Rethinking Capital and the Impact-Weighted Accounts Initiative at Harvard Business School announce the extension of their collaboration of their proof of concept

July 20, 2021

The Impact-Weighted Accounts Initiative at Harvard Business School (IWAI) and Rethinking Capital share the mission to drive the creation of financial statements that reflect a company’s financial, social, and environmental performance. And the ambition to create accounting statements that transparently capture external impacts in a way that drives investor and managerial decision making.

Joint Statement on Advancements in Value Accounting

July 14, 2021

Rethinking Capital is delighted to be a member of the Value Accounting Network convened by the Capitals Coalition to advance the use of value in accounting decision-making.

The network recognises that the global community is failing to address the collective challenges of climate change, inequity and the loss of nature because decisions are based on incomplete information that does not sufficiently account for the value they bring to the economy.

Read the full statement of collaboration here …

Do accountants hold the key to changing our flawed economy?

June 21, 2021

The modern economy is flawed. It tends to ignore non-financial ‘externalities’, like the environment, when considering a company’s bottom line. As a result, our planet is at risk of massive environmental degradation.

However, accountants can adapt and flip the balance sheet. Andrew Watson, co-founder of Rethinking Capital, spoke with Because People Count about how this shift in accounting practices could hold the key to changing our economy. Listen now to hear how simple it is to bring sustainability into the heart of business.

Because People Count tackles the hottest topics for the European accountancy profession, including: sustainable finance, the Green New Deal, tax, corporate reporting, audit, SMEs and more. Have a listen to get your need-to-know update from Brussels.

Rethinking Capital and Value Balancing Alliance: Joint Statement

June 15, 2021

Rethinking Capital and Value Balancing Alliance have released a joint statement outlining our shared commitment to develop complementary standardized sustainability accounting and standardized intangibles accounting frameworks. We intend to work in close collaboration to bring change to the economic system. You can download the full statement using the link below.

Global Solutions Summit

May 27, 2021

Founders Robert McGarvey and Andrew Watson were invited by Dennis J. Snower, President of the Global Solutions Initiative for Rethinking Capital to host a panel on Constrained by Accounting at the Global Solutions Summit on 27 May. Joined by Christian Heller, CEO Value Balancing Alliance; Susanne Stormer, Partner, Head of Sustainability PwC Denmark; Rob Zochowski, Impact-Weighted Accounts Initiative Harvard Business School and moderated by Billy Nauman, Financial Times Moral Money.

The Global Solutions Summit 2021 is for participants to connect and share ideas on G20 topics. This year’s theme was the Great Realignment, with over 100 high-level speakers from international organisations, politics, science and research, civil society and multinational companies from more than 30 countries, engaging in various session formats that cover essential topics from the Task Forces of the T20: pandemic preparedness, measurement of economic and business performance, digital transformation, the UN Agenda 2030 and development cooperation, circular economy, women’s economic empowerment, and many more.

Building the Bridge Between Non-financial and Mandatory Reporting

December 15, 2020

Rethinking Capital co-founder Andrew Watson and Rob Zochowski, Program Director of the Impact-Weighted Accounts Initiative at Harvard Business School co-authored this article for Capital Finance International.

Reimagining Accounting To Measure Climate Change Risks

December 4, 2020

Our work was referenced in S&P Global's Reimagining Accounting To Measure Climate Change Risks by Imre Guba.

No accounting for climate risk

June 26, 2020

Rethinking Capital co-founder, Andrew Watson was quoted by Silvia Pavoni in her article No Accounting for Climate Risk for The Banker.

Recent Blog Posts

The Rethinking Capital team are delighted to announce two spin-outs with different but complementary missions to bring about Rethinking Capital’s model of system change.

What is normative accounting?

Some Men Just Want to Watch the World Burn

Why does Jeff Bezos need enough money for a thousand lifetimes?