Papers

Leading and Lagging Indicators Can Help You Build a Sustainable Organization

In order to build a sustainable organization, you need a way to account for the measures that affect long term survivability. By Avetta

January 25, 2018

Where will your business be in 10 years? 20? Longer? Will your organization still exist? Will it be healthy—or foundering? Is it possible to make any sort of realistic prediction regarding the matter?

Maybe so. Of course, no one has a flawless crystal ball, and there are always things that can’t be anticipated, but the emerging business practice of sustainability accounting can give your organization a much more accurate idea of whether your business practices are contributing to continued growth—or an untimely demise.

Unlike financial accounting, sustainability accounting is not a straightforward matter of balance sheets and dollar figures. It doesn’t even consistently involve quantifiable measures of performance. How, then, can you account for—and track the effectiveness of—your sustainability efforts? One way is to track your sustainability metrics via two metrics:

  1. Leading indicators, which are tracked on the front end of initiatives as a way to preemptively assess and manage risk, and
  2. Lagging indicators, which are used to assess the outcomes of initiatives on the back end.

Log in to download this paper.
Auto-login on future visits.
Forgot your password? · Not a member? Register today!

What’s Related

Resources

Embracing Technology for ISO 45001 OHS Standards
The mission to assure the health and safety of workers is essential and requires applied policies and processes to reduce overall injuries in…
Best Practices for Enforcing Policies with Contractors
To reduce incidents and keep production and workflow moving as planned, it’s critical for your contractors and suppliers to understand all…
Choosing the Right Solution for Contractor and Supplier Management
Here are some best practices you can follow that can help you choose a solution that can meet your needs and those of your suppliers.
More Resources