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Social impact assessment. Social impact assessment (SIA) is a methodology to review the social effects of infrastructure projects and other development interventions. Although SIA is usually applied to planned interventions, the same techniques can be used to evaluate the social impact of unplanned events, for example, disasters, demographic ...
Double bottom line. Double bottom line (abbreviated as DBL or 2BL) seeks to extend the conventional bottom line, which measures fiscal performance—financial profit or loss—by adding a second bottom line to measure a for-profit business's performance in terms of positive social impact. There is controversy about how to measure the double ...
The triple bottom line consists of social equity, economic, and environmental factors. The phrase, "people, planet, and profit" to describe the triple bottom line and the goal of sustainability, was coined by John Elkington in 1994 while at SustainAbility, [3][9] and was later used as the title of the Anglo-Dutch oil company Shell's first ...
The lack of similar metrics and tools for social programs means a lot of good work in this field goes unrecognized and businesses will have less incentive to invest in them.
80000hours.org. 80,000 Hours is a London-based nonprofit organisation that conducts research on which careers have the largest positive social impact and provides career advice based on that research. It provides this advice on their website, youtube channel and podcast, and through one-on-one advice sessions.
Corporate social responsibility (CSR) or corporate social impact is a form of international private business self-regulation [1] which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in, with, or supporting professional service volunteering through pro bono programs, community development ...
Despite its purpose of having a positive impact on society, sustainability reporting is subject to various criticisms. First, while companies can refer to the reporting framework that best fits their industry and organization, [ 54 ] this freedom implies a lack of standardization that hinders the effectiveness of the sustainability reporting ...
Creating shared value (CSV) is a business concept first introduced in a 2006 Harvard Business Review article, Strategy & Society: The Link between Competitive Advantage and Corporate Social Responsibility. [1] The concept was further expanded in the January 2011 follow-up piece entitled Creating Shared Value: Redefining Capitalism and the Role ...