The “true” value contribution of business – The future of accounting and reporting

Global Solutions Hub in cooperation with the Value Balancing Alliance

The value balancing alliance e.V. (VBA) is a non-profit organization founded in June 2019 by global companies to develop and promote a methodology to assess company’s impacts on nature, society, and the economy in monetary terms along the value chain. In addition, the Alliance develops a concept how this information can be reflected in the profit & loss account and the balance sheet along the traditional financial statements. The Alliance has four primary objectives: a) to standardize a methodology to assess the broader enterprise value based on multi-capital accounting and impact valuation; b) to design a disclosure frame for comparability; c) to pilot the methodology in business steering; d) to make outcomes publicly available. The aim is to provide a comprehensive set of robust and assured data on natural, social and human capital for stakeholders to improve decision-making, business steering and performance evaluation. The Alliance is supported, amongst others, by the four largest professional services networks – Deloitte, EY, KPMG, PwC – and by the OECD and the World Bank as a policy advisor. In February, the Alliance received a grant by the EU Commission to develop green accounting principles for the EU to support the implementation of the Green Deal.

The session at the Global Solutions Summit will introduce the methodology for company evaluation developed by the Value Balancing Alliance and will discuss the way forward for more holistic company evaluation. It will focus on latest developments in public and private accounting, standardizing methodologies and making them comparable, as well as on solutions to generate traction amongst key decision-makers in business and politics.

Policy Briefs
Financial Inclusion: The importance of financial literacy and the promotion of better labour market outcomes for women and youth
Abebe Shimeles - African Economic Research Consortium (AERC), Benedetta Landi - EmpowerYourLife Think Tank of the Global Thinking Foundation, Milan (Italy), Claudia Segre - EmpowerYourLife Think Tank of the Global Thinking Foundation, Milan (Italy), Dianah Ngui Muchai - African Economic Research Consortium (AERC), Nairobi (Kenya), Njuguna Ndung’u - African Economic Research Consortium (AERC), Nairobi (Kenya), Wilson S. K. Wasike - African Economic Research Consortium (AERC), Nairobi (Kenya), Winnie Sambu - African Economic Research Consortium (AERC), Nairobi (Kenya)
Beyond Covid-19: what can countries do to address the learning loss caused by the pandemic?
David Dingus - Sheikh Saud Bin Saqr Al Qasimi Foundation for Policy Research, Devyani Pershad - Pratham Education Foundation, New Delhi (India), Ivana Zacarias - SUMMA, Marvin Erfurth - Sheikh Saud bin Saqr Al Qasimi Foundation for Policy Research, Ras Al Khaimah (United Arab Emirates), Mauricio Farías - SUMMA, Natasha Ridge - Sheikh Saud Bin Saqr Al Qasimi Foundation for Policy Research, Rafael Carrasco - SUMMA
A wealth taxation on corporations’ stock
Emmanuel Saez - University of California Berkeley (USA), Gabriel Zucman - University of California Berkeley (USA)
Covid-19 and inequality: an integrated policy response for skills, employment and welfare
Jonathan Cribb - Institute for Fiscal Studies (IFS), London (UK), Richard Blundell - University College London (UCL) and Institute for Fiscal Studies (IFS), London (UK), Sandra McNally - University of Surrey, Guilford (UK)
Building global citizenship through a global citizen income and progressive global taxation
Fernando Filgueira - CIPPEC Argentina , Gianluca Grimalda - Kiel Institute for the World Economy, Marc Fleurbaey - Princeton University, Rubén Lo Vuolo - Interdisciplinary Centre for the Study of Public Policies
Can trade enhance labour market access and job opportunities for women? The inhibitive roles of entrenched gender inequality
Fatima Olanike - Kareem Trade and Development Policy Research Network, Olayinka Idowu Kareem - University of Hohenheim
Towards humanistic metrics of success for G20 economies
Dennis J. Snower - Global Solutions Initiative Foundation, Helen Verdeli - Columbia University, New York (USA), Katharina Lima de Miranda - Kiel Insitute for the World Economy, Michael Green - Social Progress Imperative, Romina Boarini - OECD, Sandra Willis - Columbia University, New York (USA), Victor Santiago Pineda - World ENABLED, Berkeley CA (USA)
Rebuilding education systems for recovery – A crisis-sensitive and equity focused approach
Alejandra Cardini - CIPPEC, Amélie A. Gagnon - UNESCO-IIEP, Iván Matovich - Center for the Implementation of Public Policies Promoting Equity and Growth (CIPPEC), Kate Moriarty - INEE, Kiran Bhatty - Centre for Policy Research, New Delhi (India), Nicolas Reuge - UNICEF, Prachi Srivastava - University of Western Ontario, Robert Jenkins - UNICEF, Sonja Anderson - INEE, Thalia Séguin - IIEP-UNESCO (UNESCO International Institute for Educational Planning), Paris (France)
How do we know goals are achieved?
Alejandra Cardini - CIPPEC, Alejandro Acosta - Fundación Centro Internacional de Educación y Desarrollo Humano (CINDE), Antioquia (Colombia), Claudia Costin - Center for Innovation and Excellence in Education Policies, Dwi Priyono - South East Asian Ministers of Education Organization / Regional Centre for Early Childhood Care, Education and Parenting (SEAMEO CECCEP), Jennifer Guevara - Dublin City University, Early Childhood Research Centre, Lynette Okengo - AfECN, African Early Childhood Network, Mathias Urban - Dublin City University, Early Childhood Research Centre, P K Anand - Research and Information Systems for Developing Countries, New Delhi (India), Rita Flórez-Romero - Universidad Nacional de Colombia, Bogotá
Remote working, housing inequality and social mobility
Francesco Armillei - Fondazione Ing. Rodolfo Debenedetti, Milan (Italy), Thomas Le Barbanchon - Bocconi University, Milan (Italy), Tito Boeri - Bocconi University
Women in global care chains: The need to tackle intersecting inequalities in G20 countries
Alejandro Biondi - CIPPEC, Amm Quamruzzaman - University of California Berkeley, Asma Bahurmoz - King Abdulaziz University, Florencia Caro Sachetti - Centro de Implementación de Políticas Públicas para la Equidad y el Crecimiento, (CIPPEC), Margo Thomas - Women’s Economic Imperative, Marija Babovic - University of Belgrade, Peter Abrahamson - University of Copenhagen
Assessing the wellbeing impacts of the Covid-19 pandemic and three policy types: Suppression, control, and uncontrolled spread
Alex Voorhoeve - London School of Economics and Political Science, James Hammitt - Harvard University, Maddalena Ferranna - Harvard School of Public Health, Marc Fleurbaey - Princeton University, Matthew Adler - Duke University, Richard Bradley - London School of Economics and Political Science
“Smart” decentralization: Accountability and community development through urban self-governance
Charles R. Hankla - Georgia State University, Faris Abuzeid - Aeon Collective
Building global citizenship through global basic income and progressive global taxation
Fernando Filgueira - CIPPEC Argentina , Gianluca Grimalda - Kiel Institute for the World Economy, Marc Fleurbaey - Princeton University, Rubén Lo Vuolo - Interdisciplinary Centre for the Study of Public Policies
Upscaling community-based early childhood programmes to counter inequality and foster social cohesion during global uncertainty
Alejandra Cardini - CIPPEC, Claudia Costin - Center for Innovation and Excellence in Education Policies, Dwi Priyono - South East Asian Ministers of Education Organization / Regional Centre for Early Childhood Care, Education and Parenting (SEAMEO CECCEP), Jennifer Guevara - Dublin City University, Early Childhood Research Centre, Lynette Okengo - AfECN, African Early Childhood Network, Mathias Urban - Dublin City University, Early Childhood Research Centre, Rita Flórez Romero - Universidad Nacional de Colombia, Grupo de Investigación Cognición y Lenguaje en la Infancia
Recoupling economic and social prosperity
Katharina Lima de Miranda - Kiel Insitute for the World Economy, Dennis Snower - Global Solutions Initiative
Enabling youth to create jobs instead of searching for jobs: Labor market-friendly incubators
Abdullatif A. Almunifi - Qassim University, Saud Almutairi - Qassim University
Properly adressing informality in the arab world: Nature, severity, and possible solutions
Abla Abdel-Latif - Egyptian Center for Economic Studies (ECES), Ahmed Dawoud - ECES
Governing diagnostics: Covid-19 and the G20
Juergen Braunstein - Harvard Kennedy School, Sachin Silva - Harvard T.H. Chan School of Public Health
Fiscal sustainability and social cohesion in the face of demographic change
Chul Ju Kim - Asian Development Bank Institute (ADBI), Cian Mulligan - King Abdullah Petroleum Studies and Research Center (KAPSARC), Karen Young - American Enterprise Institute, Pitchaya Sirivunnabood - Asian Development Bank Institute (ADBI), Sara Lechtenberg-Kasten - King Abdullah Petroleum Studies and Research Center (KAPSARC), Yong Jun Baek - Asian Development Bank Institute (ADBI)
The Socioeconomics of Pandemics Policy
Dennis Snower - Global Solutions Initiative
Recoupling Economic and Social Progress
Dennis Snower - Global Solutions Initiative, Katharina Lima de Miranda - Kiel Insitute for the World Economy
Commentaries and Articles
T20 Recommendations Report: Social Cohesion and the State
Compiled by Dennis Görlich (IfW Kiel) and Juliane Stein-Zalai (IfW Kiel)
Germany needs to lead push for European solidarity in crisis
By Hendrik Enderlein (Hertie School)
The COVID-19 Pandemic: Government vs. Community Action Across the United States
By Adam Brzezinski, Guido Deiana, Valentin Kecht and David Van Dijcke (University of Oxford – The Institute for New Economic Thinking)
COVID-19: The Price of Negligence
By Thierry de Montbrial (IFRI)
Strengthening labor protections for 21st century workers – Global Solutions Journal
Making gender equality a reality – Global Solutions Journal
Will COVID-19 Remake the World?
By Dani Rodrik (Harvard University – Kennedy School of Government)
Transparency, communication and trust : The role of public communication in responding to the wave of disinformation about the new Coronavirus
OECD Policy Responses to Coronavirus (COVID-19)

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