1 – CONTEXT
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1 – CONTEXT
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Open TVIA-010000
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OVERVIEW.................................................................................5
PROGRESS and PERFORMANCE................................................................5
ISSUES … thousands of issues .................................................................5
SYSTEMIC DYSFUNCTION................................................................5
SOCIAL PROBLEMS...............................................................................5
Local, National and Global.....................................................................................5
Multiple Systemic Social Issues...............................................................................6
Jobs, low wages, unemployment.........................................................................6
Poverty................................................................................................................6
Hunger, malnutrition, ill-health..........................................................................6
Religion / Culture................................................................................................6
Social risks..........................................................................................................6
Civil war, physical destruction ...........................................................................6
War, violence, human destruction .......................................................................6
ENVIRONMENT ...................................................................................6
Local Cause gives Global Effect .............................................................................6
Local sources of pollution...................................................................................6
High consumption / Inefficient processes............................................................7
Elements of the Natural System...............................................................................7
Land ....................................................................................................................7
Biodiversity.........................................................................................................7
Deforestation.......................................................................................................7
Sea level rise / Sea temperature rise...................................................................7
Extreme weather..................................................................................................7
Pollution..............................................................................................................7
ECONOMIC ISSUES ..............................................................................7
Economic R
True Value Impact Accounting (TVIA) … Overview
Al the other actors...............................................................................................8
Non-linear relationships......................................................................................9
What about happiness?.......................................................................................9
What about environmental damage?...................................................................9
IDEAS / POSSIBILITIES ...................................................................9
TECHNOLOGY....................................................................................9
Knowledge, research, education.........................................................................9
Technology, materials, computer science............................................................9
Enabling initiatives.............................................................................................9
PEOPLE............................................................................................9
Understanding potential .....................................................................................9
Nice people … the 99%.....................................................................................10
CHOICES.........................................................................................10
Better metrics … TVIA, other............................................................................10
Better goals … SDGs, etc..................................................................................10
Eliminating and Avoiding Constraints..............................................................10
II – SYSTEM
THE SOCIO-ENVIRO-ECONOMIC SYSTEM.........................................................11
STATE (CAPITALS) and FLOW (PROCESSES)........................................11
STATE … THE CAPITALS......................................................................................11
ALL the Capitals........................................................................11
More about the CAPITALS ............................................................12
SOCIAL CAPITAL ................................................................................12
(1) Human Capital.................................................................................................12
(2) Social / Relationship Capital............................................................................12
NATURAL CAPITAL ............................................................................12
(3) Natural Capital................................................................................................12
CREATED CAPITAL .............................................................................13
(4) Physical Capital...............................................................................................13
(5) Financial Capital.............................................................................................13
(6) Knowledge Capital...........................................................................................14
(7) Institutional Capital.........................................................................................14
(8) Cultural Capital...............................................................................................14
FLOW / PROCESS ................................................................................................14
Processes........................................................................................14
Actors............................................................................................15
Exchange / Trade .............................................................................15
Products.........................................................................................15
Streams..........................................................................................16
Sectors...........................................................................................16
Place.............................................................................................16
III – METRICS
METRICS and MANAGEMENT.............................................................................17
Conventional metrics give wrong signals..................................................17
Metrics for implementing entities .........................................................17
Metrics for reporting entities................................................................17
Metrics should be agnostic ..................................................................17
CONVENTIONAL METRICS..................................................................................17
Corporate Performance.......................................................................17
Economic Analysis ............................................................................18
Investment Analysis ...........................................................................18
Impact Reporting ..............................................................................18
BETTER METRICS.................................................................................................19
Characteristics of TVIA................................................................19
Transparency, accounting, audit, and accountability ......................................19
Better reporting about social and environmental impact..................................19
Caveat … wrong metrics are worse than no metrics........................................19
Core Concepts .................................................................................19
Double Entry ....................................................................................................19
Classification of Accounts.................................................................................19
Cost, Price and Value .......................................................................................20
State and Flow ..................................................................................................20
Measuring Performance ......................................................................21
Progress and Efficiency.........................................................................................21
Progress ............................................................................................................21
Efficiency...........................................................................................................21
Using Measurements...........................................................................22
External Reporting ................................................................................................22
External Reporting for Compliance .................................................................22
Financial performance......................................................................................22
Social and environmental impact......................................................................22
Performance Improvement / Management.............................................................22
Feedback...........................................................................................................22
Cost and Management Accounting ..................................................................22
Standard Cost Accounting.................................................................................22
Units of Account ..............................................................................22
Must be better than money................................................................................22
Three principal reporting metrics.....................................................................22
Existing subsection metrics...............................................................................23
Standard Value Profiles.......................................................................23
Standard Value Profiles for Everything.............................................................23
Show Life Cycle Impact ....................................................................................23
Applications of TVIA ...................................................................23
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