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WBCSD Measuring Impact Framework

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Short presentation about the Measuring Impact Framework of the World Business Council for Sustainable Development (WBCSD), which was developed in collaboration with over 20 WBCSD member companies, reviewed by 15 external experts, and co-branded by the International Finance Corporation (IFC). It is designed to help companies understand their contribution to society and use this understanding to inform their operational and long-term investment decisions, and have better-informed conversations with stakeholders.

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WBCSD Measuring Impact Framework

  1. 1. An Introduction to the WBCSD Measuring Impact Framework September 2013
  2. 2.  The business case for measuring socio-economic impact  WBCSD Measuring Impact Framework – Approach – Methodology  Case studies  Key lessons & conclusions Presentation overview
  3. 3. Why do companies measure their socio-economic impact?
  4. 4. The Framework aims to help companies measure and assess their societal contribution and use this understanding to inform operational and future investment decisions It is also designed to:  underpin the business license to operate;  improve the quality of stakeholder engagement;  help manage risks more effectively  enhance the business contribution to society  improve efficiencies  understand the role of business vis a vis governments Measuring Impact Framework
  5. 5.  Built by business for business (working group of 20+ companies)  Co-branded with the International Finance Corporation (IFC)  Starts from what business does – business  Moves beyond traditional reporting  Encourages stakeholder engagement  Flexible  Complements existing tools  Externally reviewed (WRI, GRI, Harvard, IFC, Oxfam, etc.) Key features of the Framework
  6. 6. 3 components of the Framework Online applicationThe business case Methodology
  7. 7. Methodology Stakeholder engagement Step 1 - Set boundaries Step 2 – Measure direct and indirect impacts Step 3 – Assess contribution to development Step 4 – Prioritize management response Measuring Impact Framework Decision by individual companies
  8. 8. Merging two perspectives Development/ societal perspective Economic Growth Poverty Alleviation Education Social Stability Public Health Human Rights Governance Capacity Building Enterprise Development Environmental Sustainability Broader development contribution Business perspective Infrastructure Products and Services Jobs Skills and Training Procurement Taxes Corporate Governance Environmental Management Business activity Direct impacts Indirect impacts
  9. 9. Business activities (STEP 1) • Corporate Governance • Environmental Management Governance & Sustainability • Infrastructure • Products & ServicesAssets • Jobs • Skills & TrainingPeople • Taxes • Procurement Financial Flows
  10. 10. Mapping the impacts (STEP 2) Direct Direct Indirect Indirect Indirect Activity Activity Indirect Direct Indirect CONTEXTUAL UNDERSTANDING
  11. 11. Decision making framework: response to impacts (STEP 3 & 4) MITIGATE PARTNER SCALE UP LEVERAGE DIRECT INDIRECT NEGATIVE POSITIVE Optional: Stakeholder Engagement
  12. 12. Case studies on application of the WBCSD framework  Eskom – Measuring its footprint in South Africa  Nestlé – Developing & piloting inclusive business models  Saipem – Measuring social value creation at fabrication yard in Indonesia  Newmont Ahafo Gold – Business linkages with local communities  Ecosecurities – Project development tool for CDM & voluntary carbon markets
  13. 13.  Success of the methodology: – Positive user response – Evidence of use for business decision-making processes – Results chain & indirect impacts – Stakeholder engagement  Challenges: – Analyzing complex development issues – Location/context specific (no aggregation) – Examining negative impacts – Rapidly emerging impact measurement ‘landscape’ Lessons & conclusions
  14. 14. www.wbcsd.org/impact.aspx Kitrhona Cerri measuringimpact@wbcsd.org Download & more information

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