Impact Management and Accounting with IWAF
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To realize an Impact Economy that creates well-being for all, it’s vital to redefine value in business: from maximizing short-term financial gains to optimizing societal impact.
While talking with many different businesses and organizations we heard the same questions: How to reliably measure and compare these impacts? And how to manage these?
The Impact-Weighted Accounts Framework (IWAF) provides a business with a revolutionary approach that changes how organizations measure success. IWAF facilitates businesses and investors to measure their social, human and environmental impacts and translate them into the language of currency.
Valuing impacts facilitates impact management as it puts impact information at the heart of:
Strategy & transition plans
Of those investors who want impact information, companies disclose the monetary value of that impact.
Impact management and accounting is a cornerstone for the Impact Economy which uses the power of markets for the common good.
Fit for decision-making
What we offer
Benefits of Impact accounting
Impact Accounting doesn’t have to be complicated. the Impact-Weighted Accounts Framework aims to fill the gap of a missing international standard that ensures complete and consistent Impact-Weighted Accounts.
Steer on purposeful impact
Prioritize between impacts
Through the valuation of impacts, IWAF facilitates organizations to prioritize the impacts with the largest costs or contributions to society.
Harmonised impact language
Holistic view on value creation
Leveraging financial infrastructure
Organisations working with
Get started with impact accounting.
Get started with Impact Accounting by using our Impact-Weighted Accounts Framework.
IWAF is written on behalf of the Impact Economy Foundation by a.o., experts from Harvard Business School, Singapore Management University, Rotterdam School of Management and Impact Institute.
RESOURCES
Discover more about IWAF
Reading Guide
The IWAF and supporting documents
The Impact Economy Foundation is proud to present the Impact-Weighted Accounts Framework (IWAF). The framework itself is supported by (i) two documents that provide context: an introduction and a conceptual framework; and (ii) by three supporting documents: a summary, a guide for practitioners and a FAQ.
Success Stories
IWAF in Practice by organisations
Find out more about the way in which IWAF is applied in practice by organisations. On this page, you find the different use cases of the Impact-Weighted Accounts Framework.
IWAF Webinar
Pioneering Impact: The Future of Business with Impact-Weighted Accounts
On September 12th, we invited Paul Polman, Peter Bakker, Dr. Hao Liang, Leslie Kapin, Walter Bien, Gu Qing, Eric Buckens, Adrian de Groot Ruiz, and Werner Schouten to share their insights and expertise on impact accounting, demonstrating how the Impact-Weighted Accounts Framework (IWAF) is helping businesses integrate impact into their decision-making processes.
Infographics
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Webinars
The IWAF: public consultation & practitioner-oriented webinars
The Impact Economy Foundation launched the public consultation of the IWAF and a practitioner-oriented webinar. You can watch the recordings here.
Education
Exploring Impact-Weighted Accounts: Harvard Business School Online
A 35-minute lesson with Prof. George Serafeim and Sir Ronald Cohen.
Get in touch
For any questions or to join the movement, reach out to us via the contact form and we will get back to you as soon as possible!