Impact Management and Accounting with IWAF

The new profit is impact

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?

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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:

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Strategy & transition plans
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Investment decisions with the Impact Return on Investment (IROI)
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Day-to-day decision-making
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Integrated reporting with the Integrated Profit and Loss (IP&L)
Impact accounting provides a holistic outlook on performance, turning every enterprise into an impact enterprise.

Of those investors who want impact information, 66% want to see companies disclose the monetary value of that impact.

Source: PWC report on Impact company valuation

Impact management and accounting is a cornerstone for the Impact Economy which uses the power of markets for the common good.

The Impact-Weighted Accounts Framework (IWAF) helps businesses move towards that impact economy by providing the right tools and information. IWAF makes impact information:
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Fit for decision-making
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Easy to understand
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Actionable

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
Impact accounting shifts attention from inputs, outputs and outcomes to impact, the difference the organisation makes on well-being of stakeholders.
Prioritize between impacts

Through the valuation of impacts, IWAF facilitates organizations to prioritize the impacts with the largest costs or contributions to society.

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Harmonised impact language
By valuing impacts in monetary terms, IWAF creates an accessible and comparable language for impact which can be understood by everyone in the organisation.
Holistic view on value creation
The Integrated Profit & Loss Statement provides an holistic view on value creation, showing the interrelatedness between financial value creation and impact.
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Leveraging financial infrastructure
By monetizing environmental and social impact, we can readily analyze and act upon information using the same management systems that are already well understood by firms, investors, and regulators.

Organisations working withIWAF

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.

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Want to start with the Impact-Weighted Accounts Framework but not sure where to start or have any questions about it? 

We want to hear from you and help you apply the IWAF in your organisation!