Financial accounting is at the heart of the “operating system” on which the global economy runs. So why aren't the environmental and social effects of that economic activity part of that system? Companies, investors, and consumers need an expanded set of metrics that more broadly and accurately measure risk, return, and value. In addition, they need practices that support relevant data collection, management, and integration into strategy and decision making.
Read the thought provoking artlcle at Stanford Social Innovation Review