At Fiqus, we are very interested in this subject.
In our cooperative we have economic, financial and customer metrics. But we are also working on developing a tool to measure cooperative actions.
In theory, cooperatives should base their actions on 7 principles, defined as the “seven cooperative principles”
Throughout the year, we carry out actions from our organization and assign them to one or more principles. Then, at the end of the year we carry out a balance, known as “social balance”. In this way we measure the impact of our actions, guided by cooperative principles, to give them as much importance as economic metrics.
The tool we are working on will be free software and will allow us to monitor our cooperative actions in order to measure their impact. As soon as we launch it we will share it.
All the best,