Le Lézard
Classified in: Oil industry, Business
Subjects: NPT, ECO

For Pioneers of Total Impact Valuation, Standardization is the Next Frontier


NEW YORK, Sept. 12, 2019 /PRNewswire/ -- From greenhouse gas emissions to gender pay ratios, today's companies are expected by institutional investors and others to share an ever-broader array of nonfinancial reporting to ever-widening circles of stakeholders. Starting in 2017, The Conference Board has tracked the rise of a response to these new expectations: total impact valuation. The ambitious practice entails attempting to identify and quantify in monetary terms the sum total of a company's economic, social, and environmental impacts. 

(PRNewsfoto/The Conference Board)

Published today, Total Impact Valuation: Insights from 10 Trailblazers marks the second phase of this ongoing research initiative. It zeroes in on the practical application and implications of the impact valuation approach via surveys and in-depth interviews with ten diverse organizations at the vanguard of the practice: AkzoNobel, Argos, BASF, LANXESS, Linde plc, Novartis, SGS, The Crown Estate, The Travel Foundation, and UPM.  Among the report's key insights for what's ahead:

"As environmental, economic, and social sustainability rise in urgency, the standardization of impact valuation methods stands to be one of the defining business developments of the next decade," said Thomas Singer, Principal Researcher at The Conference Board and author of the report. "Leaders and organizations that join the conversation today have the opportunity to shape the non-financial 'accounting standards' that, for future generations, may be as central to understanding a company's performance as the P&L statement itself."

About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.     

SOURCE The Conference Board


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