The Importance of Setting Sustainability KPIs

The video discusses the importance of creating key performance indicators (KPIs) around sustainability to help decision-makers understand and communicate performance. It highlights a story about a CEO who underestimated the significance of sustainability metrics tracked by Bloomberg. The video explains how companies like Bloomberg and Reuters gather data from various sources to project social and environmental performance. It emphasizes the need for businesses to adopt triple bottom line accounting and provides examples of sustainability KPIs. The video also covers different standards and questions posed by organizations like CDP, GRI, and the UN Global Compact.

What is the primary purpose of creating KPIs around sustainability?

• To comply with government regulations

• To enable better decision-making and communication

• To increase company profits

• To reduce employee workload

How did the CEO react when shown the Bloomberg sustainability metrics?

• He was pleased

• He was frazzled

• He was angry

• He was indifferent

What is the significance of triple bottom line accounting?

• It is a marketing strategy

• It is a new tax regulation

• It integrates social, environmental, and financial performance

• It focuses solely on financial performance

Which organization is an extension of the World Bank and involved in sustainability reporting?

• IFC

• CDP

• UN Global Compact

• GRI

What is the role of organizations like CDP and GRI in sustainability?

• They set standards for sustainability reporting

• They conduct employee training

• They offer marketing services

• They provide financial loans