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Date: 2019-01-23 Page is: DBtxt001.php L0700-MR-R3-Reporting


ORGANIZATIONS / INITIATIVES / NGOs
Reporting 3.0

Measure State and you Measure Progress

Blueprint 2: Accounting ... R3-Accounting Exposure Draft 12 Feb 2018
Laying the foundations for future-fit reporting

How can accounting and corporate finance be transformed to serve a new purpose? How can it serve a multi-capital green & inclusive economy definition of success and value-creation in a circular economic setting? How can accounting be redefined as being not only about recording financial transactions, but about tracking of both financial and extra-financial data and their forward-looking interpretation in an appropriate context? This includes a context of addressing risks and opportunities associated with diverse (e.g. social, natural) capitals. Answering these questions include consideration of new innovations such as the development of integrated reporting, contextualization, monetisation and internalisation, as well as new integrated statements such as alternative P&L accounts and balance sheets. It also includes working with new interpretations of materiality, related thresholds and appropriate timeframes in decision-making. Evidently mainstream financial managers, accountants, and assurance providers vary considerably in their preparedness for these transformative changes.
R3-Accounting Exposure Draft 12 Feb 2018
A 170 page paper (an exposure draft not for circulation) that describes the way that the Future Fit organizations sees the future of reporting.
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-BP-2-Exposure-Draft-12-Feb-2018.pdf'
Open PDF ... R3-BP-2-Exposure-Draft-12-Feb-2018

About the May 2017 R3-Conference GO TOP
About the May 2017 R3-Conference
http://2017.reporting3.org/
Open External Link
R3-Conference-Report-2017
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-Report-2017.pdf'
Open PDF ... R3-Conference-Report-2017
R3-Conference-2017-Ralph-Thurm-Welcome-Introduction
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Ralph-Thurm-Welcome-Introduction.pdf'
Open PDF ... R3-Conference-2017-Ralph-Thurm-Welcome-Introduction
R3-Conference-2017-Claudine-Blamey-CrownEstate
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Claudine-Blamey-CrownEstate.pdf'
Open PDF ... R3-Conference-2017-Claudine-Blamey-CrownEstate
R3-Conference-2017-Alyson-Slater-GRI
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Alyson-Slater-GRI.pdf'
Open PDF ... R3-Conference-2017-Alyson-Slater-GR
R3-Conference-2017-Neil-Stevenson-IIRC
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Neil-Stevenson-IIRC.pdf'
Open PDF ... R3-Conference-2017-Neil-Stevenson-IIRC
R3-Conference-2017-Ralph-Thurm-Release-Reporting-Blueprint
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Ralph-Thurm-Release-Reporting-Blueprint.pdf'
Open PDF ... R3-Conference-2017-Ralph-Thurm-Release-Reporting-Blueprint
A: EDUCATE
Understanding the principles and underpinnings of a green & inclusive and open economy and their consequences for disclosure
R3-Conference-2017-Ralph-Thurm-W1-A
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Ralph-Thurm-W1-A.pdf'
Open PDF ... R3-Conference-2017-Ralph-Thurm-W1-A
R3-Conference-2017-John-Devaney-BSI
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-John-Devaney-BSI.pdf'
Open PDF ... R3-Conference-2017-John-Devaney-BSI
R3-Conference-2017-Anne-Louise-Koefoed-DNVGL
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Anne-Louise-Koefoed-DNVGL.pdf'
Open PDF ... R3-Conference-2017-Anne-Louise-Koefoed-DNVGL
B: ADVOCATE
Understanding how purpose, measurement and scalability become essential areas of disclosure
R3-Conference-2017-Glenn-Frommer-W1-B
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Glenn-Frommer-W1-B.pdf'
Open PDF ... R3-Conference-2017-Glenn-Frommer-W1-B
R3-Conference-2017-Herman-Mulder-True-Price
'http://truevaluemetrics.org/DBpdfs/Metrics/R3-Conference-2017-Herman-Mulder-True-Price.pdf'
Open PDF ... R3-Conference-2017-Herman-Mulder-True-Price
R3-Conference-2017-Christian-Heller-BASF
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Christian-Heller-BASF.pdf'
Open PDF ... R3-Conference-2017-Christian-Heller-BASF
R3-Conference-2017-Rodney-Irwin-WBCSD-W1A
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Rodney-Irwin-WBCSD-W1A.pdf'
Open PDF ... R3-Conference-2017-Rodney-Irwin-WBCSD-W1A
C: ACCELERATE
Developing trust, innovation and resilience for organizations & economies through collaboration
R3-Conference-2017-Rodney-Irwin-WBCSD-W1A
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Rodney-Irwin-WBCSD-W1A.pdf'
Open PDF ... R3-Conference-2017-Rodney-Irwin-WBCSD-W1A
R3-Conference-2017-Bill-Baue-W1-C.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Bill-Baue-W1-C.pdf
Open PDF ... R3-Conference-2017-Bill-Baue-W1-C
R3-Conference-2017-Tjeerd-Krumpelman-ABNAMRO
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Tjeerd-Krumpelman-ABNAMRO.pdf
Open PDF ... R3-Conference-2017-Tjeerd-Krumpelman-ABNAMRO
R3-Conference-2017-Alyson-Slater-GRI-1
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Alyson-Slater-GRI-1.pdf
Open PDF ... R3-Conference-2017-Alyson-Slater-GRI-1
R3-Conference-2017-Jiro-Olcott-Guard-Global
'http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Jiro-Olcott-Guard-Global.pdf'
Open PDF ... R3-Conference-2017-Jiro-Olcott-Guard-Global
Reporting
R3-Conference-2017-Bill-Baue-Release-Data-Blueprint.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Bill-Baue-Release-Data-Blueprint.pdf
Open PDF ... R3-Conference-2017-Bill-Baue-Release-Data-Blueprint.pdf
Educate
R3-Conference-2017-Ralph-Thurm-W2-A.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Ralph-Thurm-W2-A.pdf
Open PDF ... R3-Conference-2017-Ralph-Thurm-W2-A.pdf
R3-Conference-2017-Mark-McElroy-CSO.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Mark-McElroy-CSO.pdf
Open PDF ... R3-Conference-2017-Mark-McElroy-CSO.pdf
R3-Conference-2017-Jim-Ormond-Article13.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Jim-Ormond-Article13.pdf
Open PDF ... R3-Conference-2017-Jim-Ormond-Article13.pdf
Advocate
R3-Conference-2017-Bill-Baue-W2-B.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Bill-Baue-W2-B.pdf
Open PDF ... R3-Conference-2017-Bill-Baue-W2-B.pdf
R3-Conference-2017-What-matters.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-What-matters.pdf
Open PDF ... R3-Conference-2017-What-matters.pdf
R3-Conference-2017-Richard-Marsh-What-matters.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Richard-Marsh-What-matters.pdf
Open PDF ... R3-Conference-2017-Richard-Marsh-What-matters.pdf
R3-Conference-2017-Aaron-Vermmuelen-WWF.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Aaron-Vermmuelen-WWF.pdf
Open PDF ... R3-Conference-2017-Aaron-Vermmuelen-WWF.pdf
Accelerate
R3-Conference-2017-Glenn-Frommer-R3-BP3-W2C.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Glenn-Frommer-R3-BP3-W2C.pdf
Open PDF ... R3-Conference-2017-Glenn-Frommer-R3-BP3-W2C.pdf
R3-Conference-2017-Niels-Faber-RadboudUniversity-Blockchain.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Niels-Faber-RadboudUniversity-Blockchain.pdf
Open PDF ... R3-Conference-2017-Niels-Faber-RadboudUniversity-Blockchain.pdf
R3-Conference-2017-Annemieke-Huibrechtse-Deloitte.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Annemieke-Huibrechtse-Deloitte.pdf
Open PDF ... R3-Conference-2017-Annemieke-Huibrechtse-Deloitte.pdf
R3-Conference-2017-Jiro-Olcott-Guard-Global.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Jiro-Olcott-Guard-Global.pdf
Open PDF ... R3-Conference-2017-Jiro-Olcott-Guard-Global.pdf

================== DAY 2 ==================

Accounting for the future we design – valuing the equilibrium of life and wellbeing through new conventions
K3-Conference-2017-Wim-Bartels-KPMG.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/K3-Conference-2017-Wim-Bartels-KPMG.pdf
Open PDF ... K3-Conference-2017-Wim-Bartels-KPMG.pdf
CO-KEYNOTES & PLENARY DISCUSSION – What and how long will it take to succeed in the third accounting revolution?
R3-Conference-2017-Sarah-Grey-IIRC.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Sarah-Grey-IIRC.pdf
Open PDF ... R3-Conference-2017-Sarah-Grey-IIRC.pdf
R3-Conference-2017-Rordney-Irwin-WBCSD.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Rordney-Irwin-WBCSD.pdf
Open PDF ... R3-Conference-2017-Rordney-Irwin-WBCSD.pdf
R3-Conference-2017-Nancy-Kamp-Roelands-EY.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Nancy-Kamp-Roelands-EY.pdf
Open PDF ... R3-Conference-2017-Nancy-Kamp-Roelands-EY.pdf
R3-Conference-2017-Nicolai-Lundy-SASB.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Nicolai-Lundy-SASB.pdf
Open PDF ... R3-Conference-2017-Nicolai-Lundy-SASB.pdf
SESSION 3 – Introduction to the Draft Version of the Accounting Blueprint Report
R3-Conference-2017-Cornis-van-der-Lugt-Introduction-BP2.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Cornis-van-der-Lugt-Introduction-BP2.pdf
Open PDF ... R3-Conference-2017-Cornis-van-der-Lugt-Introduction-BP2.pdf
SESSION 3 – The Accounting Blueprint – focus session on recommendation development
Education
R3-Conference-2017-Mark-McElroy-CSO-1.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Mark-McElroy-CSO-1.pdf
Open PDF ... R3-Conference-2017-Mark-McElroy-CSO-1.pdf
R3-Conference-2017-Loshni-Naidoo-SAICA.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Loshni-Naidoo-SAICA.pdf
Open PDF ... R3-Conference-2017-Loshni-Naidoo-SAICA.pdf
R3-Converence=2017-Jeremy-Nicholls-Social-Value-International.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Converence=2017-Jeremy-Nicholls-Social-Value-International.pdf
Open PDF ... R3-Converence=2017-Jeremy-Nicholls-Social-Value-International.pdf
Advocate
R3-Conference-2017-Paul-Hurks-NBA.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Paul-Hurks-NBA.pdf
Open PDF ... R3-Conference-2017-Paul-Hurks-NBA.pdf
R3-Conference-2017-Nicolai-Lundy-SASB-1.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Nicolai-Lundy-SASB-1.pdf
Open PDF ... R3-Conference-2017-Nicolai-Lundy-SASB-1.pdf
R3-Conference-2017-Neil-Smith-Aegon.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Neil-Smith-Aegon.pdf
Open PDF ... R3-Conference-2017-Neil-Smith-Aegon.pdf
Accelerate
R3-Conference-2017-Arjande-Draaijer-KPMG.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Arjande-Draaijer-KPMG.pdf
Open PDF ... R3-Conference-2017-Arjande-Draaijer-KPMG.pdf
R3-Conference-2017-Baptiste-Cassan-Barnel-Kering.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Baptiste-Cassan-Barnel-Kering.pdf
Open PDF ... R3-Conference-2017-Baptiste-Cassan-Barnel-Kering.pdf
R3-Conference-2017-Adrian-De-Groot-Ruiz-TruePrice.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Adrian-De-Groot-Ruiz-TruePrice.pdf
Open PDF ... R3-Conference-2017-Adrian-De-Groot-Ruiz-TruePrice.pdf
INTRODUCTORY KEYNOTE – Focus on ‘handprinting’ – driving the next systemic transformation through new business model design and aligned disclosure
R3-Conference-2017-Carolyn-Hayman-Preventable-Surprises.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Carolyn-Hayman-Preventable-Surprises.pdf
Open PDF ... R3-Conference-2017-Carolyn-Hayman-Preventable-Surprises.pdf

CO-KEYNOTES & PLENARY DISCUSSION – Launching the Reporting 3.0 Business Model Blueprint Workstream
R3-Conference-2017-Nancy-Bocken-TUDelft.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Nancy-Bocken-TUDelft.pdf
Open PDF ... R3-Conference-2017-Nancy-Bocken-TUDelft.pdf
R3-Conference-2017-Nathan-Gilbert-BLab-Europe.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Nathan-Gilbert-BLab-Europe.pdf
Open PDF ... R3-Conference-2017-Nathan-Gilbert-BLab-Europe.pdf
R3-Conference-2017-Bill-Baue-Introduction-BP4.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Bill-Baue-Introduction-BP4.pdf
Open PDF ... R3-Conference-2017-Bill-Baue-Introduction-BP4.pdf
REPORTING 3.0 PLATFORM: THE FUTURE ROADMAP – Dissimination of the Blueprints, alpha/beta testing, feedback mechanisms, further alignments, a second round of Blueprints
R3-Conference-2017-Peter-Teuscher-Future-Roadmap.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Peter-Teuscher-Future-Roadmap.pdf
Open PDF ... R3-Conference-2017-Peter-Teuscher-Future-Roadmap.pdf
R3-Beta-Testing-Program-Invitation-May-2017.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Beta-Testing-Program-Invitation-May-2017.pdf
Open PDF ... R3-Beta-Testing-Program-Invitation-May-2017.pdf
R3-Advocation-Partner-Program-Invitation-May-2017.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Advocation-Partner-Program-Invitation-May-2017.pdf
Open PDF ... R3-Advocation-Partner-Program-Invitation-May-2017.pdf
R3-Academic-Alliance-Invitation-May-2017.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Academic-Alliance-Invitation-May-2017.pdf
Open PDF ... R3-Academic-Alliance-Invitation-May-2017.pdf


R3-GTAC-Concept-Note.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-GTAC-Concept-Note.pdf
Open PDF ... R3-GTAC-Concept-Note.pdf
R3-Reporting-Blueprint-Ralph-Thurm.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Reporting-Blueprint-Ralph-Thurm.pdf
Open PDF ... R3-Reporting-Blueprint-Ralph-Thurm.pdf
R3-BP-2-Outline.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-BP-2-Outline.pdf
Open PDF ... R3-BP-2-Outline.pdf
Project Outline for Blueprint 2: Accounting / Accounting for future-fit reporting
R3-Conference-2017-Cornis-van-der-Lugt-Introduction-Accounting-Blueprint.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Conference-2017-Cornis-van-der-Lugt-Introduction-Accounting-Blueprint.pdf
Open PDF ... R3-Conference-2017-Cornis-Van-Der-Lugt-Introduction-Accounting-Blueprint.pdf

Cornis Van Der Lugt PHD MBA Stellenbosch University Business School, South Africa / 3.0 Accounting Working Group Facilitator / Co-Lead Author with Dr Carol Adams, Durham University Business School, UK
Blueprint 3: Data
R3-Data-Blueprint-Report-1.pdf
116 pages
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Data-Blueprint-Report-1.pdf
Open PDF ... R3-Data-Blueprint-Report-1.pdF

R3-Data-Blueprint-Bill-Baue.pdf
http://truevaluemetrics.org/DBpdfs/Metrics/Reporting-3-0/R3-Data-Blueprint-Bill-Baue.pdf
Open PDF ... R3-Data-Blueprint-Bill-Baue.pdf


page 12

page 38

page 46

Figure 9: the ‚web of principles’ supporting the design of a green, inclusive and open economy
Data integration, contextualization & activation for multicapital accounting
The Data Blueprint proposes a general specification for data architecture and information systems to accurately measure progress toward financial, economic, social and environmental sustainability via dynamic interlinkages between the individual company (micro), industry (meso), and environmental, social, and economic systems (macro) levels in order to spur the emergence of a truly green, regenerative, inclusive, and open global economy. Taking a “Positive Maverick” approach, it transcends the incrementalist approaches to data of ESG to focus on transforming raw data into insightful information, decision-useful intelligence, and actionable knowledge. The general specification is based on three primary dimensions necessary for building out a data infrastructure that fulfills the potential of triggering transformative systems change:

Integration of the multiple capitals (natural, human, social, built, and financial) to optimize positive synergies between and amongst them, to better support the creation of financial, societal (shared), and system value (to employ a recently coined term.)

Contextualization of organization-level impacts on the multiple capitals within the carrying capacities of those capitals at the systems level, either a virtuous (regenerative) or vicious (degenerative) cycle.

Activation of responses when the sustainability of any capitals – and hence the potential for biota well-being and human fulfillment – is placed at significant risk. Data without engagement falls short of its potential; “activated” data fulfills its potential of driving the change signaled by integrated, contextualized data.

Throughout this report, the Data Blueprint cites examples of shortcomings and gaps in need of filling, as well as emerging best practices that exemplify approaches to data integration and contextualization that serve multicapital accounting. And each of the 3 primary chapters (on Integration, Contextualization, and Activation) ends with a series of Recommendations for relevant constituencies such as reporters, standard-setters, governments and intermediaries, and investors and other stakeholders, framed at 3 maturity levels from educate to advocate to accelerate. Following the release and publication of this Data Blueprint report, Reporting 3.0 is launching its Beta Testing Program to pilot Recommendations from the Blueprint. This report profiles a few of these pilot projects.


TPB / TVM Commentary:

TPB / TVM Commentary:
The ideas depicted on this graphic exist in the basic TVM framing, though in a simpler form to facilitate more efficient measurement and reporting.
The same framing of progress and performance measurement is used in TVM for micro, meso and macro layers of the economy

TPB / TVM Commentary:
This graphic shows a network of ideas, and while it is an interesting it adds nothing to the measurement and reporting of progress and performance. There are important network efects that need to be taken into consideration, but the important linkages that impact progress and performance are not on this graphic.

Blueprint 1: Reporting
A principles-based approach to reporting serving a green, inclusive & open economy

The Reporting Blueprint is the first pillar of the Reporting 3.0 work ecosystem and sets the scene for the other Blueprints to follow. It analyses disclosure needs from the perspective of a green, inclusive & open economy. Assessing the needs to connect the micro (organisational) performance with the meso (industry and habitat) level up the the macro (thriving economic system design and regenerative capitalism) level the Blueprint defines 6 desiderata and 9 principles and embeds the idea of ‘integral thinking’ and ‘integral materiality’. These form the basis to assess company strategies, offered through a continuum from denial to thriving, and defines three main areas for disclosure, currently underdeveloped, to really build trust, resilience and innovation potential: purpose and connectedness, measuring success based on context and multi-capitalism, and reaching scalability towards economic system design change. Each of these areas is described by actionable progress and makes recommendations to reporting standard setters, governments and multilaterals, corporations, and investors. Through the Reporting Blueprint a change trajectory is described in which the Accounting Blueprint, the Data Blueprint and the New Business Model Blueprint will find guidance regarding their specific contributions that are necessary to succeed in delivering the full potential of the Reporting 3.0 Work Ecosystem.
Blueprint 2: Accounting
Laying the foundations for future-fit reporting

How can accounting and corporate finance be transformed to serve a new purpose? How can it serve a multi-capital green & inclusive economy definition of success and value-creation in a circular economic setting? How can accounting be redefined as being not only about recording financial transactions, but about tracking of both financial and extra-financial data and their forward-looking interpretation in an appropriate context? This includes a context of addressing risks and opportunities associated with diverse (e.g. social, natural) capitals. Answering these questions include consideration of new innovations such as the development of integrated reporting, contextualization, monetisation and internalisation, as well as new integrated statements such as alternative P&L accounts and balance sheets. It also includes working with new interpretations of materiality, related thresholds and appropriate timeframes in decision-making. Evidently mainstream financial managers, accountants, and assurance providers vary considerably in their preparedness for these transformative changes.



The text being discussed is available at

and


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