About us

About value balancing alliance e.V.

The Value Balancing Alliance e.V. is a non-profit organization with the ambition to change the way how company performance is measured and valued. The alliance’s objective is to create a global impact measurement standard for disclosing positive and negative impacts of corporate activity and to provide guidance on how these impacts can be integrated into business steering.

The alliance was founded in 2019 by several international companies and is consulted by the four largest accounting companies on a pro-bono basis. The OECD, leading universities such as Harvard Business School or the University of Oxford, and other stakeholders from government, civil society and standard-setting organizations support the alliance.

The Value Balancing Alliance will make its work available to the public, targeting wide-spread adoption by other companies. This work will empower decision-makers to create and protect long-term value.

targets of the value balancing alliance e.V.

Standardize how to assess and monetize the value of a company and its financial and pre-financial value contributions to society (impacts and dependencies).

Understand the interdependencies of financial and pre-financial value contribution to society and their relation to enterprise value.

Design a disclosure frame enabling stakeholders to compare the natural, social, human and financial capital performance across companies (integrated P&L / balance sheet).

Develop a management blueprint for multi-capital-based business steering and pilot its usage in management accounting.

Scale the uptake of impact measurement and valuation methodology by making the results of our alliance publicly available.

The precondition

Planetary boundaries and social needs form the basis for a stable business environment.


Global collaboration for a better future

Changing the enabling environment for good growth.

The EU Green Deal

Sets ambitious targets and creates momentum for multi-capital accounting standards.

EU Communication* Brussels, 11.12.2019

(…) the Commission will also support businesses and other stakeholders in developing standardized natural capital accounting practices within the EU and internationally.

Ursula von der Leyen

The European Green Deal has to become Europe’s hallmark. I want Europe to be the front-runner. I want Europe to be the exporter of knowledge, technologies and best practice. #EUstrivesformore

von der Leyen, Ursula. (@vonderleyen) Twitter, 10 September 2019, 12:56 PM

BlackRock (2018)** Assets of sustainable mutual funds and ETFs

Larry Fink
Chairman and Chief Executive Officer of BlackRock

In the near future – and sooner than most anticipate – there will be a significant reallocation of capital. (…) a company cannot achieve long-term profits without embracing purpose and considering the needs of a broad range of stakeholders.

Fink, Larry. “A Fundamental Reshaping of Finance” BlackRock, 14 January 2020

* COM (2019) 640 final: Communication from the Commission to the European Parliament, the European Council, the Council, the European Economic and Social Committee and the Committee of the Regions.

** Sources: BlackRock, with data from Broadridge/Simfund, June 2018. Notes: The chart shows the total assets under management in ESG mutual funds (MFs) and ETFs globally. The 2019 to 2028 figures are based on BlackRock estimates, assuming a 5% annual growth rate in the underlying markets.

Impact Valuation

Latest innovation in performance measurement – From traditional reporting to impact valuation.

We need to understand the total value a company is creating

Impact Valuation

Scope of the methodology

Value to society and value to business.

Value to society, impacts and dependencies, value to business


The calculation logic will be based on impact pathways defined by the VBA and on valuation coefficients provided by external bodies.

Standardized Taxonomy and calculation logic