On 19 September next, the meeting ".Monetisation and management of the impact for transparency"organised by Spain NAB.
The meeting will discuss how two of the most widely used impact methodologies, which are used by 2,000 organisations worldwide, help to drive impact and transparency:
- The methodology of Impact-Weighted Accounting (IWA) to calculate the monetisation of the impact.
- The standards SDG Impact UNDP's impact management tools are designed to improve impact management.
What are the objectives of the meeting on monetisation and impact management?
The objective of the meeting is part of the strategy to develop the impact economy in Spain by joining forces and generating spaces for the exchange of knowledge, experiences and collaboration.
The impact economy requires, among other changes, that the traditional company begins its transition from the profitability-risk binomial to the profitability-risk-impact trinomial in economic-financial decision-making. In this transition to impact, the valuation and monetisation of social and environmental effects, whether positive or negative, will be a decisive aspect of business success.
To reinforce this line of work, SpainNAB has been working on a taskforce of companies that aims to promote the standardisation of Impact Measurement and Management to boost the impact investment market.
Based on defining, measuring, communicating and managing impact, the work has led to progress towards a new system of financial accounting that monetises both the positive and negative impacts of companies.