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empowering the impact economy with knowledge and resources
One of the greatest opportunities of the 21st century is the realisation of the impact economy: The impact economy is an economic system where decisions are made with a focus on impact, and where institutions and individuals give equal priority to social, environmental, governance and financial impact. In an impact economy, the goal is to create multiple types of value, for a range of stakeholders and to pursue long-term value creation.
In an impact economy, companies are purpose-driven and decision-making is based on a broad set of factors, including governance, economic, social and environmental factors. This is different from a traditional capitalist economy, which prioritises financial returns.
Some characteristics of the impact economy include:
Broader decision-making
Decisions are based on a broad set of factors, including social and environmental factors.
Multiple value creation
Institutions are geared towards creating multiple types of value, including economic, social, and environmental value.
Long-term orientation
Institutions are oriented towards long-term value creation for a range of stakeholders.
Rewards for positive impacts
Positive impacts are rewarded through trade, investment, taxation, and labour.
This is the context in which Next Generation Consultants operates: To empower institutions, organisations and individuals to realise the impact economy by creating a common language for impact and providing the tools to use it.
