Guaranteed Irish member WifOR provide companies, associations, government, and NGOs with insightful and objective analytics & research that guides decision-making. Sustainability is one of WifOR's key areas of research. Some of their recent publications will shed some light on how WifOR help businesses accurately measure their sustainable impact.
A lack of standardization exists in measuring sustainability making it difficult to compare performance across companies and industries. WifOR's experts close these gaps with the help of a macroeconomic model they use to calculate effects along the supply chain and provide valuable insights.
Using Impact Valuation to Act Responsibly – along the Supply Chain
Through a comprehensive input-output analysis, data experts at WifOR can effectively measure the social and environmental impact of supply chains nationally and internationally, and thereby make them comparable.
“We identify critical points in the supply chain in several steps, taking into account various ESG indicators: economic indicators such as jobs created, socio-economic indicators such as occupational safety, and environmental indicators such as greenhouse gas emissions” says Dr. Richard Scholz, head of Impact Analyses.
Click here to learn about impact valuation: Read more.
How to measure sustainability: best practice at SAP
The VBA (Value Balancing Alliance) is a network of companies who share a common goal of making their impacts comparable and transparent. WifOR collaborates with fellow alliance members to implement the Impact Valuation methodology, including SAP. Thomas Birnmeyer, Chief Expert and Senior Director for Global Sustainability at SAP, talks about the joint project. Click here for some insights from Thomas Birnmeyer: Read Q&A
The Case of Monetary Valuation
Read this position paper on the reasoning to integrate monetary impacts in accounting systems, written by Harvard Business School, Value Balancing Alliance, WifOR Institute, and 7 other thought-leaders. The Value Balancing Alliance are convinced that the monetary valuation of impacts is the best way to integrate sustainability into accounting and company reporting. Click here to Download Paper.
For more information, visit: https://www.wifor.com/en/