Can we assign monetary values to social impact?
Can we assign monetary values to social impact?
10 Nov 2023
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Description
Social impact refers to the effects or consequences experienced by people due to some kind of change. Business can cause both good and bad impact and that's just one of the reasons why measuring social impact is so important. But how can business assess the value of their actions' outcomes and put a number on it? See how Rebecca Roebuck approaches the idea of value, including in financial terms, and understand the principles and methodologies you can use to make sense of the return on social investment.
Table Of Contents
What is social impact?
How do you normally measure social impact?
How to assign a financial value to social impact?
Does this social impact measurement methodology apply to any industry?
How important is it for investors?
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