INTEGRATED PROFIT & LOSS ACCOUNT
Client
ABN AMRO bank is one of the largest banks in the Netherlands and it has reported on its value creation to society since 2018.
Project description
We supported ABN AMRO to measure the full societal impact of its activities as a whole. We conducted a company wide IP&L in accordance with Impact Institute’s Framework for Impact Statements (FIS). In addition, ABN AMRO’s Impact Reports received (limited) assurance.
All material impacts of ABN AMRO’s operations and portfolios were measured and monetized, ranging from CO2-emissions of clients to well-being of employees.
The measurements were executed using software models and databases we developed. The models make use of the IP&L Core impact engine.
Benefits to the client
The Impact Report offers ABN AMRO the possibility of steering on impact. This allows the organisation to assess negative and positive consequences of its business model in an all-encompassing and insightful manner. Moreover, the Impact Report helps ABN AMRO communicate about its impact.
* The customer was working with the Impact Institute under its former name, True Price
