25 March 2020
Recap of the Value Balancing Alliance’s Welcome Event which, in retrospect, turned out to be a temporarily last get-together before an unprecedented disruption
Members of the Value Balancing Alliance
On the evening of February 28 in Frankfurt, Germany, Christian Heller, Chief Executive Officer of the Value Balancing Alliance, along with BASF Executive Board Member Saori Dubourg, Hessian Minister of Finance Dr. Thomas Schäfer, and General Director of the Frankfurt Senckenberg Museum Professor Volker Mosbrugger, addressed a group of alliance members and supporters including Hessian Minister of State Axel Wintermeyer, Chairman of the City Council of Frankfurt Stephan Siegler, Dr. Lutz Raettig in his capacity as President Frankfurt Main Finance, President of the Chamber of Commerce Ulrich Caspar, and the long-time President of the Chamber of Crafts Rhein-Main Bernd Ehinger. Heller had a special announcement to make: the Value Balancing Alliance was awarded a contract by the EU Commission to develop a Green Accounting Standard for the EU. Upholding this contract is an honour and a privilege, and the alliance does not take that responsibility lightly.
So what is the way forward? To complete the EU’s Green Accounting Standard for disclosing positive and negative impacts of corporate activity, the Value Balancing Alliance is building a corporate model for measuring environmental and social impact, guiding corporations through integrating their findings into business steering, and remaining steadfastly transparent in their processes. It’s clear that we need to change the way we do business, and the alliance is prepared to lead us to a more equitable, more conscious future.