Define social values created by a diverse range of organizations including profit generating companies, non-profit organizations and public institutions, and measure the social value created by the corresponding entities
Dissemination of the awareness of social values among members of the society
- Define social values and develop performance indices reflecting characteristics of each organization
- Secure transparency and reliability of the standards for measuring social performance
- Fortify effective communication with internal and external stakeholders of the organization subject to measurement
- Non-profit generating organizations such as cooperatives and corporations
- Hybrid organizations such as social enterprises and social ventures, etc
- Profit-generating companies such as limited companies, etc
- Public institutions such as public enterprises and government-supported institutions, etc.
Accounting principles based on the convenience/cost of the concerned party
- Measure the conveniences and costs generated in the account of the interested party
Principles of applicable market standards - In principle, conversion of monetary value through estimation of market price
Conservative principle - Apply universally acceptable standards to ensure definitive standard value (proxy)