3rd-Party Endorsements

Although the Certified TBL program is relatively new, the methodology behind it is not.  Indeed, the use of context-based performance accounting tools has been widely advocated for years now, including by the world’s leading international standard for sustainability measurement and reporting, the Global Reporting Initiative, in the form of its Sustainability Context principle.

Separately, in 2015, the United Nations Environment Programme (UNEP) published a special report on corporate reporting entitled, Raising the Bar – Advancing Environmental Disclosure in Sustainability Reporting, in which it specifically recommended that all organizations take a context-based approach to measuring and reporting their environmental performance, while at the same time recognizing the MultiCapital Scorecard as a leading methodology for how to do so.

More recently, the B Impact Assessment tool used by businesses to qualify as Certified B Corps was enhanced to recognize and reward the use of context-based metrics by organizations; as was the MultiCapital Scorecard designated by the owners of the B Corp certification, B Lab, as an approved third-party performance accounting tool for Benefit Corporations.  What this means, of course, is that a Certified TBL Org could also be a Certified B Corp or Benefit Corporation, and that the Certified TBL program in no way competes with either of these other programs. Indeed, they are highly complementary!

The Context-Based Sustainability and MultiCapital Scorecard methodologies featured in the Certified TBL program are also strongly supported by the Reporting 3.0 Platform, a European-based non-profit working tirelessly to promote the emergence of a more regenerative and inclusive economy by helping to develop next-generation best practices in the fields of reporting, accounting, data, finance, new business models and more.