SBSC: blending sustainability with the Balanced Scorecard
Image Source: EKATERINA BOLOVTSOVA | pexels
In an era when environmental concerns are at the forefront of global discussions, businesses are being called upon to integrate sustainability into their operations. Developed as an extension of the traditional Balanced Scorecard (BSC), the Sustainability Balanced Scorecard (SBSC) aims to provide businesses with a tool to align their environmental, social, and economic objectives, driving positive impact while ensuring long-term success.
The genesis of the SBSC
The concept of the BSC was first introduced by Robert Kaplan and David Norton in the early 1990s as a framework to measure business performance beyond financial metrics. The BSC aimed to provide a more holistic view of an organization’s health by incorporating four hierarchical perspectives: Financial, Customer, Internal Processes, and Learning & Growth.
A decade later, as sustainability became a critical global concern, scholars started looking into the possibility of integrating sustainability considerations into the BSC. They agreed on the potential of extending the focus of the well-established BSC to include measuring business performance through the lens of environmental stewardship, social responsibility, and ethics. Thus, the concept of the SBSC began to crystallize .
How to build an SBSC
When it comes to the best architecture for the SBSC, there have been conflicting discussions ever since the concept was introduced. Two major approaches took prominence: one is to add a fifth perspective to the traditional BSC that was dedicated to sustainability; the other is to integrate sustainability objectives and KPIs into the already existing perspectives.
A 2009 study showed that in the fifth perspective approach, sustainability KPIs tend to be overlooked by management in organizations with no established sustainability culture. That is why the four-perspective approach can be a safer choice, especially for organizations that are only starting to integrate sustainability in their measures.
In a 2021 article, Kaplan supported the four-perspective approach, introducing a suggested restructuring of three out of the four perspectives to make them more relevant to environmental, social, and governance (ESG) elements:
- From “Financial” to “Outcomes” to include environmental and societal objectives besides the financial aspect
- From “Customer” to “Stakeholder” to reflect the value of different members of the whole ecosystem
- From “Learning & Growth” to “Enablers” to encompass the various capabilities across all stakeholders in the ecosystem
Reaping these sustainability integration benefits can be a bit of a long shot, and further studies are needed to prove such benefits even exist. However, the only way to reap said benefits is to plant the seeds of sustainability integration. To help accomplish this, the SBSC can be a potent tool that allows organizations to measure, manage, and optimize their sustainability performance. As global challenges such as climate change, resource depletion, and social inequality loom larger, businesses must go beyond profits and consider their broader impact. The SBSC empowers organizations to embrace sustainability as a strategic imperative, paving the way for a more responsible, resilient, and prosperous future.
For more on utilizing the Balanced Scorecard, The KPI Institute has developed the Certified Balanced Scorecard Management System Professional to help organizations maximize the tools’ potential. And if you are interested in expanding your toolkit further, consider subscribing to smartkpis.com and gain access to the world’s largest database of documented KPIs, which includes a thorough collection of sustainability metrics.
Tags: Balanced Scorecard, BSC, Sustainability Balanced Scorecard, Sustainability performance, The Strategy and Balanced Scorecard Conference
ısıtıcı kümes sobası
| #
Harika bir paylaşım, özellikle konunun önemli detayları oldukça net bir şekilde açıklanmış. İnsanları çeşitli karmaşık anahtar kelimelerle yormak yerine, okumaktan keyif alacağı içerikler her zaman daha iyidir. Kaliteli paylaşım adına teşekkür eder, paylaşımlarınızın devamını sabırsızlıkla beklerim.
Reply
fabrika soba
| #
I am truly thankful to the owner of this web site who has shared this fantastic piece of writing at at this place.
Reply
cafe elektirikli soba
| #
Harika bir paylaşım, özellikle konunun önemli detayları oldukça net bir şekilde açıklanmış. İnsanları çeşitli karmaşık anahtar kelimelerle yormak yerine, okumaktan keyif alacağı içerikler her zaman daha iyidir. Kaliteli paylaşım adına teşekkür eder, paylaşımlarınızın devamını sabırsızlıkla beklerim.
Reply
fabrika ısıtıcısı
| #
Verdiginiz bilgiler için teşekkürler , güzel yazı olmuş
Reply
cafe elektirikli ısıtıcı
| #
Harika bir paylaşım, özellikle konunun önemli detayları oldukça net bir şekilde açıklanmış. İnsanları çeşitli karmaşık anahtar kelimelerle yormak yerine, okumaktan keyif alacağı içerikler her zaman daha iyidir. Kaliteli paylaşım adına teşekkür eder, paylaşımlarınızın devamını sabırsızlıkla beklerim.
Reply
Distributor Hidrolik
| #
good, good job, good script, good website.
Reply
fireboy and watergirl
| #
That you took the time to tell me this information makes me feel relieved. I truly enjoyed reading the post that you created and posted on your website. You have given readers something entertaining as well as useful with your article post.
Reply
zoritoler imol
| #
I have been absent for a while, but now I remember why I used to love this site. Thank you, I will try and check back more often. How frequently you update your site?
Reply
akartoto
| #
F*ckin’ awesome things here. I am very glad to see your post. Thanks a lot and i’m looking forward to contact you. Will you kindly drop me a e-mail?
Reply
The Genius Wave Review
| #
Hey! Do you know if they make any plugins to help with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Many thanks!
Reply
teste iptv
| #
Good write-up, I am regular visitor of one¦s site, maintain up the nice operate, and It is going to be a regular visitor for a long time.
Reply
transportadora de mudança em bh
| #
Hello, I think your blog might be having browser compatibility issues. When I look at your blog site in Opera, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, amazing blog!
Reply
grupos de whatsapp para aquecer
| #
I was reading through some of your posts on this site and I conceive this site is real informative! Keep putting up.
Reply
prostadine
| #
Prostadine is a 100 natural supplement that helps in ensuring that your prostate remains healthy and functions optimally even as you age. It also helps in reducing symptoms like frequent urination, weak urine stream and urine leakage. With its easy-to-use dropper, you can maintain proper prostate health without any hassle and ensure that you enjoy a healthy life even as you grow older.
Reply
sight care
| #
Sight Care is a 100 natural and safe supplement that was developed after many years of studies by the best scientists, made to solve the nutritional deficiencies of our eyes, rejuvenating and restoring our perfect vision.
Reply
Poverty In Mumbai
| #
Pretty! This was a really wonderful post. Thank you for your provided information.
Reply
travel depok semarang
| #
What i don’t realize is actually how you’re now not really a lot more smartly-appreciated than you might be now. You’re so intelligent. You understand thus significantly when it comes to this topic, produced me in my view believe it from so many varied angles. Its like men and women don’t seem to be interested except it is one thing to do with Woman gaga! Your individual stuffs outstanding. All the time maintain it up!
Reply
sewa mobil lepas kunci nusa dua
| #
I love it when people come together and share opinions, great blog, keep it up.
Reply
Truth About Hypnosis
| #
Today, while I was at work, my sister stole my iphone and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!
Reply
nintoto
| #
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Reply
Science Behind The Paranormal
| #
Very interesting topic, regards for putting up.
Reply
Segurança Colaborativa e Compartilhada
| #
Hello I am so delighted I found your weblog, I really found you by mistake, while I was browsing on Aol for something else, Regardless I am here now and would just like to say many thanks for a remarkable post and a all round thrilling blog (I also love the theme/design), I don’t have time to read it all at the moment but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the superb job.
Reply
quietum plus review
| #
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Reply
contagem de horas
| #
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be book-marking and checking back frequently!
Reply
kinerja p2p lending
| #
I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again since exactly the same nearly very often inside case you shield this increase.
Reply
invoice online
| #
I love your blog.. very nice colors & theme. Did you create this website yourself? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks
Reply
hypnosis therapy
| #
I truly enjoy looking at on this web site, it has got superb articles. “The living is a species of the dead and not a very attractive one.” by Friedrich Wilhelm Nietzsche.
Reply
hero4d
| #
Very nice post. I just stumbled upon your blog and wanted to say that I’ve truly loved surfing around your blog posts. After all I’ll be subscribing for your rss feed and I am hoping you write once more very soon!
Reply
debutoto
| #
Hey There. I found your blog using msn. This is an extremely well written article. I will make sure to bookmark it and come back to read more of your useful info. Thanks for the post. I’ll certainly comeback.
Reply
vidsrc
| #
I admire the way you use your platform to advocate for positive change and empower others to make a difference in the world.
Reply
Fortune Tiger Estratégia
| #
Very interesting info !Perfect just what I was looking for!
Reply
barista academy
| #
Very interesting information!Perfect just what I was searching for!
Reply
dubai holiday packages
| #
I think other web site proprietors should take this website as an model, very clean and magnificent user genial style and design, as well as the content. You are an expert in this topic!
Reply
uk mba in malaysia
| #
I am always browsing online for articles that can assist me. Thx!
Reply
fichier m3u iptv
| #
Greetings! Very helpful advice on this article! It is the little changes that make the biggest changes. Thanks a lot for sharing!
Reply
ladangtoto
| #
I am so happy to read this. This is the type of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this greatest doc.
Reply
Fortune Tiger Estratégia
| #
You have noted very interesting points! ps nice website .
Reply
Fortune Tiger Estratégia
| #
I was just looking for this information for some time. After six hours of continuous Googleing, finally I got it in your website. I wonder what is the lack of Google strategy that don’t rank this type of informative sites in top of the list. Generally the top sites are full of garbage.
Reply
kera biotics
| #
Hi there, just became alert to your blog through Google, and found that it’s really informative. I’m gonna watch out for brussels. I will be grateful if you continue this in future. Many people will be benefited from your writing. Cheers!
Reply
Glucoberry Review
| #
I will immediately grab your rss feed as I can not find your email subscription link or e-newsletter service. Do you’ve any? Kindly let me know so that I could subscribe. Thanks.
Reply
continue reading
| #
I was reading through some of your articles on this website and I conceive this internet site is real informative! Retain putting up.
Reply
fitspresso
| #
I got what you intend, appreciate it for posting.Woh I am lucky to find this website through google. “Food is the most primitive form of comfort.” by Sheila Graham.
Reply
Prostadine
| #
Hi, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me crazy so any help is very much appreciated.
Reply
sightcare
| #
I view something really interesting about your website so I saved to fav.
Reply
ikaria lean belly juice
| #
Ikaria Lean Belly Juice is a fast-acting weight loss supplement that is developed to incinerate stubborn fat.
Reply
Puravive
| #
You made some decent points there. I looked on the internet for the topic and found most persons will agree with your blog.
Reply
Prodentim Reviews
| #
A person essentially help to make severely posts I would state. This is the first time I frequented your website page and up to now? I amazed with the research you made to create this actual put up extraordinary. Magnificent process!
Reply
tours of bruny island
| #
Thanks for another informative site. Where else could I get that type of info written in such a perfect way? I’ve a project that I’m just now working on, and I’ve been on the look out for such information.
Reply
download lagu 321
| #
You have observed very interesting points! ps decent web site.
Reply
Java Burn
| #
I really appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again
Reply
goldiptv
| #
I’ve recently started a web site, the information you offer on this web site has helped me tremendously. Thank you for all of your time & work.
Reply
audentes education
| #
Hey very nice web site!! Guy .. Beautiful .. Amazing .. I’ll bookmark your blog and take the feeds also?KI’m glad to find so many useful information here in the put up, we want work out more strategies in this regard, thanks for sharing. . . . . .
Reply
slot deposit 5000
| #
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
Reply
renew reviews
| #
Renew is not just another sleep aid; it’s a comprehensive nutritional formula
Reply
macn
| #
Wow! Thank you! I permanently needed to write on my blog something like that. Can I include a fragment of your post to my website?
Reply
link hiu168
| #
Hey very cool site!! Man .. Beautiful .. Amazing .. I’ll bookmark your website and take the feeds also…I’m happy to find so many useful information here in the post, we need develop more strategies in this regard, thanks for sharing. . . . . .
Reply
link alternatif jimbaslot
| #
Hello.This post was really remarkable, especially because I was searching for thoughts on this subject last Friday.
Reply
kuda312
| #
Would you be taken with exchanging links?
Reply
Tonic Greens
| #
Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read?
Reply
créer une sasu en ligne
| #
I will right away grasp your rss feed as I can’t find your email subscription link or newsletter service. Do you have any? Kindly permit me recognize in order that I could subscribe. Thanks.
Reply
Fitspresso
| #
I’ve been absent for a while, but now I remember why I used to love this web site. Thank you, I’ll try and check back more often. How frequently you update your website?
Reply
Sugar Defender
| #
I believe other website proprietors should take this internet site as an example , very clean and good user pleasant style.
Reply
https://mesirbagus.com/
| #
I likewise conceive thus, perfectly composed post! .
Reply
The Wave Academy Sdn Bhd
| #
I have been reading out some of your posts and i must say pretty good stuff. I will make sure to bookmark your blog.
Reply
jva Malaysia
| #
I am no longer certain the place you’re getting your info, but great topic. I needs to spend a while finding out more or working out more. Thank you for fantastic info I was in search of this information for my mission.
Reply
toko alat survey
| #
You made some good points there. I did a search on the subject matter and found most persons will approve with your blog.
Reply
lottery defeater
| #
Good day I am so happy I found your website, I really found you by error, while I was looking on Bing for something else, Nonetheless I am here now and would just like to say kudos for a incredible post and a all round entertaining blog (I also love the theme/design), I don’t have time to read it all at the moment but I have book-marked it and also added your RSS feeds, so when I have time I will be back to read a great deal more, Please do keep up the fantastic job.
Reply
eye doctor sydney ophthalmologist
| #
What i don’t realize is in fact how you are now not really much more neatly-favored than you might be right now. You’re very intelligent. You realize therefore considerably with regards to this topic, made me for my part consider it from a lot of numerous angles. Its like women and men don’t seem to be involved except it’s one thing to accomplish with Girl gaga! Your personal stuffs outstanding. At all times deal with it up!
Reply
electric fence Malaysia
| #
You actually make it appear really easy together with your presentation however I find this matter to be really something that I feel I would by no means understand. It seems too complex and very broad for me. I am taking a look forward on your subsequent put up, I will attempt to get the dangle of it!
Reply
Blow Molding Machine
| #
Heya i am for the first time here. I came across this board and I to find It really helpful & it helped me out much. I am hoping to give something back and aid others such as you aided me.
Reply
online courses
| #
I found your weblog web site on google and examine a number of of your early posts. Proceed to keep up the very good operate. I just further up your RSS feed to my MSN News Reader. Seeking forward to studying extra from you in a while!…
Reply