Awarepreneurs - #328: The Practial Applications of Impact Accounting with Angel Lance.mp3

🔖 Titles

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1. Angel Lance on Mastering Impact Accounting for Business Growth 2. Data-Driven Change: Impact Accounting in Today's Economy with Angel Lance 3. Scaling Success: How Impact Accounting Attracts Equity Firms Featuring Angel Lance 4. The New Capitalism: Angel Lance's Vision for a Better World Through Impact Metrics 5. Investing with Purpose: Understanding Impact Accounting with Expert Angel Lance 6. Angel Lance's Practical Guide to Impact Accounting for Entrepreneurs 7. Conscious Consumerism and Business: Angel Lance Breaks Down Impact Accounting 8. From Metrics to Mission: Angel Lance on the Future of Impact Investing 9. Angel Lance Explains How Impact Accounting Powers Modern Business 10. The Competitive Edge: Leveraging Impact Accounting with Angel Lance

💬 Keywords

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1. Angel Lance, 2. food production practices, 3. private equity firms, 4. revenue generation, 5. impact measurement, 6. impact accounting practices, 7. competitive advantage, 8. tech revolution, 9. impact investing, 10. environmental impact, 11. social impact, 12. "Seeing Green" book, 13. capitalism and change, 14. ESG footprint, 15. emissions calculation, 16. supply chain influence, 17. Sustain Life, 18. US SEC regulations, 19. EU sustainability reporting, 20. conscious consumerism, 21. United Airlines carbon signature, 22. access to capital, 23. sustainability data, 24. startup funding, 25. data as an asset, 26. regenerative agriculture, 27. talent acquisition, 28. GAAP accounting, 29. financial profitability, 30. greenhouse gas emissions

💡 Speaker bios

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Angel Lance is a trailblazing entrepreneur in the world of business consulting. Despite possessing no background in science or accounting, she carved a niche for herself within the corporate sector, not as an adherent to traditional roles, but as a keen observer of inefficiencies. Working for major corporations, Angel witnessed firsthand the disconnect between the high costs and the actual value provided by prestigious consulting firms. She saw an industry ripe for disruption—a chance to offer a service that was not just different but also more effective, tangible, and grounded in integrity. Fuelled by a vision of authenticity and a drive to deliver solid results from the outset, Angel took a leap of faith and established her own consulting firm. Her company quickly distinguished itself by its commitment to substance over appearance, a place where egos were checked at the door and sleeves were rolled up in the spirit of earnest collaboration. Her team's dedication to genuinely contributing to client success became the hallmark of Angel's venture, setting a new precedent for what it means to be a 'business lady' in the consulting world. Her story is one of tenacity, innovation, and an unwavering dedication to value and honesty in a field that often lacked both.

ℹ️ Introduction

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[Intro Music] Welcome to Awarepreneurs, the podcast that delves into the intersection of social entrepreneurship and mindful innovation. I'm your host, Paul Zelizer, and today we have the privilege of exploring The Practical Applications of Impact Accounting with our esteemed guest, Angel Lance. In this impactful episode, we'll uncover why data on sustainable business practices isn't just a nice-to-have, but a critical asset in today's marketplace — one that could capture the attention of private equity firms and drive significant investments. Angel Lance, the visionary founder and CEO with a track record of launching and scaling environmentally conscious companies, joins us to share her wealth of knowledge. From explaining how impact accounting is becoming the tech revolution of the responsible business world to illustrating the kind of metrics companies can implement to stay ahead —Angel offers a roadmap for success in the new economy of capitalism. Through the pages of her book "Seeing Green," Angel promotes the concept of improving the world through informed capitalist practices. Today, she'll guide us through practical strategies that go beyond the balance sheet, measuring a company's environmental, social, and governance impacts (ESG) with the precision of GAAP accounting. This conversation is a call to action for entrepreneurs and investors alike to embrace the metrics and methodologies that will define future business success. As the landscape of funding shifts, and as we dive into hard discussions about our planet's well-being and our communities' strength, this episode is a necessary listen for those willing to lead the change. So tighten your earbuds, and let's dive into the evolving world of impact accounting with Angel Lance right here on Awarepreneurs. [Transition Music Fades In]

❇️ Key topics and bullets

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**Introduction to Impact Accounting** - Overview of impact accounting and its significance - Definition: Accounting for profitability based on environmental and community impact - Comparison with GAAP accounting principles **Angel Lance's Background and Expertise** - Angel's entrepreneurial journey - Her transition from consulting to environmental stewardship - Experience in launching and scaling impact-focused companies **The Growing Importance of Impact Data in Business Acquisitions** - Impact data driving acquisitions by private equity firms - Role in revenue generation and profit distribution - Impact investing and its influence on business models **The Need for Better Impact Accounting Practices** - The competitive advantage of prioritizing impact accounting - Encouragement for businesses to adopt these practices organically **Angel Lance's Take on Capitalism and Impact** - "Seeing Green" and its vision for change through capitalism - The book's aim to bridge change and generate common ground **The Practical Applications of Impact Accounting in Business** - Documenting environmental and social impact - Use of ESG footprint outside traditional accounting systems - Calculating emissions and understanding the supply chain **Success Stories in Implementing Impact Accounting** - Case studies and concrete examples - Referencing Sustain Life's documentation on legal regulations and frameworks - Mention of United Airlines' case study **Impact of Conscious Consumerism** - The rise of conscious consumerism on business practices - Businesses responding with sustainable measures - Impact on small businesses and access to capital **The Role of Sustainability Data in Funding** - Impact of sustainability on securing funding - The correlation between impact accounting and investment attractiveness **The Value of Impact Data** - Impact data as an asset in the modern economy - Farmers' data as an example of valuable impact-driven information **Challenges and Considerations in Impact Accounting** - The complexity of accounting for both financial and impact outcomes - The need for tangible data for stakeholders **Engaging Experts and Audiences in Impact Discussions** - The necessity for clear communication from experts - Building engaging and meaningful debates around impact **Advices for Impact Entrepreneurs** - Angel Lance's tips for entrepreneurs in the impact space - Focus on metrics, talent acquisition, mission definition, and progress quantification **Investing in Future Impact Leaders** - The importance of nurturing young leaders in sustainability - Potential advantages of an impact-driven approach **Demonstrating Impact Outcomes** - The "show, don't tell" approach in the impact field - The significance of showcasing actual impact results **Final Thoughts and Call to Action** - Paul Zelizer's invitation to continue hard conversations in impact - Encouraging listener participation and suggestions for future discussions

📚 Timestamped overview

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00:00 Former corporate worker starts honest, impactful consultancy.

05:10 GAAP accounting: standard for business measurement. Impactful.

07:13 Assessing impact and profitability in business.

11:39 Carbon emissions reporting now mandatory in California.

15:37 Carbon Collective provides environmentally friendly investment options.

17:52 Who are you doing business with, and why?

21:21 International colleagues define frameworks and standards, impacting accounting.

26:01 Impact measurements can boost business acquisition.

29:45 Retirees plan for climate change and housing.

32:45 Finding common ground in money for change.

35:28 Passionate about transforming energy industry to clean.

39:43 Opportunity for mega businesses to quantify impact.

42:20 Sir Ronald Cohen praises human innovation and potential.

44:26 Take good care, thank you for positivity.

🎞️ Clipfinder: Quotes, Hooks, & Timestamps

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Angel Lance 00:05:40 00:06:06

The Genesis of GAAP Accounting Principles: "every had different standards by which they valued their business or they expressed their profits or or they interacted with investors, to talk about their value. So we needed a standard so that investors could make intelligent decisions and or employees can make intelligent decisions or even entrepreneurs can make intelligent decisions based off of something that everybody agreed to in terms of a way of doing, a way of accounting, and a way of measuring a business health."

Angel Lance 00:08:40 00:08:49

Corporate Responsibility in Business: "You need metrics in installed in your company that you govern yourself by in terms of not only your profits, but then the the outreach of those profits."

Angel Lance 00:09:37 00:09:41

Impact Accounting: "Impact accounting is simply the mechanism by which we measure our impact to the environment of our product and service and or to our communities."

Angel Lance 00:12:08 00:12:17

Emissions Reporting Regulations: "So what what does that mean? That means you need a carbon calculator, and there are many many tools available online to get one of those, where you you have inputs and outputs."

Angel Lance 00:12:59 00:13:07

Corporate Environmental Responsibility: "Private companies with over a $1,000,000,000 in revenue will be compulsorily required to report on their greenhouse gas emissions. So it's a calculation. It there's there's a formula, there's tools, there's that that have inputs and then outputs, and you'll begin to need to measure this and other metrics from an environmental standpoint."

Angel Lance 00:22:02 00:22:13

Environmental Impact Consciousness: "Have you have you noticed that at at least in in my day to day, everything that I buy, most things that I buy have some sort of ESG signature."

Angel Lance 00:22:22 00:23:29

Conscious Consumerism Surge: "A conscious consumerism is really on the rise in just a dramatic way. I think it's positioned to be, for to reach $1,000,000,000,000 in in expanse by 2027."

Angel Lance 00:29:48 00:29:55

Climate Change and Real Estate: "You can figure out what climate change will do to the area that you're looking to retire in and what the housing price market will look like at that point."

Angel Lance 00:36:18 00:36:30

Decarbonization in the Energy Sector: "what I am really passionate about and weirdly fixated on is trans is helping the energy industry transform to clean energy or to net on their road to net zero."

Angel Lance 00:39:43 00:39:57

Evaluating Impact in Mega Businesses: "And so there are there are now more opportunity than ever to go out to people with a lot of money, but that what they wanna see is not only what your mission is, but how you have quantified your progress toward that mission."

🎬 Reel script

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Welcome, Awarepreneurs! In our latest thought-provoking episode, Angel Lance revolutionizes the way we view impact accounting—a game-changer for aligning capitalism with environmental stewardship. We uncover the tangible ways impact metrics not only benefit our planet but also boost business' bottom lines. Angel's wisdom unveils how investments in sustainability data can secure future funding and set your venture apart, a lesson underscored by declining startup capital. If you're ready to be the Bill Gates of impact-driven change, equip your enterprise with the toolkit for success and join the ranks of those leading the charge in conscious consumerism. Tune in, transform your approach, and thrive in the new economy. This is Awarepreneurs, signing off to make a difference—one impact at a time.

👩‍💻 LinkedIn post

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🎙️ New Episode Alert: "The Practical Applications of Impact Accounting" with Angel Lance on Awarepreneurs 🌍 In our latest episode, we deep-dive into how impact accounting isn't just good for the planet 🌱 – it's pivotal for businesses in the new economy. Angel Lance, alongside host Paul Zelizer, unpacks the significance of data in demonstrating a company's impact, which is becoming increasingly vital for attracting private equity investments and scaling businesses. Here are 3 key takeaways from this insightful conversation: - ✅ Impact Accounting as a Competitive Edge: In today's market, showing your company's positive environmental and social influence is just as crucial as financial profitability. This transparency can set you apart and draw in investments, customers, and talent dedicated to making a difference. - 🌟 Sustainability in Action: United Airlines and the burgeoning startup Carbon Collective provide concrete examples of how quantifying impact, such as carbon footprints, isn't just for reporting—it's integral to customer experience and investment strategy. - 💡 Data is Currency: From farming to tech, data on how businesses contribute to a healthier planet is a valuable asset. It's not just about having it, but leveraging it for growth, funding, and leading the charge towards a more sustainable future. Don't miss this compelling discussion on why blending capitalism with care for our world is not just necessary but profitable. Check out Awarepreneurs for the full episode and join Angel Lance and me as we charge into a cleaner, greener tomorrow. #Awarepreneurs #ImpactAccounting #Sustainability #SocialImpact #PrivateEquity #Entrepreneurship #Innovation #CleanEnergy #StartupFunding #RegenerativeAgriculture #PodcastEpisode [Link to the episode]

🗞️ Newsletter

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Subject: 🌿 Unveiling the Secrets of Impact Accounting with Angel Lance on Awarepreneurs 🌿 Dear Conscious Innovators, Buckle up – we're diving deep into the world of impact accounting on our latest episode of Awarepreneurs: "The Practical Applications of Impact Accounting with Angel Lance." Are you poised to be the Bill Gates or Steve Jobs of the impact revolution? This episode holds the keys to scaling your impact-conscious venture. 🚀 **Unlocking Insights with Angel Lance** Angel, a trailblazer in marrying capitalism with positive change, brings to the table a wealth of knowledge from her illuminating book "Seeing Green." Her insights on aligning your business with the new economy's demands for sustainable practices and impact transparency might be just what you need to soar. The rise of conscious consumerism is reshaping businesses from the ground up, with companies like United Airlines sprinting ahead with initiatives like carbon signatures for tickets. 🎟️💨 **Impact Accounting: Not Just for the Big Players** Think impact accounting is just for the corporate giants? Think again! Angel Lance assures us that even small businesses can harness its power for access to capital and gaining that competitive edge – no matter the industry you play in. **Data: The Currency of the New Economy** In a world where data reigns supreme, it's no longer just about your product or service. As Angel highlights, even farmers are profiting from the sale of data. 💾🌾 Got questions or suggestions for our show? We're all ears! Share your thoughts, and let's shape the future of impact-oriented discussions together. **Tune in, Transform, and Transcend** Don't miss this enlightening episode, which is more than just a conversation – it's a practical guide filled with examples, case studies from Carbon Collective, and Angel's sage advice for startups and established entities alike. Join us on Awarepreneurs as we explore the complexities, innovations, and the indispensable nature of impact accounting with Angel Lance. **Seeking Your Voice!** We're not just talking the talk – we're walking the walk of having hard conversations. If you're someone who leans into these dialogues, your input can help shape the impact landscape. Let's create waves together! 🌊 Hit 'Play' and let Angel's passion for clean energy, regenerative agriculture, and entrepreneurial metrics invigorate your journey to impactful success. 👉 [Listen to the Episode Here] Let's blaze a trail of positive impact together, Paul Zelizer Host and Chief Curiosity Explorer at Awarepreneurs P.S.: Impact isn't just a buzzword; it's the future of business. Learn how to measure, quantify, and amplify your company's impact with essential tips from Angel Lance. [Follow us on Social Media] [Subscribe to our Podcast] [Support our Work] --- Let this email be your spark. 🌟 Listen in, level up, and let's revolutionize the business as a force for good. Warm regards, The Awarepreneurs Team

🧵 Tweet thread

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🌿 Thread 1/14 Are you ready to dive into the future of business, environmental stewardship, and impact investing? 🌎✨ Our last episode with Angel Lance, the mind behind "Seeing Green," was as enlightening as it was inspiring! #ImpactInvesting #SustainableBusiness #SeeingGreen 🌿 Thread 2/14 Angel Lance broke down why data on food production practices is 🔑 to scaling and being noticed by private equity firms. In an economy that values impact, having solid figures and stories to tell is essential for growth. #FoodTech #DataDriven #PrivateEquity 🌿 Thread 3/14 Private equity is no longer just about revenue; it's about impact. Firms crave businesses that can SHOW their positive influence on the world. If you want to scale, start measuring your impact NOW. 💹💚 #ImpactMeasurement #BusinessGrowth #ProfitWithPurpose 🌿 Thread 4/14 Paul Zelizer chimed in, emphasizing the new competitive edge: Impact Accounting. How we track our footprints, socially & environmentally, can be the dealbreaker for businesses. Time to up that game! 📊🌟 #ImpactAccounting #CompetitiveEdge #BusinessInnovation 🌿 Thread 5/14 The chat with Angel Lance on impact was thrilling! We're witnessing a shift akin to the tech revolution. Impact accounting is becoming innate – a new chapter in capitalism that could save our planet. 🚀📈 #NewEconomy #TechRevolution #ImpactFirst 🌿 Thread 6/14 "Seeing Green" isn't just Angel's book title; it's a manifesto for changing the world under the banner of conscious capitalism. There IS common ground for environmentalists and entrepreneurs. Let's find it together! 📚💼🌱 #ConsciousCapitalism #EnvironmentalInnovation #ChangeMakers 🌿 Thread 7/14 Angel Lance shone a light on the need for a paradigm shift in our interaction with the earth and society. Impact investing isn't just a trend; it's about changing the game at core levels. 🌍💡 #ImpactInvesting #SocialChange #EnvironmentalImpact 🌿 Thread 8/14 For impact entrepreneurs, the message was clear: Keep pushing forward. Your work could be as groundbreaking as that of Gates or Jobs. Stay the course and make history. 🏃‍♀️💫 #Entrepreneurship #BeTheChange #Innovation 🌿 Thread 9/14 Paul Zelizer expressed deep thanks to Angel and opened the floor to listeners. Have ideas for future guests or topics? Share your thoughts and help us direct this impactful journey! 📢🙌 #CommunityEngagement #YourVoiceMatters #PodcastTopics 🌿 Thread 10/14 Angel's deep dive into practical impact accounting was eye-opening. Reducing your ESG footprint isn't just an add-on; it's core business practice. It starts outside your accounting system and weaves into your entire supply chain. 🌐📉 #ESG #SupplyChainSustainability #BusinessPractice 🌿 Thread 11/14 Sustain Life's documentation could be your North Star in the murky waters of impact metrics. It's not just about US SEC regulations or EU directives; it's about telling YOUR sustainability story. 🌟📜 #ImpactMetrics #SustainabilityReporting #Guidance 🌿 Thread 12/14 Angel's take on conscious consumerism can't be ignored. United Airlines now shows carbon signatures on tickets. It's a signal that businesses adapting to impact accounting are leading the race. 🛫🌿 #ConsciousConsumerism #CarbonAccounting #IndustryLeaders 🌿 Thread 13/14 With startup funding on a downturn, Paul highlighted the vital need for sustainability data. Your financial pitch needs an eco-friendly twin to attract the modern investor. 🌱💰 #StartupFunding #SustainablePitch #ModernInvestors 🌿 Thread 14/14 And remember, having hard conversations leads to change. Our planet & communities need us to step up & get our hands dirty (sometimes literally). If you want to be part of this, follow us for more deep dives & insightful chats. 🌱💪 #EnvironmentalStewardship #JoinTheConversation #ImpactfulLiving 🔗[Link to the podcast] Want to keep up with this revolution? Subscribe to our podcast and let's shape a greener, more impactful future together!

❓ Questions

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1. How does impact accounting differ from traditional accounting practices in addressing environmental and community impacts? 2. Angel Lance emphasizes the importance of data in food production practices. Could you explore how accurate data collection can scale a business and make it more attractive to private equity firms? 3. What are some of the challenges businesses face when integrating impact accounting into their existing financial practices? 4. Can you provide more examples of how businesses have successfully applied impact accounting to secure funding or gain a competitive advantage? 5. How do you foresee impact investing changing the landscape for startups and venture capital in the near future? 6. Angel Lance discussed the concept of "show, don't tell" in terms of proving a company's impact. How can organizations effectively communicate their impact outcomes to stakeholders and the public? 7. In what ways can non-expert individuals, such as consumers or entry-level employees, contribute to or engage with impact accounting practices within an organization? 8. How does the rise of conscious consumerism influence the business models and accounting practices of companies, such as the example of United Airlines' carbon signature tickets? 9. Angel Lance advises entrepreneurs to focus on metrics and talent acquisition. What specific metrics should be prioritized, and how can companies attract talent that aligns with their impact values? 10. As businesses navigate the evolving landscape of impact accounting, what strategies can they employ to balance the pursuit of profit with their environmental and social objectives?

🪡 Threads by Instagram

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1. Angel Lance sheds light on impact accounting's role in today's economy, likening its innovation to the tech revolution. A game-changer for conscious consumerism! 2. Data isn't just numbers—it's power! Farmers leveraging data for profit illustrates the untapped value in the modern economy. 3. Need investment? Sustainability data might be your key. Startups face funding declines, but with the right data, you can buck the trend and thrive. 4. Angel Lance advises: Impact entrepreneurs, focus on metrics and talent. Your mission's clarity attracts the right investors and drives real change. 5. "Show, don't tell" – the new mantra in impact space. Companies that can demonstrate their positive environmental and community influence stand out and lead.

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