Assessing a Company’s Social Impact is fundamental in Sustainability

We are all aware of the triptych of environmental, financial and social impact and their interlinkage when it comes to Sustainability (CSR).  A society is unable of survival without the support of a healthy natural environment and the role of corporations and organizations is crucial when it comes to keeping the balance and contributing to both the environment and the society.

Most companies take their contribution to society seriously under consideration and embed it in their strategic goals. But how well do they assess and measure their impact? And how can they maximize this impact to the benefit of society?

There is a key role to be played on behalf of companies of any type and size, especially for those companies that set a good working environment on top of their priorities. That is to reassure that human rights and labor relations are protected and staff is well managed, trained and promoted while working conditions are well catered.

Identifying the social impacts is one of the first steps to make which happens to be the easy part compared to the process of measuring them. It is worth noting that there is a highly likelihood to jeopardize the transparency of translating human experience into numbers. Frequently, making only a part of tangible measurements is often questionable as to how complete a company’s operations are and if they are able to go further.  That is to include all stakeholder relationships under a legal umbrella to avoid any corruptive and disappointing social consequences.

Nevertheless, there is a challenging role that companies are called to play in the society in order to adapt and harmonize their presence within it by taking over activities that address the overall good and achieve sustainability. Still, if their social impact is not clearly understood by all departments within a company, the process is unlikely whether it can be put into force. This is why it is essential to integrate a Social Impact Assessment into their corporate strategy.

Sustainability Academy has designed a special online course for professionals in order to provide them  with the most comprehensive and practical knowledge on Social Impact Assessment and SROI. Take the opportunity to receive the affordable online certificate and along with the Online Diploma on Corporate Sustainability, become a Certified Sustainability (CSR) Practitioner.

 

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