A New Scheme for the Evaluation of Socio-Economic Performance of Organizations: A Well-Being Indicator Approach

In this paper we propose to evaluate socio-economic performance of organizations through a well-being approach. Our aim is to build a composite indicator for product socio-economic impacts. As composite indicators are useful to simplify the behaviour of complex phenomena, a methodology based on wellbeing indicators is developed in the scope of the affected population. The organization actions are connected to the weights of the well-being indicators based on the effective links existing between these actions and the well-being dimensions. Thereafter, the links between variables from social reporting and life cycle inventory indicators are defined by conducting a Delphi expert consensus method on the basis of the “Wisdom of crowds” theory.