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Social impact: what does it mean, and how should we measure it?

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Social impact : what does it mean, and how should we measure it? / Vidra, Robyn Klingler.

In: The Economist Intelligence Unit Perspectives, 13.01.2020.

Research output: Contribution to specialist publicationEditorial

Harvard

Vidra, RK 2020, 'Social impact: what does it mean, and how should we measure it?' The Economist Intelligence Unit Perspectives.

APA

Vidra, R. K. (2020). Social impact: what does it mean, and how should we measure it? The Economist Intelligence Unit Perspectives.

Vancouver

Vidra RK. Social impact: what does it mean, and how should we measure it? The Economist Intelligence Unit Perspectives. 2020 Jan 13.

Author

Vidra, Robyn Klingler. / Social impact : what does it mean, and how should we measure it?. In: The Economist Intelligence Unit Perspectives. 2020.

Bibtex Download

@misc{745a9122ceb94cc8a2214ba9d3c48c5d,
title = "Social impact: what does it mean, and how should we measure it?",
abstract = "Businesses around the world——including the 181 CEOs in the Business Roundtable—increasingly assert their intention to deliver positive environmental and social impact. We are bombarded with headlines about companies wanting to “do good by doing well” and to achieve “profit with purpose”. In particular, business leaders speak of, and report on, their organisation’s “social impact”. It seems everyone wants to make a (positive) social impact.But what do they mean by this? How do they operationalise the term? And how can we measure it and hold businesses to account? Contrary to the positive energy and intentions, without a robust understanding of what we mean by impact the risk of “impact washing” looms, in which businesses continue their same old practices but reframe their activities in the language of the Sustainable Development Goals (SDGs) and purpose.Despite efforts to standardise an understanding of “social impact”, there remains a need to widely socialise a shared meaning of the term. This blog strives to help by offering an account of its origins and evolution.",
keywords = "sustainability, social impact, corporate social responsibility (CSR), SDGs, SUSTAINABLE DEVELOPMENT",
author = "Vidra, {Robyn Klingler}",
year = "2020",
month = "1",
day = "13",
language = "English",
journal = "The Economist Intelligence Unit Perspectives",

}

RIS (suitable for import to EndNote) Download

TY - GEN

T1 - Social impact

T2 - what does it mean, and how should we measure it?

AU - Vidra, Robyn Klingler

PY - 2020/1/13

Y1 - 2020/1/13

N2 - Businesses around the world——including the 181 CEOs in the Business Roundtable—increasingly assert their intention to deliver positive environmental and social impact. We are bombarded with headlines about companies wanting to “do good by doing well” and to achieve “profit with purpose”. In particular, business leaders speak of, and report on, their organisation’s “social impact”. It seems everyone wants to make a (positive) social impact.But what do they mean by this? How do they operationalise the term? And how can we measure it and hold businesses to account? Contrary to the positive energy and intentions, without a robust understanding of what we mean by impact the risk of “impact washing” looms, in which businesses continue their same old practices but reframe their activities in the language of the Sustainable Development Goals (SDGs) and purpose.Despite efforts to standardise an understanding of “social impact”, there remains a need to widely socialise a shared meaning of the term. This blog strives to help by offering an account of its origins and evolution.

AB - Businesses around the world——including the 181 CEOs in the Business Roundtable—increasingly assert their intention to deliver positive environmental and social impact. We are bombarded with headlines about companies wanting to “do good by doing well” and to achieve “profit with purpose”. In particular, business leaders speak of, and report on, their organisation’s “social impact”. It seems everyone wants to make a (positive) social impact.But what do they mean by this? How do they operationalise the term? And how can we measure it and hold businesses to account? Contrary to the positive energy and intentions, without a robust understanding of what we mean by impact the risk of “impact washing” looms, in which businesses continue their same old practices but reframe their activities in the language of the Sustainable Development Goals (SDGs) and purpose.Despite efforts to standardise an understanding of “social impact”, there remains a need to widely socialise a shared meaning of the term. This blog strives to help by offering an account of its origins and evolution.

KW - sustainability

KW - social impact

KW - corporate social responsibility (CSR)

KW - SDGs

KW - SUSTAINABLE DEVELOPMENT

UR - https://eiuperspectives.economist.com/sustainability/social-impact-what-does-it-mean-and-how-should-we-measure-it

M3 - Editorial

JO - The Economist Intelligence Unit Perspectives

JF - The Economist Intelligence Unit Perspectives

ER -

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