We are convinced that our long-term success depends on our capacity to deliver sustainable value to our shareholders and society. To understand our value creation and make better strategic decisions, we have developed our Impact Valuation Framework that aims to quantify and monetize our positive and negative impacts on society beyond our financial return.
We seek to maximize the positive impact that our business has on society. If we are determined to do this in a non-abstract, concrete and systematic way, then Value to Society as a concept must be made tangible. Only in this way can our Integrated Leadership model fulfill its potential to perform meaningful, holistic cost-benefit analysis at a strategic level.
Consequently, we need a method of calculating and benchmarking our performance in this area. Our Impact Valuation Framework is based on calculating the impacts we have across six comprehensive capitals: financial, manufactured, human, natural, intellectual and social and relationship.
The sum of the positive and negative impacts of these six capitals provides us with a figure that represents our value to society in quantitative terms. We strive to increase the positive effects of our business activities and minimize the negative contribution of our business activities.
Read more about how we add value to society