4xPi - Hybrid Reporting
Your metric system is the enabler - to include or not to include
to be or not to be
Could you imagine an imaginary add-on to traditional Business Administration?
Do not let the metric system limit your logic and insights.
Count what's countable
Measure what's measurable,
Make measurable, what's not measurable.
Galileo Galiley
... By applying existing technical accounting and Standards to intangibles, decisions to invest into the transition are instead rewarded and encouraged, providing permission to conform with changing social norms. This treatment, developed by Rethinking Capital and Harvard Business School, is called normative accounting for intangibles. It rewards those investments as building new assets on the balance sheet and increasing profitability. Whilst also recognising, on the balance sheet, that an entity has a contingent liability to the public at large....
Source of text: Global Solution Summit 2021
Go to Website of GLOBAL SOLUTIONS
Numbers have no dimension --> 0D
Classic math for accounting.
0° view --> linear --> 1D
Number visualized as a linear length ($...)
360° view --> flat --> 2D
2D-Number (Vector) visualized as a length and an angle (0° - 360°) on a plane. Two different units possible.
4xPi view --> space --> 3D
3D-Number (Vector) visualized as a length and a 'Solid Angle' (0 - 4xPi) in space. Three different units possible.
0° view --> linear --> 1D
same unit ($...)
360° view --> flat --> 2D
Two different units possible.
4xPi view --> space --> 3D
Three different units possible.
Integral perspective needs more than one metric dimension.
In color it's standard long ago. In economics it should and will be.
You cannot measure 'green color' in 'red units'.
And you cannot measure 'non-financial value' in 'financial units'.
0° view --> linear --> 1D
linear, red unit only
360° view --> flat --> 2D
red and green units
4xPi view --> space --> 3D
red, green and blue for integral spectrum
Hybrid Reporting new transparency combining any two materialities - even financial and non-financial
PwC already carries the key to hybrid reporting in its logo.
Click here for more.
EY has proposal and prototype for Hybrid Reporting since 20 years.
Want what? Go here
double-materiality - Hybrid Reporting
Thank you for visualizing,
Value Balancing Alliance.
Go to VBA-Website
Remember Shared Value Initiative 2011?
Hybrid Metrics helps.
Go to SVI and 'Hybrid Metrics' for visualizing 'Hybrid Reporting'
Purpose of 'Project NEMO' (New/Next Economic Model) is to enhance classic economics by
(i) including intangible assets as the common (re)source of welfare and wealth and
(ii) disclosing a vector based hybrid value principle enabling monetary AND nonmonetary dimensions as a compound/hybrid measure.
For that people can make more sustainable decisions.