Next Tuesday, WifOR Institute and GIST Impact will jointly release their value factors through the Capitals Coalition network – a significant milestone in democratizing access to the data necessary for advancing impact accounting. 🚀Why is this important? Decision-makers worldwide must balance social, environmental, and economic factors – for which reliable and comparable data is key. Making value factors publicly accessible is a crucial step toward enhancing transparency and promoting responsible action. 🎯Our progress so far: WifOR released its value factors in August 2023. Collaborating with GIST Impact to publish our value factors in collaboration with the Capitals Coalition network represents another major step forward. 🔍 Looking Ahead: While this publication marks a noteworthy achievement, further steps are needed to establish a common standard. We call on other providers to make their data transparent. Additionally, we invite the scientific community to engage in refining these methodologies. Through further collaborations and joint efforts, we can establish common standards for Impact Valuation, helping businesses better assess and compare their social, environmental, and economic contributions. #Impact #Sustainability #ImpactAccounting
It's all about collaboration and a shared intent to bring solutions out as widely as possible. We are pleased to observe this positive dynamic within our network. More to follow! 🌱 #collaboration #network #sustainability GIST Impact WifOR Institute