“The MultiCapital Scorecard is the most important book on accounting in decades.”
John Montgomery, Founder Lex Ultima and President-Elect, Benefit Company Bar Association
“We consider the MultiCapital Scorecard one of the most promising performance measurement models for integrated reporting we have encountered.”
Jostein Solheim, former CEO, Ben & Jerry’s
Although the Certified TBL program is relatively new, the methodology behind it is not. Indeed, the use of context-based performance accounting tools has been widely advocated, including by the world’s leading international standard for sustainability measurement and reporting, the Global Reporting Initiative (GRI), since at least 2002 in the form of its Sustainability Context Principle.
Separately, in 2015, the United Nations Environment Program (UNEP) published a special report on corporate reporting entitled, Raising the Bar – Advancing Environmental Disclosure in Sustainability Reporting, in which it specifically recommended that all organizations take a context-based approach to measuring and reporting their environmental performance, and at the same time recognized the MultiCapital Scorecard as a leading methodology for how best to do so.
More recently, the B Impact Assessment tool used by businesses to qualify as Certified B Corps was enhanced to recognize and reward the use of context-based metrics by organizations; as was the MultiCapital Scorecard designated by the same authorities, B Lab, as an approved third-party performance accounting tool for Benefit Corporations.
The Context-Based Sustainability and MultiCapital Scorecard methodologies featured in the Certified TBL program are also strongly supported by the Reporting 3.0 Platform, a European-based non-profit that is working to spur the emergence of a more regenerative and inclusive economy by developing next generation best practices in the fields of reporting, accounting, data, finance and new business models.