The business world uses ratios to evaluate and compare companies. Clear sustainability ratios, based on the widely-used sustainability reporting standards & reports, will help identify & inspire businesses and make 'world benefit' more tangible.
Sustainable reporting standards
are already used globally. The most widely-used standards of the
Global Reporting Initiative
, for example, are utilized by
almost 5,000 businesses globally
. Currently the
more than 10,000 reports (
which resemble financial statements).
To make the reports
more accessible and allow for comparison,
Sustainability Ratios can be useful. Once these ratios are defined, the next steps could be to:
) Create software to extract data and calculate sustainability ratios
The ratios could be supported by data visualisation tools (e.g. charts, maps, images) in order to better understand ratios and compare businesses.
2) Educate the business community & public on Sustainability Ratios
Start with business schools, think tanks and business media.
3) Develop apps for smartphones
Consumers can figure the sustainability ratios (or nondisclosure) into their purchase decisions, which may incentivize companies to innovate for world benefit.