex and better metrics are needed in order to get the best possible results.
This document provides an overview of infrastructure from the perspective of multi-dimensional impact accounting. It defines infrastructure as part of physical capital and discusses various types of infrastructure including commercial, communications, education, energy, health, housing, industrial, religious, security, tourism, transport, water and more. Specific examples of infrastructure such as power plants, pipelines, schools, hospitals, ports and bridges are also presented. The document concludes with thoughts on underinvestment in infrastructure and how financing and employment of youth could help upgrade infrastructure globally.
TVA p3 0 SUSTAINABLE DEVELOPMENT GOALS (SDGs) Peter Burgess
The UN Sustainable Development Goals (SDGs) are designed to give a roadmap from 2015 to 2030. They are a follow up to the Millennium Development Goals (MDGs) established in 2000. Over the next few months ... by early in 2016, these goals will be supplemented by a set of performance indicators that are still to be developed
METRICS MATTER ... AN INTRODUCTION TO TRUE VALUE ACCOUNTINGPeter Burgess
METRICS really do matter. Conventional accounting is very powerful, but it only addresses the matter of transactions where money is the measure, while ignoring everything else, including all externalities and some very important aspects of quality of life and stress on the environment. This slideset introduces TRUE VALUE ACCOUNTING to facilitate easier low cost integrated reporting.
MDIA ... Multi Dimension Impact Accounting ... is not only multi dimensional but also multi perspective. A framework of data analysis and decision making for the 21st century needs to be comprehensive and coherent ... and this is how MDIA is designed. It is not enough to focus on the money profit performance of the business and corporate sector. The challenge is to enable decision making that takes into consideration both the business and corporate sector AND the social impact (people) AND the environment (planet). A system of metrics that does all of this is long overdue, but they are emerging and they will be game changers.
This document discusses the need for multi-dimensional impact accounting (MDIA) to measure the impacts of economic activity from various perspectives, beyond just financial metrics. MDIA would track impacts on financial capital, human capital, man-built capital, natural capital, and other dimensions. It presents the MDIA framework and accounting approach, showing how each economic process or activity affects and changes the different capital stocks and perspectives over time. The goal is an integrated accounting system that is meaningful from every perspective in the socio-economic system.
TVA ... True Value Accounting is a method of accounting that embraces everything that matters, and part of this is the ability to look at data from all perspectives. The data refers to a 'fact' but this fact has different ramifications depending on where the observer is situated. A high salary is good for the individual but bad for profit. High efficiency pollution controls are good for the environment but bad for profit. The same data suggests different priorities depending on the goals of the observer. Optimizing performance in a system that is complex is not easy, but taking into consideration the impact of each and every actor in the system will help.
This document discusses multi-dimensional impact accounting and how it can be used to better account for the impacts of products and economic activities. It describes how traditional financial accounting only considers monetary impacts, while ignoring impacts on other capitals like human, natural, and social capital. The document proposes a framework to adjust financial accounts by adding positive impacts not accounted for, and deducting negative externalities. It suggests impact accounting could be applied at each stage of a supply chain to aggregate impacts. The goal is to provide more transparency about total life cycle impacts to help consumers make informed choices that factor in environmental and social considerations, not just price.
TVA p3-01 WHY SOCIETY NEEDS BETTER METRICSPeter Burgess
This document discusses the need for better metrics to account for societal and environmental impacts, not just financial profits. It argues that current accounting focuses too much on maximizing profits, which has led to strong corporate and GDP growth but declining wages and worsening environment issues over the past 50 years. It proposes a system called multi-dimensional impact accounting to develop metrics that also account for impacts on people, planet and long-term sustainability, not just short-term profits.
MDIA p3 00 WHY SOCIETY NEEDS BETTER METRICSPeter Burgess
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. The system is complex. There is no perfect answer, but it is possible to achieve a better world by getting a large number of people to make better decisions. A starting point for that is better metrics. system is complex. There is no perfect answer, but it is possible to achieve a better world by getting a large number of people to make better decisions. A starting point for that is better metrics, and, as Peter Drucker famously said, you manage what you measure!
The document discusses the need for multi-dimensional impact accounting from various perspectives to fully account for positive and negative impacts on people, planet, and profit. It presents a framework that measures impact on human capital, natural capital, financial capital, and man-made structures from the beginning to the end of a period for any economic activity. This framework aims to address the shortcomings of traditional financial accounting, which ignores externalities and only considers monetary impacts from the perspective of an organization.
The document discusses the need for multi-dimensional impact accounting from multiple perspectives to fully account for the impacts of economic activity. It presents a framework that measures the financial, human, natural, and built capital impacts from the perspectives of people, organizations, products, processes, and places. Financial accounts only measure monetary impacts and ignore externalities. The framework aims to add positive and negative non-financial impacts not currently accounted for to provide a more complete picture. It can be applied to organizations, supply chains, and other economic activities and flows to measure starting and ending states from different impact dimensions and perspectives.
The document discusses shortcomings of conventional profit-focused accounting and introduces the concept of multi-dimensional impact accounting. It notes that conventional accounting only considers financial transactions and ignores externalities. Multi-dimensional impact accounting aims to account for positive and negative impacts on all stakeholders, including human capital, natural capital, and society. This involves augmenting financial accounts to also account for non-financial value created and costs imposed, such as environmental and social impacts.
TVA p301 CORE CONCEPTS for TRUE VALUE ACCOUNTING Peter Burgess
True Value Accounting is based on CORE CONCEPTS from conventional money profit double entry accounting as well as from engineering thermodynamics, control theory and various scientific disciplines. Double entry accounting provides a powerful framework to account for impact on society (people) and environment (planet) as well as for the conventional money profit dimension of economics. When we start to number important things like quality of life and degradation of the environment as rigorously as we number everything that is in the money profit space, there will be significantly better performance and we will start to optimize for everything in the socio-enviro-economic system
The document discusses the concepts and framework behind Multi Dimension Impact Accounting (MDIA). MDIA aims to expand traditional accounting methods to account for impacts on people and the environment, not just financial impacts. It uses key accounting concepts like double entry bookkeeping, balance sheets, and profit/loss, and applies them to impacts across various "capital" domains including financial, human, manufactured, and natural. The framework aims to quantify both positive and negative impacts not currently captured in traditional accounting. It provides examples of how various activities like food production, land and water use, and emissions could be analyzed using this multi-capital accounting approach.
TVA WHAT IS TVA? THE FRAMEWORK WE NEED FOR BETTER METRICSPeter Burgess
TVA is a data architecture and framework for better metrics that will make it easier and less costly to include IMPACT on SOCIETY (PEOPLE) and IMPACT on ENVIRONMENT (PLANET) into integrated reporting in a way that is as rigorous as what is used in conventional double entry financial accounting for PROFIT and the WEALTH of OWNERS. When there is a logical framework, then it becomes much easier to have coherent and meaningful reporting.
TRUE VALUE ACCOUNTING (TVA) IS THE FRAMEWORK NEEDED FOR BETTER METRICS. TVA is a data architecture and framework for better metrics that will make it easier and less costly to include IMPACT on SOCIETY (PEOPLE) and IMPACT on ENVIRONMENT (PLANET) into integrated reporting in a way that is as rigorous as what is used in conventional double entry financial accounting for PROFIT and the WEALTH of OWNERS. When there is a logical framework, then it becomes much easier to have coherent and meaningful reporting.
TVA p3 01-WHAT IS TRUE VALUE ACCOUNTING? Peter Burgess
True Value Accounting (TVA) is a data architecture and framework for better metrics that will make it easier and less costly to include IMPACT on SOCIETY (PEOPLE) and IMPACT on ENVIRONMENT (PLANET) into integrated reporting in a way that is as rigorous as what is used in conventional double entry financial accounting for PROFIT and the WEALTH of OWNERS. When there is a logical framework, then it becomes much easier to have coherent and meaningful integrated reporting.
SIZE MATTERS 2 ... KEY CONCEPTS
A workshop at MIT to link mathematics with the realities of a very complex global integrated socio-enviro-economic system that has been very badly served by money as a metric and a dangerously simplified financial system.
The document discusses the concepts and framework behind Multi Dimension Impact Accounting (MDIA). Some key points:
- MDIA uses concepts from traditional accounting like double entry bookkeeping, balance sheets, and profit/loss, but expands them to account for impacts on human capital, natural capital, and other non-financial factors.
- It proposes accounting for both positive and negative impacts not captured in traditional financial accounting. This includes impacts on employees, society, the environment like resource depletion, pollution, and more.
- MDIA would apply these expanded accounting concepts at multiple levels - for individuals, organizations, supply chains, economic activities like food/land/water use, and their impacts on financial,
The document discusses the concepts and framework of multi-dimensional impact accounting (MDIA). Some key points:
- MDIA builds on concepts from traditional accounting like double-entry bookkeeping, balance sheets, and profit/loss statements.
- It aims to account for all impacts, both positive and negative, across financial, human, natural, and built capital dimensions. This includes impacts not captured by traditional accounting like environmental and social effects.
- MDIA would track impacts at each stage of supply chains and product lifecycles. Accounts would be adjusted at each stage to incorporate all costs and value created or destroyed across different forms of capital.
- The goal is comprehensive accounting that tells
The document discusses characteristics of economic activity and the need for multi-dimensional impact accounting. It notes that traditional financial accounting only considers monetary costs and profits while ignoring broader impacts. It proposes accounting for impacts on human capital, manufactured capital, natural capital, and positive/negative externalities not currently priced. This more comprehensive accounting would provide a fuller picture of the true costs and benefits of economic activity.
The document discusses supply chain optimization and impact accounting. It notes that currently supply chains optimize for profit, which can lead to negative social and environmental impacts. It proposes adjusting supply chain analysis to include impact dimensions in order to improve balance between profit, people, and planet. By accounting for impacts at each stage, decision makers would have more information on the true performance of their supply chains.
The document discusses how a people-centric view sees the purpose of economic activities as improving quality of life and standard of living for people. It notes that more money and consumption is often used as a proxy for this, but is unstable and damaging. Business prioritizes efficiency and profit, which can help production but also reduce jobs and safety. True progress is maximizing improvement in human and social capital while minimizing degradation of natural capital. The system should benefit all people, not just the elite, and consider those who work, invest, or cannot work. Ultimately, everything comes back to people - as decision makers, workers, consumers, and the center of communities.
The document discusses how people, or human capital, should be at the core of any economic system. It argues that while money and consumption are often used as proxies for quality of life, efficiency in production can negatively impact people, jobs, and the environment. The role of business is examined, noting the tension between efficiency and negative social impacts. Several dimensions of people's lives, interactions, and needs are explored, emphasizing that economic activities and measures should ultimately improve human well-being.
Global Situational Awareness of A.I. and where its headedvikram sood
You can see the future first in San Francisco.
Over the past year, the talk of the town has shifted from $10 billion compute clusters to $100 billion clusters to trillion-dollar clusters. Every six months another zero is added to the boardroom plans. Behind the scenes, there’s a fierce scramble to secure every power contract still available for the rest of the decade, every voltage transformer that can possibly be procured. American big business is gearing up to pour trillions of dollars into a long-unseen mobilization of American industrial might. By the end of the decade, American electricity production will have grown tens of percent; from the shale fields of Pennsylvania to the solar farms of Nevada, hundreds of millions of GPUs will hum.
The AGI race has begun. We are building machines that can think and reason. By 2025/26, these machines will outpace college graduates. By the end of the decade, they will be smarter than you or I; we will have superintelligence, in the true sense of the word. Along the way, national security forces not seen in half a century will be un-leashed, and before long, The Project will be on. If we’re lucky, we’ll be in an all-out race with the CCP; if we’re unlucky, an all-out war.
Everyone is now talking about AI, but few have the faintest glimmer of what is about to hit them. Nvidia analysts still think 2024 might be close to the peak. Mainstream pundits are stuck on the wilful blindness of “it’s just predicting the next word”. They see only hype and business-as-usual; at most they entertain another internet-scale technological change.
Before long, the world will wake up. But right now, there are perhaps a few hundred people, most of them in San Francisco and the AI labs, that have situational awareness. Through whatever peculiar forces of fate, I have found myself amongst them. A few years ago, these people were derided as crazy—but they trusted the trendlines, which allowed them to correctly predict the AI advances of the past few years. Whether these people are also right about the next few years remains to be seen. But these are very smart people—the smartest people I have ever met—and they are the ones building this technology. Perhaps they will be an odd footnote in history, or perhaps they will go down in history like Szilard and Oppenheimer and Teller. If they are seeing the future even close to correctly, we are in for a wild ride.
Let me tell you what we see.
State of Artificial intelligence Report 2023kuntobimo2016
Artificial intelligence (AI) is a multidisciplinary field of science and engineering whose goal is to create intelligent machines.
We believe that AI will be a force multiplier on technological progress in our increasingly digital, data-driven world. This is because everything around us today, ranging from culture to consumer products, is a product of intelligence.
The State of AI Report is now in its sixth year. Consider this report as a compilation of the most interesting things we’ve seen with a goal of triggering an informed conversation about the state of AI and its implication for the future.
We consider the following key dimensions in our report:
Research: Technology breakthroughs and their capabilities.
Industry: Areas of commercial application for AI and its business impact.
Politics: Regulation of AI, its economic implications and the evolving geopolitics of AI.
Safety: Identifying and mitigating catastrophic risks that highly-capable future AI systems could pose to us.
Predictions: What we believe will happen in the next 12 months and a 2022 performance review to keep us honest.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
STATATHON: Unleashing the Power of Statistics in a 48-Hour Knowledge Extravag...sameer shah
"Join us for STATATHON, a dynamic 2-day event dedicated to exploring statistical knowledge and its real-world applications. From theory to practice, participants engage in intensive learning sessions, workshops, and challenges, fostering a deeper understanding of statistical methodologies and their significance in various fields."
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Round table discussion of vector databases, unstructured data, ai, big data, real-time, robots and Milvus.
A lively discussion with NJ Gen AI Meetup Lead, Prasad and Procure.FYI's Co-Found
2. MULTI DIMENSION IMPACT ACCOUNTING
WORK-IN-PROGRESS.
SLIDESET STILL IN DEVELOPMENT.
UPDATES WILL BE POSTED OVER
THE NEXT SEVERAL WEEKS
3. The GOAL is to design and
deploy a system of metrics for
management that accounts for
impact on people and planet as
rigorously as double entry
accounting accounts for
money transactions that
impact profit
MULTI DIMENSION IMPACT ACCOUNTING
19. YELLOW:
The PEOPLE piece … Human Capital (HC)
DIRTY BROWN:
The ECONOMIC piece … Man Built Capital (MBC)
GREEN:
NATURE, ENVIRONMENT … Natural Capital (NC)
MULTI DIMENSION IMPACT ACCOUNTING
COLOR KEY
30. MDIA is ETRICS
The double entry idea
is very powerful:
MULTI DIMENSION IMPACT ACCOUNTING
31. MDIA
MULTI DIMENSION IMPACT ACCOUNTING
is a system of metrics to
enable better management of
everything that matters.
MULTI DIMENSION IMPACT ACCOUNTING
32. MDIA
MULTI DIMENSION IMPACT ACCOUNTING
It is an extension of
conventional accounting and
builds on the amazing power of
the double entry system
MULTI DIMENSION IMPACT ACCOUNTING
33. State … B/S
Flow … P&L
New State … B/S
MULTI DIMENSION IMPACT ACCOUNTING
43. Conventional money profit
accounting works very well for
financial performance … that is
impact on corporate profits
and stock value.
MULTI DIMENSION IMPACT ACCOUNTING
45. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
FINANCIAL
P&L ACCOUNT
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bought X Price
Employee Benefits
Employee Payroll
Other expenditures
Asset use costs
Depreciation
Financial expenses
Pro-good expenditures
Taxation
PROFIT
COSTS
FINANCIAL ACCOUNTING
46. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
REVENUES
Products Sold X Price
VALUE to buyer
Equals
HUMAN CAPITAL ADD
Wages and benefits
What value to
employee?
Pro-good expenditures
What value to society?
Taxation
Funds government.
Good value to society.
POSITIVE
IMPACT NOT
ACCOUNTED
FOR
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
FINANCIAL
P&L ACCOUNT
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bought X Price
Employee Benefits
Employee Payroll
Other expenditures
Asset use costs
Depreciation
Financial expenses
Pro-good expenditures
Taxation
PROFIT
COSTS
FINANCIAL ACCOUNTING PLUS GOOD IMPACT
47. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
For products and
energy bought
and this process
Free use of the
commons and
public services
& infrastructure
Degradation
of land
Water scarcity
and degradation
Air pollution:
Impact on people
Air pollution:
Impact on climate
Air pollution:
Impact on people
Solid waste
Resource
depletion
Environmental
Degradation
Negative
impact
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
FINANCIAL
P&L ACCOUNT
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bought X Price
Employee Benefits
Employee Payroll
Other expenditures
Asset use costs
Depreciation
Financial expenses
Pro-good expenditures
Taxation
PROFIT
COSTS
FINANCIAL ACCOUNTING LESS BAD IMPACT
48. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
REVENUES
Products Sold X Price
VALUE to buyer
Equals
HUMAN CAPITAL ADD
Wages and benefits
What value to
employee?
Pro-good expenditures
What value to society?
Taxation
Funds government.
Good value to society.
For products and
energy bought
and this process
Free use of the
commons and
public services
& infrastructure
Degradation
of land
Water scarcity
and degradation
Air pollution:
Impact on people
Air pollution:
Impact on climate
Air pollution:
Impact on people
Solid waste
Resource
depletion
Environmental
Degradation
POSITIVE
IMPACT NOT
ACCOUNTED
FOR
Negative
impact
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
FINANCIAL
P&L ACCOUNT
REVENUES
Products Sold X Price
Products Bought X Price
Energy Bought X Price
Employee Benefits
Employee Payroll
Other expenditures
Asset use costs
Depreciation
Financial expenses
Pro-good expenditures
Taxation
PROFIT
COSTS
FINANCIAL ACCOUNTING PLUS GOOD & BAD
49. The next slide shows how the
operations of a process:
(1) through the money P&L report impact on
the money balance sheet of the
operation;
and,
(2) through the IMPACT accounts report on
the impact the operation is having on
society and the environment.
MULTI DIMENSION IMPACT ACCOUNTING
50. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun SunSun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
Financial Accounts describe Financial Impact
Financial Costs
Financial Profit
Financial Revenues
Financial
Balance
Sheet
BOP
Financial
Balance
Sheet
EOP
Impact Accounts reflect Externalities
Balance
Sheet
Changes
Impact on Institutions
Impact on People
Impact on Society
Impact on Physical
Impact on Knowledge
Impact on Resources
Impact on Environment
Impact on EcoSystem
Balance
Sheet
Changes
Balance
Sheet
Changes
Balance
Sheet
Changes
51. MULTI DIMENSION IMPACT ACCOUNTING
Sun
BOP EOP
Sun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun SunSun
Financial
Capital
Human
Capital
Man Built
Capital
Natural
Capital
Sun
Financial Accounts describe Financial Impact
Financial Costs
Financial Profit
Financial Revenues
Financial
Balance
Sheet
BOP
Financial
Balance
Sheet
EOP
Impact Accounts reflect Externalities
Balance
Sheet
Changes
Impact on Institutions
Impact on People
Impact on Society
Impact on Physical
Impact on Knowledge
Impact on Resources
Impact on Environment
Impact on EcoSystem
Balance
Sheet
Changes
Balance
Sheet
Changes
Balance
Sheet
Changes
52. MULTI DIMENSION IMPACT ACCOUNTING
The first step is to design and
develop a data architecture
that is congruent with the
realities of the modern global
socio-enviro-economic system
53. Quality of Life and Standard of
Living for PEOPLE should be
measured with a system that is
just as powerful.
MULTI DIMENSION IMPACT ACCOUNTING
54. Resource Depletion should be
measured rigorously and
incorporated into all aspects of
Impact Accounting.
MULTI DIMENSION IMPACT ACCOUNTING
55. Ecosystem Services and Bio-
Degradation should be
measured rigorously and
incorporated into all aspects of
Impact Accounting.
MULTI DIMENSION IMPACT ACCOUNTING
56. MULTI DIMENSION IMPACT ACCOUNTING
The data architecture is already
in a relatively complete form.
57. MULTI DIMENSION IMPACT ACCOUNTING
A massive amount of scientific
data already exists and needs
to be mapped to the MDIA data
architecture.
58. MULTI DIMENSION IMPACT ACCOUNTING
New units of measure need to
be defined so that scientific
data may be converted into
these units of measure.
59. MULTI DIMENSION IMPACT ACCOUNTING
A characteristic of these new
units of measure is that they
will enable complex details to
be summarized easily for
reporting and substantive
discussion by the media.
60. MULTI DIMENSION IMPACT ACCOUNTING
The system will also facilitate
drill-down to a granular level
so that better decisions can be
made by everyone taking into
account not only the price and
profit but also the associated
impacts on society (people)
and the environment (planet).
61. MULTI DIMENSION IMPACT ACCOUNTING
These new units of measure
will NOT merely be a market
monetization of an element.
They will be new units that
have the properties of all
physical measures.
62. MULTI DIMENSION IMPACT ACCOUNTING
Standard Values need to be
established for EVERYTHING.
63. MULTI DIMENSION IMPACT ACCOUNTING
Standard Values have much
the same characeristics as
Standard Costs in commercial
cost accounting.
64. MULTI DIMENSION IMPACT ACCOUNTING
In cost accounting Standard
Costs are a way massively to
simplify costing without losing
much, if any, of the utility of the
cost accounting information.
65. MULTI DIMENSION IMPACT ACCOUNTING
Data about PRODUCTS needs
to be organized. The IMPACT of
every PRODUCT in the market
should be 'a click away'.
66. MULTI DIMENSION IMPACT ACCOUNTING
Data about the choices
PEOPLE make needs to be
organized so that there may be
ways for PEOPLE to earn
rewards for making choices
that are good for themselves,
the society and the enviroment.
67. MULTI DIMENSION IMPACT ACCOUNTING
Data business performance will
include IMPACT as rigorously
as there is accounting for
PROFIT.
68. MULTI DIMENSION IMPACT ACCOUNTING
PROCESS is also an element of
the data architecture. There
should be Standards for all
processes.
70. MULTI DIMENSION IMPACT ACCOUNTING
COMPANIES have financial
accounts. MDIA standards may
be used to convert financial
accounts to impact accounts.
71. But to what end?
Business managers have powerful metrics to
optimize PROFIT performance … and the
perceived VALUE of the company.
Conventional business metrics only focus on
the performance of the company from the
PERSPECTIVE of the COMPANY and its
OWNERS, not at all from any of the other
perspectives.
MULTI DIMENSION IMPACT ACCOUNTING
72. Conventional business metrics are inadequate
because they ignore important externalities
like …
The negative impact on PEOPLE:
… Efficiency means more production for less labor;
… Less labor is a negative for employees (society);
… Cost of occupational health and safety ignored.
The negative impact on the ENVIRONMENT
… Race to avoid environmental regulation;
… Costs to the environment are ignored;
… Impact on PLACE.
MULTI DIMENSION IMPACT ACCOUNTING
73. MULTI DIMENSION IMPACT ACCOUNTING
With impact accounting for
COMPANIES and also with
impact accounting for PLACES
it is less and less likely that
corporate misbehavior will
have zero cost. Nothing will be
out of sight!
74. MULTI DIMENSION IMPACT ACCOUNTING
Operating units of companies
and entities in the supply chain
can be held to account based
on information originating in a
PLACE
76. Follow up: Request for Feedback
Getting these ideas fleshed out into a clear, simple but
comprehensive structure is a big job and remains a work-in-
progress. Many organizations are making progress with this,
but there is no broad universal framework yet that will enable
all the pieces to come together and work efficiently.
I would like to get feedback from anyone and everyone to
help move this initiative forward. While I have some clear
concepts about much of this architecture, there are many
details that I do not know enough about and need help. So,
please feel free to contact me (peterbnyc@gmail.com).
Please put something relevant and catchy in the subject line.
MULTI DIMENSION IMPACT ACCOUNTING
77. Some links and contact information:
Peter Burgess … peterbnyc@gmail.com
Peter Burgess LinkedIn profile
https://www.linkedin.com/in/peterburgess1
Link to TrueValueMetrics.org website
http://www.truevaluemetrics.org/
Link to navigation for MDIA slidesets
http://www.truevaluemetrics.org/DBadmin/DBtxt001.php?vv1=list0200-Burgess-p3-Slidesets
MULTI DIMENSION IMPACT ACCOUNTING