DATE: June 20, 2017
SUBJECT:
Title
PRESENTATION ON THE TRIPLE BOTTOM LINE AS A POTENTIAL MEASUREMENT AND MANAGEMENT SYSTEM FOR PUBLIC BENEFIT PERFORMANCE AND DIRECTION TO STAFF
Body
EXECUTIVE SUMMARY:
At the January 31, 2017 Board retreat, District staff presented an 18-month strategy map which aligned high-priority projects under four key strategies to improve the District's performance as a public agency: improve our culture, increase the effectiveness of our operations, grow our business lines, and establish and communicate our brand. The initial 18-month horizon for the strategy map allowed the District to align the strategic planning process to the budget process while bridging two calendar years. At the retreat, members of the Board emphasized the importance of taking a more scientific approach to measuring and managing the ways in which the District delivers public benefit throughout tidelands. Additionally, Board members stressed the importance of defining key performance indicators to better understand how the District's projects and priorities are performing throughout our portfolio of responsibilities.
To improve the measurement and management of public benefit performance at the District, staff identified a project on the strategy map to research and introduce the Triple Bottom Line (TBL) to the Board. TBL is a reporting framework that recognizes that organizational sustainability and accountability encompass more than just the financial bottom line. Specifically, there are two other bottom lines which reflect an organization's performance with respect to the environment and people. This three-pronged approach - which at the District might be called People, Planet, and Prosperity - is an internationally-recognized approach to performance measurement and management. Gathering the appropriate data, setting benchmarks, establishing key performance indicators, drawing insights from our review of the data, and taking specific actions based on those...
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