KSPIs are a measure of how the business is performing on delivering on its main social mission.
KSPIs are what defines the business as distinctly social or environmental.
Only businesses with a positive social mission will have KSPIs. For example, a Fair trade business might set out to offer as much finance or support to producers in developing countries as possible; or a renewable energy company might be looking to save carbon or reduce fuel poverty, or both.
Whilst a fully commercial company may report on a range of social and environmental criteria, it will struggle to come up with a KSPI that demonstrates it has a social mission. What could the KSPI of a car manufacturer or an oil company possibly be?! KSPIs therefore mark out Ethex businesses from those with no clear social mission.
KSPIs are usually unique to each business. However as new businesses join, Ethex plans to further develop its KSPI model to the point where businesses working in the same ethical sector or community of benefit might be expected to be measured by the same KSPIs.
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