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Agenda
- Objectives
- CEARC
- Background to Co-operative Performance Indicators
(CPI)
- What do we know about our co-ops’ performance?
- A co-operative performance analysis
- CPI app tour
What is your co-operative performance? Using Co-operative - - PowerPoint PPT Presentation
What is your co-operative performance? Using Co-operative - - PowerPoint PPT Presentation
What is your co-operative performance? Using Co-operative Performance Indicators Fiona Duguid, CEARC, Saint Marys University Agenda Objectives CEARC Background to Co-operative Performance Indicators (CPI) What do we know about
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Objectives of the Presentation
- To expand our understanding about what we measure
and report on about our co-operatives.
- To lay the foundation for measuring and reporting using
the co-operative principles.
- To introduce Co-operative Performance Indicators.
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Centre of Excellence in Accounting and Reporting for Co-operatives (CEARC)
- Centre of Excellence in Accounting and Reporting for
Co-operatives (CEARC)
- Formed in 2007 - founding partner: CPA Canada
- Conduct research into:
- Accounting for coop purpose & multiple bottom lines
- Integration of financial and non-financial reporting
- Accounting for cooperative members’ funds
- The characteristics & behavior of capital in coops
- Social and environmental reporting
- International Journal of Co-operative Accounting and
Management
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Why are Co-operative Indicators Important for Co-operatives?
- Stakeholders (i.e., members, employees, future recruits,
general public) are increasingly interested in the co-operative performance of business enterprises
- Can be used to illustrate the impact of the co-operative
- Benchmarks provided for the co-operative and the co-operative
sector
- Indicators and benchmarks can be used by the co-operative in
strategic planning and in goal setting
- Can be used in communications with members
- Opportunities to learn about best practices in a wide array of
co-operatives
- Opportunities to reduce operating costs through various
initiatives
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Co-operative Performance Indicators
An integrated, online system of collection, measurement, and reporting using co-operative principles as the basis
- f indicators and metrics.
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Economic Indicators Poll
www.menti.com Code 26 24 58 For Example: Revenues Profits Expenses Liquidity Cash Flow Inventory Turnover Return on Investment
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Economic Indicators
How are you able to use this information?
- Report to members, board, employees, CRA
- Plan and manage operations accordingly
- Forecast
- Strategize
- Market
- Difference as an enterprise
How do you keep track of everything?
- Bookkeepers
- Accountants
- Treasurers
- Simply Accounting etc. etc.
- TaxPro etc. etc.
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Social and Environmental Indicators Poll
www.menti.com For example: Community Donations Volunteer Hours Diversity at Governance Level Greenhouse Gas Emissions Waste Energy Efficiency Living Wage
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Social and Environmental Indicators
How are you able to use this information?
- Report to members, board, employees, CRA
- Plan and manage operations accordingly
- Forecast
- Strategize
- Market
- Difference as an enterprise
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How could co-ops measure social and environmental impact?
What social and environmental tools exist?
- 74 and counting
- Much talked about: GRI, SROI,
AccountAbility, IIRC, Social accounting, B-corps, STARS, Earth Charter, United Nations Global Compact
- Many proprietary, purpose built, to be used
alone, not standardized across, many different motivations for use http://persistent.cs.smu.ca/Measuresmart/
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What about Co-operative Indicators? So if we value economic indicators and some emphasis is put on social or environmental indicators, why not indicators that help us to truly understand what is means to be a co-operative. Lets move beyond the anecdotal. Lets collect, measure and report on what it means to be a co-operative.
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- The project is designed and implemented using
participatory action research (PAR)
- With the co-ops and CU’s selecting and agreeing on
small number of non-financial indicators/ metrics
- Identified 12 co-ops/credit unions across Canada to
participate in the pilot project
- Sample: representatives from each geographic region
- f Canada, French and English, and various types,
industries, sizes and maturity
- The app facilitates collection of data and production of
reports
Co-operative Performance Indicators Development
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Co-operative Performance Indicators
http://persistent.cs.smu.ca/CPI/
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Take-Aways
Part of a movement with a difference Co-operatives have differences that other enterprises can not touch – why not report on them? The power of data – benchmarking, reporting, strategic planning, actualizing what is important
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