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In 1981, Freer Spreckley first articulated the triple bottom line framework in a publication called Social Audit - A Management Tool for Co-operative Working. [8] In this work, he argued that enterprises should measure and report on financial performance, social wealth creation, and environmental responsibility.
A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [ 2 ]
Global indicators- Due to differences in social, economical, and environmental conditions of countries, each country has its own indicators and indexes to measure sustainability, which can lead to improper and varying interpretation at the global level. Hence, there common indexes and measuring parameters would allow comparisons among countries.
Performance measurement is the process of collecting, analyzing and/or reporting information regarding the performance of an individual, group, organization, system or component. [dubious – discuss] [1] Definitions of performance measurement tend to be predicated upon an assumption about why the performance is being measured. [2]
The platform consists of a dashboard, that provides data and insights into key indicators - measuring areas such as wellbeing, environmental quality, quality of public services and security - alongside an interactive tool Your Better Life Index (BLI), [3] which encourages citizens to create their own indexes by ranking each of the indicators ...
Intead, different disciplines and international organizations have offered measures or indicators of how to measure the concept. While sustainability indicators, indices and reporting systems gained growing popularity in both the public and private sectors, their effectiveness in influencing actual policy and practices often remains limited.
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While Quality of Life (QOL) has long been an explicit or implicit policy goal, adequate definition and measurement have been elusive. Diverse "objective" and "subjective" indicators across a range of disciplines and scales, and recent work on subjective well-being (SWB) surveys and the psychology of happiness have spurred renewed interest. [12]