Social impacts are the societal and environmental changes created by activities and investments. Economic impacts are the broader economic changes brought about by these activities and investments.
Social impact measurement or evaluation is designed to identify changes in social impacts that result from an organisation’s activities. Most organisations have socio-economic impacts either by their core activities or by implementing corporate social investment (CSI) projects. Many organisations measure and evaluate the outputs of these activities. Few organisations measure and evaluate the outcomes and ultimate impacts of their activities. Socio-economic evaluations assess the ultimate impacts of these outputs on individuals, communities and the environment, which is the value added by these impacts, e.g. a better quality of life.
ESS specialises in evaluating the socio-economic impacts of CSI projects.