“We move closer to a world where economies are built to deliver real value”. Mark Gough, CEO Capitals Coalition
After a decade of growth in the impact sector, the time is now for collaboration, standardization, and consolidation.
We are pleased to announce that the merger with the International Foundation For Valuing Impacts (IFVI) has been completed, and we are thrilled to welcome the IFVI team on board. This merger is a strategically crucial vehicle that will accelerate the development and adoption of impact accounting standards for value creation.
Sir Ronald Cohen, Chair of the IFVI Board of Directors, will join the Capitals Coalition Supervisory Board as Vice-Chairman, along with seven former Board Directors. The remaining former members of the Board will be invited to become ‘Ambassadors of the Capitals Coalition’. The Capitals Coalition Supervisory Board will continue to be chaired by André Hoffmann, Vice-Chairman of Roche, who has also recently taken over as Interim Co-Chair of the World Economic Forum (WEF).
To further consolidate the impact accounting space, the Capitals Coalition has formed a strategic partnership with the Value Balancing Alliance (VBA) to continue their shared mission: standardize impact accounting for value creation methodologies (including calculation models and value factors), testing and piloting by business in practice to understand benefits and challenges, and drive broad international adoption among companies and investors.
This work will be governed through the newly established Impact Valuation Standards Board (IVSB). The IVSB represents a unification of the independent Value Commission hosted by Capitals Coalition and the Valuation Technical Practitioners Committee (VTPC) of IFVI and aims to set the baseline for all future work on impact accounting for value creation.
Read the press release here
