Deloitte comes up with non-financial KPIs for the futureMarch 2010
A breakdown of what are expected to be the most important key performance indicators (KPIs) on corporate responsibility over the next five years has been produced for every industry sector.
The KPIs have been devised by accountancy firm Deloitte and Germany's federal environment ministry as part of a three-year project to encourage companies to use such indicators to assess their progress on non-financial matters. They identify three main indicators for each sector, from beverages to textiles, and water utilities to software.
Although every sector has different priorities, the most commonly listed KPIs across the sectors are: value-chain energy efficiency, the proportion of products labelled eco-trade or fair trade, and adherence to International Labour organization standards.
The research that led up to production of the KPIs was conducted previously on a much smaller scale for a limited number of German industries, but has now been enlarged to cover all sectors. The work was based on Standard & Poor's guidance on KPIs drawn up in accordance with European Union directives.
Deloitte and the German government claim their joint action 'could mark the beginning of an international standardisation process for KPIs on sustainable development in multinational corporations'. They say the KPIs could be used by companies worldwide that influence combined sustainable assets of about €2trillion ($2.8tn, £1.7tn).
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