Max Oliva, Associate Director, Social Impact Management

The WBCSD has developed a new tool in order to assess the social impact of business. Through a stakeholder engagement framework, it follows four steps in order to have both, better relations and make better decisions. These four steps are: Setting boundaries, measuring direct and indirect impacts, assessing contribution to development and prioritizing management response.
It looks very interesting and has both content, contribution from various stakeholders, and practicality, which allows it to be accessed by different companies in order to engage on the conversation.

The WBCSD measuring impact framework can be used across sectors, by operations in different settings and environments and can be tracked overtime. It offers an analysis on governance & sustainability (including corporate governance and environmental management), assets (infrastructure, products and services), people (jobs, skills and training), and financial flows (procurement and taxes).
It certainly deserves the time to understand the framework, go through the “easy to use guide” and use the excel model, which allows to implement the model according to your company’s specific needs.