The IIAF is a financial method, not another report. It takes the data your sustainability team already holds. It prices that data. Then it builds the Complete P&L, the full picture of value set right next to your official accounts. The gap between the two is the number your board needs.
They record what you spent, not what you broke. So the balance sheet looks clean. It is carrying risk nobody has priced yet.
You consume natural capital every year: water, soil, biodiversity. You never expense it. The liability is real. It just is not on your books yet. Markets and regulators have started to price it. Your auditors have not.
Your Scope 1, 2 and 3 emissions are a real future cost. Carbon pricing is tightening fast: CBAM, EU ETS, national schemes. None of it shows in the P&L until the bill lands. By then the market has already marked down your equity.
Your people drive productivity. Their skill, retention and wellbeing all matter. Yet accounting treats every people cost as an expense. So boards underinvest, because the return never shows up in the numbers.
The IIAF does not give you another sustainability report. It gives you the Complete P&L. It shows what your business really costs, what it is really worth, and where the gap between those two is widening.
"We take the data your sustainability team already has. We price it. We build the Complete P&L next to your official accounts. The gap between the two is the number your board needs."
We find the impacts that matter in your sector. Carbon, water, people, supply chain. Everything else gets cut. No noise. No vanity metrics.
We turn each impact into a number in euros. Carbon becomes a cost. Water becomes a liability. People become an asset. Every figure holds up in due diligence.
The Complete P&L feeds your board calls, your investor story and your valuation. We build it to survive due diligence, not to look good in a report.
This waterfall shows how the IIAF adjusts normal EBITDA across your value drivers. The environmental cost pulls the figure down. That is a real cost your financial statements never show. The people and societal value drivers add worth the normal P&L was hiding. The result is a True EBITDA above your financial baseline. Every step is defensible, line by line.
Illustrative analysis based on publicly available data, produced under confidentiality and anonymised. Values indexed, not company-identifying. Financial EBITDA adjusted across the IIAF value drivers to produce True EBITDA. Illustrative only · Non-GAAP / Non-IFRS.
Every engagement looks at four areas. Each one surfaces a hidden cost or an unseen asset. We translate all of it into financial language your CFO and CSO can both act on.
We price your full Scope 1, 2 and 3 emissions. We test them against forward carbon prices, new rules and physical climate risk. The output is one figure: your Carbon Debt. A real cost in euros that your accounts ignore today.
Water, land, biodiversity and raw materials are inputs you rely on. You do not pay the full price for them today. We measure how fast you deplete them. We model what happens when the price catches up. And we show which parts of your supply chain carry the most risk.
We treat your workforce, wellbeing, community ties and supply-chain human rights as real assets and liabilities. We model what it costs you when human capital erodes. And we price the social cost before new rules force you to.
Strong governance earns a premium in equity markets. We measure the Integration Alpha you can win by closing your rating gap against peers. Then we model what that does to your WACC, your investor appeal and your long-term cost of capital.
We swap the words that get ignored in board meetings for the words that get budgets approved.
A real cost in euros, not tonnes. It is the price of emissions nobody has put on the books yet. It runs through your Complete P&L as a cost you can defend, the financial weight of your environmental cost exposure.
The worth the market has not yet priced, the gap between your book value and your Complete value. We show it as a percentage uplift and evidence it with the value bridge. A number your IR team can take into meetings.
The full picture of value your standard P&L leaves out, priced in euros and set beside your accounts. Built to survive due diligence. Made for your CFO and Investment Committee, not for regulators.
A capex model that maps the real cost of your path to net zero. It prices the cost of waiting, too. It turns a pledge into a plan your Committee can approve or challenge.
The priced worth of your community ties, your people value and a clean supply chain. And the cost if you lose it. Counted on your Complete P&L, and a risk in your story.
One KPI that tracks value created against environmental and social cost. We update it every quarter. It sits beside EBITDA, ROIC and WACC as a live measure of sustainability.
The ladder starts with a lightweight First Read to size the gap. The three engagements below are where the full engine runs. Each rung earns the next.
| Before · the sustainability report | After · the Complete P&L |
|---|---|
| Carbon measured in tonnes, filed for compliance | Carbon Debt priced in euros, on the Complete P&L |
| An ESG score the board skims and forgets | Integration Alpha, a premium your IR team can defend |
| A net-zero pledge with no costed path | A Transition Cost Curve your Committee can approve |
| Sustainability sits outside the P&L | A Complete P&L your CFO owns before the market does |
| CFO and CSO speak different languages | One number, one conversation, both in the room |
Book a call and we will look at your business through the IIAF lens. Then we tell you, plainly, whether the deeper work makes sense.