Redefining Value: Sustainability's Impacts, Risks and Opportunities

  • Develop new perspectives for making decisions based on the monetary quantification of impacts, risks, and opportunities.

  • Lay the foundation for a new way of defining companies' strategies and business plans.

  • Facilitated by experts from the Value Balancing Alliance (VBA) and IFVI in impact accounting.

Co-created with:

Integrating sustainability brings innovation, resilience, and capital advantage.

66%

Of investors favor companies that disclose the monetary value of their social and environmental impacts.

+45%

Increase in costs associated with non-compliance over the past 10 years.

Colligo: Cost-of-non-compliance, Aug 2024

66%

Amount attributed to the financial impacts of water risks reported by companies. CDP, 2021

What to expect from the program?

Turn Impact into Strategy

Learn tools to quantify and integrate social and environmental impacts into accounting, strategy, and decision-making.

Boost Performance through Insights

Identify business dependencies as opportunities to reduce risks, increase efficiency, and drive long-term value.

Learn from Real-World Cases

Explore success stories and case studies of companies that have implemented impact accounting.

Engage with a Community

Access expert support and gain a systemic perspective on managing sustainability across climate, social, and economic dimensions.

Transformative Two-day Workshop

Day 1: Connect & Get Inspired

19:00 | Check-in and Social Hour

Arrival, checkin-in and welcome talk | Pablo Sánchez, Co-founder Skills4Impact.

19:30 | Opening Keynote: Valuing Business Impacts for Creating Corporate Value | Jeremy Nicholls

Topics

  • Understanding, managing, and reporting on social, economic, and environmental outcomes to drive innovation and improve performance.
  • Accounting for sustainable business practices in startups, social investment, and socially purpose-led ventures.
  • Analysis of the interface between financial accounting and sustainability accounting.

Speaker: Jeremy Nicholls, Honorary Senior Fellow University of Liverpool, Capitals Coalition ambassador, Social Value International representant and former Assurance Framework lead for the UNDP SDG Impact Standards.

20:30 | The Sustainability Case for Business
  • Dinner and Presentation of Attendees
  • Debate: Elevate sustainability to create competitive advantages for your business. What challenges do you face?

Day 2: Go Deep, Understand & Apply

9:30 | Getting Strategic About Sustainability | Federiza Massa Saluzzo

Topics

  • How to make Sustainability a business driver?
  • Sustainability on the strategic agend
  • Impact Metrics on the Income Statement

Speaker: Federica Massa Saluzzo, Chief Sustainability Officer and Professor EADA Business School

10:15 | From Sustainability Strategy to Impact Management | Alberto Muelas

Topics

  • How to transfer the management of impacts, risks, and opportunities to the income statement
  • Reinterpreting Classical Strategy in the New Era of Value: Ansoff, Porter, and BCG
  • Trends in sustainable development and their effects on business

Speaker: Alberto Muelas, KREAB Spain Sustainable Business Partner

11:00 | Sustainability in Cost-Benefit Analyses | Daniel Fujiwara

Topics

  • The new paradigm of welfarism: "Well-being as a tool for monetization"
  • The social value of companies
  • Social value measurement use cases

Speaker: Daniel Fujiwara, Economist and Expert Member. Financial Conduct Authority 

11:30 | Break & Networking
11:45 | Unlocking Corporate Value: Making Better Decisions | Francis Ortis

Key-note: Impact Accounting

  • How to integrate impact measurement into corporate accounting? 
  • Bases of IFVI and VBA methodologies.
  • Applications, Challenges and Benefits for Businesses, from VBA's Experience

Speaker: Francis Ortin, Sr Manager Impact Valuation, Value Balancing Alliance

12:30 | Unlocking Corporate Value: Impact, Risks and Opportunities | Alberto Muelas

Key-note: From Impacts to Risks and Opportunities

  • Current impacts are future risks and opportunities.
  • Measuring the financial effects of risks and opportunities. Practical examples

Speaker: Alberto Muelas, KREAB Spain Sustainable Business Partner

13:00 | Roundtable: Lessons learned and advantages
  • José María Bolufer: Head of Quality, ESG Customer & Sustainable BD @ Telefónica
  • Olga Martínez: Director of Corporate Affairs and Sustainability @ Grupo Bimbo
  • Salvador Tasque: Director General @ Fundación Princesa de Girona
14:30 | Interactive Lunch

Dynamic: What do I need to change my organization's strategy?

16:00 | Roadmap: Actionable Steps to Impact Accounting | Sofía Isasmendi
  • Individual reflection: The axis of my strategy.
  • Key themes for my business and how they create value for the company and the environment.
  • What are impact drivers? What are the drivers of risks and opportunities? Who is involved within my organization?

Speaker: Sofía Isasmendi, Co-founder & CLO Skills4Impact

16:45 | Change Management for Better Decision Making | Pablo Sánchez

Key-note: Change Management

  • How to create a corporate governance model for integrating the monetary quantification of impacts, risks, and opportunities into decision-making?
  • The evolution of professional profiles in organizations

Speaker: Pablo Sanchez Co-founder & Co-CEO Skills4Impact

17:30 | Final Reflection & Closing

Frequently Asked Questions

What is Impact Accounting and why should it matter to board members?

Impact Accounting is a system for measuring and valuing, in monetary terms, our company's positive and negative impacts on society and the environment. As a committee member, this allows you to integrate this crucial information into financial and strategic decision-making, identifying emerging risks and new opportunities, and optimizing resource allocation for sustainable growth.

What is the difference between traditional risk management and the new risks and opportunities of sustainability?

In the long term, traditional risk methodologies (COSO, ISO 31000) and newer ones more closely related to sustainability (COSO/WBCSD, CSRD) are expected to converge to offer a single view of business risks and opportunities. Currently, differences in approach persist, such as assessment criteria, time horizons, and risk definition and thresholds.

What types of companies are already using this methodology and what results have they obtained?

Leading companies such as Acciona, BASF, and BMW have participated in impact quantification models using methodologies from the Value Balancing Alliance (VBA) and IFVI. The results include a better understanding of sustainability-related risks and opportunities, increased operational efficiency, the attraction of ESG investors, and improved reputation and stakeholder relations.

Does this methodology help me comply with the reporting regulation?

The objective of measuring the impact and financial effects of risks and opportunities is to add value to the business. This new approach to management has value in itself and is based on methodologies that predate current regulatory developments. That said, the results of impact monetization and measuring the financial effects of risks and opportunities can be used to comply with specific regulatory aspects, such as dual materiality analysis requirements or due diligence processes.

What level of prior knowledge do I need to participate in the workshop?

No prior knowledge of sustainability or impact accounting is required. The workshop is designed for executives with varying levels of experience and will provide a clear and practical introduction to the methodology.

Evolving together to build a sustainable and restorative future.

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