Conceptual Framework for Impact-Weighted Accounts
Impact-Weighted Accounts – or IWAs – are a way for organisations to quantitatively assess their impact: how they create value to all stakeholders. The uptake of compiling and publishing IWAs is a key step in the transformation of our economy into an impact economy: a sustainable economy that creates value for everyone.
The Impact-Weighted Account Framework (IWAF) helps organisations to compile IWAs by providing the key concepts, requirements, and guidance.
This conceptual framework for Impact-Weighted Accounts introduces the key concepts It is to be read in conjunction with the other publications of IWAF.
Incubating the Impact-Weighted Accounts Framework
The Impact-Weighted Accounts Framework is incubated by the Impact Economy Foundation (IEF) together with thought leaders and leading practitioners in an inclusive and scientific manner. IWAF is in partnership with the Impact-Weighted Accounts Initiative from Harvard Business School, Singapore Management University, Rotterdam School of Management, and Impact Institute.
Current draft – Open for public consultation until September 2022
The current draft represents the progress as of December 2021. We are holding a public consultation, open until September 2022. Read more and answer the consultation questions.
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Do you want to know why we should measure impact beyond financial profit and how IWAF fits into this?