May 12, 2021 The Value Balancing Alliance (VBA) piloted its methodology for standardized accounting of corporate value contributions. For the first time, the initiative used its method to calculate BASF s economic, environmental and social impacts. How can companies contributions or impacts on the economy, society and the environment be made measurable and comparable? Based on this question, BASF founded the Value Balancing Alliance e.V. (VBA) in 2019 together with seven other companies. The aim of the initiative is to develop within three years a cross-industry standard for measuring the overall impact of companies that captures economic, environmental and social aspects of business activities along the value chain. By converting corporate value contributions into monetary value, the overall impact of companies in any industry can be made tangible and comparable.