The pm2 Sustainability Scorecard

Every employee, team, department and business should know what they have done this week/month/ quarter/year towards strategic and sustainability success.

The Sustainability Scorecard is the first truly triple-bottom line monthly scorecard. It combines best-practices in measuring an organization’s strategic performance with best-practices in measuring sustainability.

The scorecard can incorporate any framework (UN-SDG, GRI, , FFBB, etc.), work in any industry, and takes sustainability up to the Board and down to the individual – and everything in between.

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Beyond the Sustainability Scorecard

Beyond the Sustainability Scorecard

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Drill Down KPIs

Employee

Portfolio

Risk

Sustainability Scorecard

Drill Down KPIs

Through our unique “Ontology” approach, your team is able to quantify the linkage between strategic success and each core process and project (initiative).

This allows you to:

  • ● Determine the key performance nodes – and where to measure
  • ● Determine the gap between current sustainability performance and what is required to achieve sustainability success
  • ● Determine the gap-closing potential for each of your proposed projects
  • ● Estimate a “Strategic Return on Investment” (SRoI) – helping compare unlike projects, and those that offer longer-term or non-financial benefits

Employee

Sustainability occurs at the employee level. To attain sustainability it must become everyone’s everyday job.

The Sustainability Scorecard allows people to make sustainability happen. Strategy gets cascaded down to teams and individuals so that:

  • ● Every employee can understand their purpose in achieving sustainability
  • ● They can see their progress on an on-going basis
  • ● Employees become autonomous in sustainability decisions based on their knowledge of purpose and ability to see progress
  • ● They can show and talk to their friends and family about their personal, team, department and company contribution to sustainability. Socialization.
  • ● They can self manage their careers… The need for annual performance reviews is reduced by more frequent, less formal, performance conversations.

Once an area has completed their “Drill down KPI’s” workshop, creating team and individual scorecards takes about two days per team and delivers a scorecard, with associated role-clarity, for each individual or job-family, as desired.

Portfolio

Optimizing your project (initiative) portfolio given constrained resources, such as cash or IT resources, and project benefits that may be very long-term, non-financial, or regulatory related, is difficult.

The portfolio management module is a plug-in after you have completed the related “Drill Down KPI’s” workshops and allows your Project Management Office to select projects for maximum regulatory and strategic benefit against up to three constrained resources.

Risk

The Strategic Risk Scorecard partners the Sustainability Strategy Map and priorities with your risk register to give you a single, integrated view of risk and rewards.

The Strategic Risk Scorecard is able to prioritize your risks based on their strategic impact (not peoples opinions) and, combined with the Sustainability Scorecard, can provide with accurate monitoring of actual risks on an on-going basis.

The strategic risk scorecard:

  • ● Allows leadership to talk about risk and reward at the same time, in the same meeting, with the same people!
  • ● Changes risk management to a continuous process (from an annual audit)
  • ● Provides visibility of risk by all employees, stakeholders and regulators, to the extent of your choice
  • ● Makes risk visible and actionable
  • ● Is created top-down and bottom-up, revealing disconnects and misalignment

The Strategic Risk Scorecard takes between a week and a month to create, depending on your current risk and strategic management processes.

Sustainability Scorecard

The sustainability strategy map shows your hypothesis on achieving triple-bottom-line successes. To create this we use your existing strategy along with your preferred sustainability framework(s) and strategy best-practices. (Articles on the Sustainability Strategy Map: Part 1, Part 2). This typically take a leadership team about 3 hours.

To ensure that your draft sustainability strategy map covers the full scope of sustainability best-practices, we check your map against the established framework(s). In addition, we use the Future-Fit Business Benchmark and its science-based 21 Business Goals. This usually takes just an hour or two.

All organizations have far more data then is currently seen by management – the trick is to find the best available indicator for each Strategic Goal. (There will always be the opportunity to improve the quality of your selected indicator, if the need arises). In addition we try to incorporate the Future-Fit Business Benchmark recommended measures. Depending on the availability of data, this step can take between a couple of days and a week.

The best car dashboards in the world do not make us into better drivers… nor do great business scorecards automatically make your leadership team into great leaders! The final step is to show and coach your team into using your new scorecards to run better and more productive performance meetings. This step is just half a day – unless you’d like on-going support and coaching.

 

Downloadable Brochure