Project Description

From Transparency To Transformation:

Unlocking the full potential of CSRD through impact accounting

The Impact Economy Foundation (IEF) introduces the Impact-Weighted Accounts Framework (IWAF) as a transformative tool for organisations already on the path to CSRD compliance.  This paper explores the parallels between the Corporate Sustainability Reporting Directive (CSRD) and the Impact-Weighted Accounts Framework (IWAF) while highlighting how IWAF surpasses transparency to instigate transformation. It delves into five key differentiated features that distinguish IWAF, illustrating its role as a transformative tool for impact management. Through a meticulous analysis of these features, the paper elucidates how IWAF is not a disruptive framework in the face of current regulations but rather an empowering complement.

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Transition From Impact Reporting to Impact Management with IWAF

While CSRD ensures transparency in impact disclosure, it lacks clear directives for impact management and decision-making. IWAF addresses this by guiding organizations to strategically manage and leverage impact data, enhancing decision-making beyond reporting.

IWAF’s Features Complementing CSRD for Impact Management 

Informed Trade-Offs

IWAF’s monetary valuation, yield impacts comparable, hence facilitating informed decision-making and helping companies prioritise activities for enhanced stakeholder welfare

Enhanced Materiality Assessment

IWAF improves materiality assessments by using a rights-based approach and quantitative valuations for standardized impact integration

Harmonised Impact Language

IWAF’s monetary valuation simplifies stakeholder collaboration and integrates impact into financial systems for integrated value creation

End-to-End Value Chain Scope

IWAF expands impact analysis to encompass the entire value chain, offering a more comprehensive understanding of value creation and enhance accountability

Holistic Value Creation Overview

IWAF’s IP&L provides a holistic view of organizational value creation across six capitals, improving executive summaries and performance progress tracking

More resources

Download the short guide providing the highlights of the paper for a clearer understanding of how IWAF operationalizes transparency mandated by CSRD.

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