Impact-Weighted Accounts

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Description

From a ASBC webinar:

"What are impact-weighted accounts? Impact-weighted accounts are line items on a financial statement, such as an income statement or a balance sheet, which are added to supplement the statement of financial health and performance by reflecting a company’s positive and negative impacts on employees, customers, the environment and the broader society. The aspiration is an integrated view of performance which allows investors and managers to make informed decisions based not only on monetized private gains or losses, but also on the broader impact a company has on society and the environment."


Principles

"Every successful effort organizes around a core set of beliefs and principles.


The following are ours:

- Impact can be measured and compared

- Impact should be measured within an accounting framework with the aim of harnessing our economy to improve our society and planet

- Transformational change requires that impact measurement be scalable

- To be scalable it needs to be actionable and cost-effective"

(https://www.hbs.edu/impact-weighted-accounts/Pages/default.aspx)