Whats the difference between “performance-based” and “practice-based” metrics?
The Stewardship Index intends to focus on developing measurable, verifiable performance-based metrics. Performance-based metrics will, to the extent feasible, measure actual desired outcomes (e.g., gallons of water conserved, units of energy conserved, etc). These outcomes will occur only if best practices are adopted (e.g., drip irrigation, conservation tillage, etc). By focusing on outcomes, instead of practices, individual firms are freed to innovate and find the practices that work best for them while providing the public with actual data to demonstrate benefits.
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