Value
What companies measure and report today has surprisingly little to do with the real value they create (or destroy) in society. That’s because externalities – wider costs or benefits to society – are not included in business metrics. The new Value Balancing Alliance (VBA) wants to change that. It’s is a curious mix of corporates, accounting firms, academia and multilaterals, which sounds promising. But I worry. ‘Balancing’ could easily turn into trading-off. Does social + economic - environment = balance? And when the founding companies include the likes of Philip Morris and LaFargeHolicim, what kind of value are we talking about?
— Wayne Visser
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From Purpose Inspired: Reflections on Conscious Living, Volume 1. Buy on Lulu ↗