Measuring Impact, for Impact, London
More and more companies are interested in measuring their socio-economic impacts in order to maintain license to operate, improve the business enabling environment, strengthen their value chains, and fuel product and service innovation. And more and more development stakeholders are demanding companies impact information, whether to justify co-investment and collaboration or simply to achieve transparency.
The World Business Council for Sustainable Development (WBCSD) has synthesized the challenges, experiences, and insights of its member companies into the new publication 'Measuring socio-economic impact: a guide for business,' just released. The publication profiles 10 tools designed for business, but points out that best practice will need to evolve even further if companies are to be able to measure impact, for impact. Impact measurement needs to be integrated into business performance management, where it can drive action. And it needs to inform and shape cross-sector collaboration to improve results.
This will not happen without greater dialogue about what is actually meaningful to measure for companies and for their development stakeholders. The question is one that the Business Innovation Facility (BIF) has been working with companies and with DFID to answer over the last three years.
On Wednesday, 1 May, WBCSD, BIF, and Business Fights Poverty will explore the challenge of finding meaning in measurement in an event featuring:
Kitrhona Cerri, Program Manager, WBCSD
Caroline Ashley, Director, Inclusive Business Results, BIF
Marianne Mwaniki, Head of Social and Economic Impact, Standard Chartered
The event will be moderated by Simon Maxwell, Senior Researcher, Overseas Development Institute.
How to register:
To register for this event, you first need to become a member of Business Fights Poverty. Membership is free and comes with a number of benefits. To become a member, click here.
Once you have become a member, Business Fights Poverty event page and click on one of the RSVP options on the right hand side of the page.