4 Flashcards
(11 cards)
Categorizing impacts
EU 2011 „the responsibility of enterprises for their impacts on society”
- physical, financial and psychological
- negative, positive or neutral
- short, medium and long-term
- direct or indirect
- intentional and unintentional
Impact value chain
Impact – the portion of the total outcome that happened as a result of the activity of an organisation above and beyond what would have happened anyway
Inputs – resources investments
Outputs – direct and tangible products
Outcomes – the changes to people resulting from the activity
Characteristics of the impact measurement processes
Mapping the starting point and the aims (data)
Forecasting the expected results of the plan and assessing the realistic alternatives
Include the processes of impact analyses and the possible negative impacts (in case we have any and we don’t deal with them)
Publically available reports about evaluation and negative impacts
Conciliation with regulatory bodies, communities etc.
Decision-making process when assessing major impacts and how to handle them
Impact measurement based on purpose
Impact measurement is not an end in itself rather a tool to accomplish something
Impact measures are chosen based on what managers want to do with the measurement results,
- Managers should begin by deciding on the managerial purposes to which impact measurement may contribute.
Managers might want to answer questions
- How is value distributed in our supply chain?
- How do stakeholders value our company?
- How can we continue to improve our products and processes?
Impact measurement systems
Atkinsson Compass Assessment for Investors ACAFI
Assessment of the sustainability of communities
Life Cycle Assessment
Community Footprint (Business in the Community)
Measuring local social-economic impact: people, place and economy
A wide variety of data, information
Social Return on Investment (SROI)
Monetized methodology
IPIECA
“Guidance document for the oil and gas industry”
London Benchmarking Group modell
Global network of over 200 companies, the aim is to measure community investments
LBG model: input – output – impact matrix, a 2 step model to map the results of a program, and in the second step to examine the depth of the positive outcomes
SROI
Determining the focal points and the key stakeholders
Determining inputs, output and outcome
Outcomes supported by data, for example financial information
Determining impacts
Calculating the social impact of an investment
Reporting, embedding
NIKE value chain footprint - from extraction of raw materials to the end of life of products
Minimizing our environmental footprint involves understanding our environmental impacts—what they are and where they occur. We use that information to make data informed decisions about our processes throughout Nike operations and our value chain.
An interactive data visualization
Material issues – materiality
GRI – Global Reporting Initiative
AccountAbility: In terms of sustainability reporting, and more broadly managing sustainable businesses, the question of ‘what is material’ is framed to include the information needs of both management and investors and other stakeholders who take decisions which can affect a business’s performance in the long-term.
Prioritizing relevant and material issues
Asking stakeholders
Asking about their perceptions
Asking experts
Using risk assessment
Media, publicly available information
The core process of materiality determination
The core process is based on a cycle of three broad stages: (1) identify issues, (2) prioritise and (3) review,
embedded within an ongoing process of strategy development and performance management and reporting and stakeholder engagement.
GRI
Why - to help organizations to be transparent and take responsibility for their impacts
How - Creates a global language for organizations to report their impacts. This enables informed dialogue and decision making around those impacts
What
- Global standard setter for impact reporting
- Independent, multi-stakeholder process
- Maintain comprehensive sustainability reporting standards
- Standards are free public goods
