Webinar: Financial Accounting in the Circular Economy
22:30 - January 25, 2022

Webinar presenting the Coalition Circular Accounting’s latest report, its tangible solutions and the role of accountants in driving change

 

Financial Accounting in the Circular Economy: Redefining Value, Impact, and Risk to Accelerate the Circular Transition—Launch of the new paper by the Coalition Circular Accounting

This event is hosted in collaboration with the NBA (Koninklijke Nederlandse Beroepsorganisatie van Accountants—The Royal Netherlands Institute of Chartered Accountants), with support from sponsor Invest-NL

Accounting and financing have the potential to drive the circular transition. Current accounting and reporting techniques, designed for the linear economy, are often ill-equipped to truly capture the value and positive impact of circular businesses on society and the environment. Many questions remain unanswered: How can we rethink depreciation to reflect the true value of goods and materials? How can you account for ‘waste’ that is reused as a business’s main resource? Why are circular business models perceived as riskier than their linear counterparts and what role does accounting play in changing that? The Coalition Circular Accounting is proud to present its paper Financial Accounting in the Circular Economy: Redefining Value, Impact, and Risk to Accelerate the Circular Transition, which sums up the challenges and solutions of circular business cases determined by experts from different fields over the course of the last two years. It points out the urgent role of accountants, financiers and regulators, at the same time providing hands-on solutions to make the circular economy a reality.

Join us on Tuesday, the 25th of January from 15.30 to 17.00 for a presentation of the findings and a moderated dialogue between experts on the role of accounting in the transition to a circular economy. From a variety of perspectives, ranging from external auditors to financiers, we explore the challenges and solutions of making circular accounting a reality. The new CCA paper will be published in advance so that its content will be available to everyone who is interested before the event.

 

Preliminary agenda:

• Introduction from the Coalition Circular Accounting

• Presentation of the main findings of the paper Financial Accounting in the Circular Economy: Redefining Value, Impact, and Risk to Accelerate the Circular Transition

• Panel discussion: moderated dialogue between speakers from the accounting, business and finance world.

• Q&A and interactive reflections on circularity & accounting

• Looking ahead & thank yous

 

Curious to know who’s speaking? We can already confirm the following:

• Rens van Tilburg—Sustainable Finance Lab —Director

• Hans Stegeman—Triodos Bank—Chief Investment Strategist

• Kris Douma—NBA —Chair of the Board

• Usha Ganga—NBA —Topic Director Sustainability

• Diane Zandee—Trunkrs & Nyenrode Business School—CFO & PhD Candidate

• Marleen Janssen Groesbeek—Avans Hogeschool—Professor Sustainable Finance & Accounting

• Carl Drenth—Alfa Accountants Groningen-Assen—Director

• Guy de Sévaux—Invest-NL—Senior Advisor Circular Economy

• Aglaia Fischer—Circle Economy—Finance Initiative Lead

• Marvin Nusseck—Circle Economy—Finance and Metrics Strategist & Project Manager

 

ABOUT COALITION CIRCULAR ACCOUNTING

The Royal Netherlands Institute of Chartered Accountants (NBA) and Circle Economy founded the Coalition Circular Accounting (CCA) to identify and overcome accounting related challenges that hinder the transition to the circular economy. The CCA is a group of experts and scientists from finance, accounting and law. Members include NBA, Circle Economy, Invest-NL, ABN-AMRO, Rabobank, KPMG, Allen & Overy, Alfa Accountants, Sustainable Finance Lab, Impact Economy Foundation and scientists associated with Nyenrode Business University and Avans University of Applied Sciences. The CCA is co-funded by Invest-NL and NBA.

COMMUNITY OF PRACTICE

The CCA partners come together and work in a Community of Practice (CoP) to improve the viability circular business models. A CoP is a pre-competitive environment where experts from various disciplines can co-create open source solutions.

GOAL AND STRATEGY

The CCA’s goal is to overcome existing reporting, financing and valuation challenges that hinder the transition to the circular economy. The CCA uses real-life business cases to demonstrate the accounting challenges that circular business models face.

CCA PROJECTS

The overview paper synthesises the findings and learnings of four publications produced by the CCA:

1. Road-as-a-Service: Pursuing the financial reality of the circular road

2. The Circular Facade: Building a sustainable financial reality with Facades-as-a-Service

3. Valorising Residual Resources: Mitigating food waste—how cooperatives can boost the circular economy

4. How to find the value of circular impact in business: Circular Impact measurement and Financial Reporting

https://www.circle-economy.com/programmes/finance/coalition-circular-accounting

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