Impact Economy Foundation is holding a public consultation on the Impact-Weighted Accounts Framework that will be launched in June and will be open through September 2022.
The launch webinar ‘Impact-Weighted Accounts Framework (IWAF): Paving the way to long-term value creation for all” is taking place on June 2nd, 2022 (14:00-15:3- CEST) and will discuss the importance of IWAF and its practical applications.
The event is a unique opportunity to understand the importance of impact management.
About the Impact-Weighted Accounts Framework (IWAF)
The IWAF is a standard that provides guidelines and definitions to quantify non-financial impact of organisations. This allows organisations to include in their yearly reports not only the financial accounts report but also the value creation or reduction to all stakeholders of their organisation: employees, customers, the environment and the broader society. As a result, companies following IWAF-guidelines can steer on purposeful and intentional impact that benefit society, while ensuring their own license to operate.
This framework is the result of a partnership of IEF with Harvard Business School, Singapore Management University, the Rotterdam School of Management and Impact Institute.
The IWAF helps organizations work with Impact-Weighted Accounts (or IWAs), and thus quantitatively assess their impact. IWAs describe how organizations create or destroy long-term value to all stakeholders, beyond the financial impact.
- For more information about the work of the Impact Economy Foundation visit IEF website.