Impact accounting underpins full impact transparency
Impact valuation and accounting is advancing rapidly. We believe that the ability to put a credible monetary value on impact, enabling the integration of financial and sustainability reporting, is a game changer.
With the support of GSG Impact, the International Foundation for Valuing Impacts (IFVI) has been set up, in partnership with the Value Balancing Alliance (VBA), to develop and implement impact accounting methodologies. Action is underway in many countries, with evidence from the Harvard Business School Impact Weighted Accounts Initiative (IWAI) suggesting growing adoption of impact accounting.