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Peter Burgess
Works at True Value Metrics
Attended Blundells School and Sidney Sussex College, Cambridge
Lives in New York
1,972 followers|19,179 views
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Peter Burgess

commented on a video on YouTube.
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Why, exactly would anyone want to give to WHOLE WORLD WATER. There is something missing from this proposition ... or is it me that is missing something?
Peter Burgess - TrueValueMetrics
Multi Dimension Impact Accounting 
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Peter Burgess

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Good to see this material. I started off as a science student, then migrated to engineering (that included thermodynamics) before some economics and eventually accountancy. I have worked in the corporate environment to improve profit performance and also in international socio-economic development to improve the state of society. Now I am working to develop a practical system of value accounting that I call Multi Dimension Impact Accounting (MDIA) which embraces many of the ideas articulated in this video. 

Peter Burgess - TrueValueMetrics
Multi Dimension Impact Accounting 
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Peter Burgess

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This is an inspiring piece. I am also an optimist because young people seem to understand the huge issues that have to be faced, but are not wedded to the outdated and dangerous ideas of my generation. I know how far our understanding of science has progressed and I know how amazing modern IT is compared to what was available  (essentially zero) when I finished my formal education 50 years ago. The big leaders of today are still using approaches that are from the stone age. Change is coming. 

Peter Burgess - TrueValueMetrics
Multi Dimension Impact Accounting
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Karen Fischelt's profile photoLinda Stokes's profile photo
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+Peter Burgess hope you have a wonderful Birthday:))
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Peter Burgess

Discussion  - 
 
Dear Colleagues
One of the reasons why fossil deposits are able to be converted into useful fuels of our modern economy at really very low prices, and be money profitable is because the full cost of a fossil fuel is never brought into account. There is an implicit assumption that the fossil is not used in the process and is therefore not costed. Licences, exploration, development, transportation, refining, distribution, taxes are all part of the costs, but the actual consumption of the fossil is ignored. 

Add in the replacement cost of the fossil and the profit and the economics changes. This does not happen with money profit GAAP accounting, but it would happen with TrueValueMetrics. 

I believe with some passion that when you measure the right things, you get the right results. In the energy sector we need to start measuring the right things.
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+Peter Burgess  I share, your stated belief !.
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Peter Burgess

Discussion  - 
 
Double entry money accounting was invented almost 500 years ago in the days of sailing ships and merchant adventurers. The market economy is something Adam Smith wrote about and published in 1776. GDP was invented in haste in the 1930s as a stop-gap metric in the Great Depression. Seems to me it is time for some modernization of the metrics being used for business and the economy, including the area of social enterprise. My proposal is something I call TrueValueMetrics
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Priti Ambani's profile photoGlenn Meyers's profile photoPeter Burgess's profile photo
4 comments
 
Peter:

Thanks for your answer and links and wish to learn more. I will want
to keep in touch with you on this subject.

Best,
Glenn Meyers

Glenn Riley Meyers, Editor
Green Building Elements
Mobile: 303-419-7073
E-mail: ****@**
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Peter Burgess

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I love the tax proposal that gets made by Robert H. Frank
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Peter Burgess

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I love the idea of Doughnut Economics ... and most of what is in the 3 video series. The one big thing that is missing from my perspective is some clarity about radical reform of the business and socio-economic metrics that are pushing almost everything in a profitable unsustainable direction. I want to see Multi Dimension Impact Accounting (MDIA) so that everyone can become engaged in behavior change that matters
Peter Burgess - TrueValueMetrics
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Peter Burgess

Transparency  - 
 
I became a Chartered Accountant about 50 years ago, and believed that the field of management accountancy was a powerful driver for good. Sadly, many years later I realized that many in political and business leadership expected accountants to hide things more than they wanted accountants to make things transparent. This had a very negative impact on my career, but not on my ongoing commitment to the need for transparency.

But transparency is not enough. There also needs to be massive reform of the whole framework of metrics being used to assess the state, progress and performance of society. My initiative in this regard is something I call TrueValueMetrics Value Accountancy which uses many of the concept of money profit accountancy, but expands the framework so that the impact of economic activity on people and planet is not ignored as it is with the prevailing money based profit accountancy and measures like GDP.

The Burgess initiative is not the only one moving forward in this space, but it is the only one that starts with the idea that the double entry accounting idea  of integration between balance sheet and operating statement should apply for value analysis as much as it should for profit analysis. This initiative also has the idea that any and all economic activities have impact on both organization and community, and both should be reporting so that society as a whole knows what is going on.

Peter Burgess @truevaluemetric
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Sakari Maaranen's profile photoRob DePinto's profile photoGideon Rosenblatt's profile photoJeff Jockisch's profile photo
4 comments
 
Really interesting. Can you explain the benefits / differences to IMPACT investing type things? 
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I am not sure I should be allowed into this community. For maybe 25 years I have equated 'rule of law' with the legalization of obscene behavior by rich and powerful interests whether in the United States or around the world. I knew something was wrong when I was asked in a country that shall remain nameless 'What to you want the law to be?' As long as I can remember it seems that laws had the structure of Swiss Cheese ... all sorts of loopholes that made the purpose of the law inconsequential. My first experience of this perhaps was the Foreign Corrupt Practices Act, and I am sure others have had similar experiences. I would love to know more about the rules and regulations that apply to banks, and the activities of banks that choose to ignore the rules because you can make more money profit that way, even if you have to pay small fines ($ billions but still small) once in every 20 years or so to clean up the mess and make justice go away!
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Sounds about right to me, Peter.  Based, in part, on my own experience practicing law.  Laws are made by the rich and powerful, for the rich and powerful. 
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Peter Burgess

General Discussion  - 
 
Double entry money accounting was invented almost 500 years ago in the days of sailing ships and merchant adventurers. The market economy is something Adam Smith wrote about and published in 1776. GDP was invented in haste in the 1930s as a stop-gap metric in the Great Depression. Seems to me it is time for some modernization of the metrics being used for business and the economy, including the area of social enterprise. My proposal is something I call TrueValueMetrics
4
Gideon Rosenblatt's profile photo
 
Thanks for being here, +Peter Burgess. It's great to have you. I'll be eager to hear more about your ideas for alternative ways of measuring the enterprise. About 5 years ago, I spent a ton of time working on a Theory of Change and other impact evaluation processes for the consulting firm I ran. It was really tough - and really rewarding work. Some of the most valuable insights we got on the nature of our work came from those efforts. 
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In his circles
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Work
Occupation
Consultant ... training and deployment of True Value Metrics
Employment
  • True Value Metrics
    Founder CEO, present
  • Community Analytics (CA)
    present
  • Tr-Ac-Net Inc.
    present
  • Burgess Management Associates
    present
  • The Burgess Press
    present
  • Davy Ashmore Group
  • Cooper Brothers & Co
  • Coopers and Lybrand
  • H.A.Simons International Ltd.
  • Aerosol Techniques Inc
  • Gulton Industries Inc.
  • Southern States Inc.
  • Continental Seafoods Inc.
  • Barents Group (KPMG)
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
New York
Previously
Okehampton - London - Sheffield - Belfast - Vancouver - Houston - Beaumont - New Haven - Trenton - Atlanta - Montclair - New York - Lagos - Antananarivo - Kuwait -
Story
Tagline
Value is the basis of a sound economy and quality of life, not profit and greed!
Introduction
I learned some engineering and economics at Cambridge, and then some accountancy in London. My work with the private corporate sector informed me of technological potential, and then consultancy with UN,  World Bank and others showed me the huge dysfunction of leadership and terribly missed opportunities. Working on value metrics to supplement profit accountancy!
Bragging rights
Played rugby at international schoolboy level!
Education
  • Blundells School and Sidney Sussex College, Cambridge
    1958
  • Cambridge University
Basic Information
Gender
Male