 Impact accounts as a key input into accounting for intangiblesT. Robert Zochowski Chapter 10 in Handbook on Intangibles, 2026, pp 184-194 from Edward Elgar Publishing Abstract: Impact monetization is the estimation of the relative importance, worth, or usefulness of impacts to the people who experience the impact, expressed as a monetary value. Impacts can be experienced by people directly or through changes to the planet or the economy. This practice has important implications for intangible assets and liabilities. As many economies around the world have shifted from industrial to services-bases, more and more value is contained in intangibles. Since 2019, members of the Impact-Weighted Accounts (IWA) Project Team (the “Team”) and its successor organization, the International Foundation for Valuing Impacts (IFVI), have worked to make transparent the total value created by organizations by quantifying the intangible flows to natural and social (including employment and civil society impacts) capital stocks, historically referred to as externalities. This chapter will be a retrospective look at this process, successes, and learnings. We will close with an examination of the forward trajectory for our work as well as its implications. Keywords: Impact monetization; Intangible assets; Impact accounts; Externalities; Value creation; Social and natural capital (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22045_10 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Chapters from Edward Elgar Publishing |
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