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Concept for planning, measuring and governing social and environmental effects of products and organisations.
Social impact describes the structural, social and environmental consequences of products, projects and business models. The concept helps organisations plan, measure and embed positive effects into governance. It includes stakeholder engagement, indicators and iterative improvement while balancing trade-offs between objectives.
Counts directly identifiable people who benefit from interventions.
Monetised comparison of social benefits and resources used.
Qualitative and quantitative measurement of affected groups' satisfaction.
Integrates environmental and social goals into product and business strategy; transparency in supply chain.
Microcredit model with measurable poverty reduction and social benefit for target groups.
Certification and standards to improve working conditions and market opportunities.
Identify stakeholders and gather needs.
Define objectives and metrics and capture baseline.
Plan, pilot and operationalise interventions.
Establish monitoring and iteratively improve results.