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From Growth to Prosperity With Impact Accounting

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posted on 2025-03-12, 19:31 authored by Werner Schouten
The financial sector lacks reliable impact information to balance societal impact with financial value. Impact accounting can support an Impact Economy, where markets drive well-being. ESG data is inconsistent, and regulations like CSRD help but are insufficient. The Impact-Weighted Accounts Framework (IWAF) quantifies social impacts, aiding investors and companies in decision-making. By integrating impact into strategy and adjusting market incentives, businesses can better address social challenges.

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Copyright, Accountability in a Sustainable World Quarterly, CARE Center for Accounting Research and Education

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