Topic 2 Benefits of measuring social impact in the external context (local and international)

Additionally, measuring social impact meticulously improves trustworthiness, reliability, transparency, credibility, access to information and to monitoring activities.

In the long term, it will also make the difference to gain more and/or new fundings.

  • Improvement of the engagement with all key stakeholders as translated by the set of benefits with investors.
  • Maintenance of a positive image/reputation → reflected at local level (within the community) and at international (with competitors and existing/potential partners).
  • Customer loyalty due to building trust and emotional connection
  • Minimising of the distance between citizens and business representatives, as social impact measurements make it easier to quantify and see the effects of a business’ activities.

key formula:

PLAN→DO→ASSESS→REVIEW

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