PurposeThis paper is a review of KPMG’s true value methodology. It highlights how a positive for the methodology is its advance of a systemic perspective, with the challenge being its furthering of an agenda of corporate centricity, where money is the mediator for societal decisions.Design/methodology/approachThis paper draws on existing literature to develop its arguments.FindingsThe paper highlights how the true value methodology has merit for furthering a move towards the embrace of a more systemic thinking by business leaders; for example, how organisations are nested in society, not separate from society. However, the methodology is a cause for concern, because, for “true value” (ibid, p. 3) to be identified, albeit the notion of true value is one that stuns with its hubris, there is a need to monetise all exchanges and have corporations make societal well-being decisions based on monetary calculations as opposed to moral or ethical considerations. Thus, the methodology is advancing a corporate centric and narrowly defined perspective on what constitutes societal progress.Research limitations/implicationsThis paper is a review of the methodology with some critique and implications for management, leadership and culture discussed.Practical implicationsThe arguments presented highlight how the methodology furthers a particular perspective, and thus it should, like all tools, be used with an understanding of its limitations.Social implicationsA key social implication brought forward in the paper is a corporate-centric perspective on societal progress. This corporate-centric perspective ensures that although a more systemic perspective is taken, society is viewed as a little more than a servant of the corporation.Originality/valueIn drawing on existing literature, the originality lies in the combination of arguments brought together to realise the central claims.
Sustainability Accounting, Management and Policy Journal – Emerald Publishing
Published: Nov 7, 2016