The Rise of Impact Accounting – The future of reporting

Detalles

It's time to think beyond traditional financial reporting. Companies that measure and report on their financial, social, and environmental impact make informed decisions that benefit not only their bottom line, but also society and the planet.

According to Gartner, 83% of business leaders believe that their sustainability programs directly create short- and long-term value for their organization.

Impact accounting is driving a shift towards a more comprehensive valuation of financial and non-financial capital.

By going beyond traditional financial metrics, companies gain a deeper understanding of their overall performance, avoid risks, and make better business decisions.

Some interesting conclusions collected in the report:

Transparency is becoming the new norm as companies go public about their impacts, paving the way for companies to be more transparent.
With holistic capital accounting, companies can assess the positive and negative impacts on all capitals.
Impact accounting frameworks will continue to become more accurate, demanding, and consistent.