Impact accounting is a business-driven approach that makes this possible. It aims to translate reported data into actionable insights, expressed in monetary terms, that can be integrated into core business processes. The VBA member companies have been at the forefront of this evolution, not only measuring and valuing their impacts for decades, but also developing ways to interpret these data points to support informed decision-making.
In this context, this paper presents a non-comprehensive list of 80 use cases, covering both established practices and visionary applications. Structured within a COSO-WBCSD-inspired impact management framework, these examples illustrate how impact accounting can be applied across strategy and target setting, project implementation, monitoring and review processes, and communication. The use cases are also categorized by business departments and goals, highlighting the versatility of impact accounting in enhancing strategic planning, improving environmental, social, and financial performance, and fostering stakeholder engagement across business units.