How do we measure if ‘doing good’ creates value? On Wednesday, September 20th, our Founder, Jill Miller, presented at Loyola University Chicago on Supply Chain Impact Accounting and The Workforce Value Premium speaking with Alumni and students about Lunum’s approach to making impact tangible.

Corporate supply chains have come under intense scrutiny for their environmental and social impacts. The best supply chain leaders recognize that sustainability is not merely a performative compliance checkbox, but rather a strategic imperative. Impact accounting guides decisions that enhance long-term resilience and competitiveness given that it structures the process of quantifying and assessing the broader effects of an organization’s activities. It goes beyond traditional financial metrics to include environmental, social, and economic dimensions. In the context of corporate supply chains, impact accounting serves as a compass for responsible and sustainable practices and helps leadership see the importance of setting clear, measurable goals for sustainability and holding the organization accountable.

In today’s interconnected world, consumers are increasingly recognizing the profound influence they hold in shaping corporate practices, particularly in the realm of sustainability and impact accounting. Consumers are no longer passive recipients of products and services; they are active agents of change. Their demand for transparency, ethical consumption, and responsible practices is shaping how impact accounting is used within corporate supply chains. It allows organizations to measure where they stand against peers on topics like wage quality and then create a plan for improvement around the data.

Beyond consumer spending, changing regulations in Human Capital are gaining steam as the SEC continues talks on human capital rule making, Europe has passed the CSRD into law and upcoming changes to GAAP Accounting Standards are coming down the pike.

As various stakeholders continue to exercise their influence, they are catalyzing a positive ripple effect that encourages companies to prioritize sustainability, accountability, and transparency. In this symbiotic relationship between consumers, employees, shareholders and businesses, the future of supply chain sustainability and impact accounting looks increasingly promising.