The “true” value contribution of business – The future of accounting and reporting
Value Balancing Alliance Global Table                      

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.

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Keynote

Panel Discussion

Speakers

Keynote

Saori Dubourg

BASF

Panel

Saori Dubourg

BASF

Patrice Matchaba

Novartis, South Africa

Greg Medcraft

OECD

Dennis Snower

President, Global Solutions Initiative

Moderator:
Declan Curry

Journalist

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Nino Tabeshadze GIPA

Personally I believe that one of the most effective solutions might be underlining the role of philanthropy among the world population. We all can give to the society: not only money, but time, energy and expertise as well. In this regard we can build sustainable world and support those in need. Social isolation is no less harmful for social cohesion so I believe that the responsibility lies not only on policy-makers, but also on ordinary citizens. But in order to be willing to give, we need to understand that we are the part of broader circle of philanthropists.

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