The financial accounting system we use today is hurtling towards irrelevance, undermined by the very inequality to which it has contributed. It's time to change how profit is calculated – before it's too late.
The woman who acts as a contact point between the social enterprise and voluntary sector and the UK government emphasises the economic case for the role of the sector in delivering public contracts at the UK National Social Value Conference.
Different tribes of the impact economy are converging as the ESG movement hots up and impact-focused leaders open arms to their fellow problem-solvers. We report from a recent Social Value International event.
In his latest Nicholls & Dimes column, Jeremy Nicholls applies Monty Python’s analysis of the Roman Empire to current challenges of reporting performance on ESG and corporate impact – and concludes that charities already have the answer.
In the latest in our Nicholls & Dimes column, social value expert Jeremy Nicholls explains why audit and assurance are the heroes we need on our quest if we are to understand what impact is and how to grow it.
We need ‘warrior accountants’ who must do more than help “standardise ESG”, warns Jeremy Nicholls. The risks of depending on declining environmental resources or below-standard working conditions must also be “managed and reported".
Do we really care about the ability of organisations to make money at the same time as value for others? We must close the gap between what businesses report on and what they are held legally accountable for, argues Jeremy Nicholls.