Assessing your total impact

Do your strategic decisions rely on financial metrics alone? Or are you thinking holistically and know your total impact?

Four TIMM quadrants

  1. Social Impact - Measures and values the consequences of business activities on society such as health, education and community cohesion.
  2. Environmental Impact - Puts a value on the impact business has an on natural capital eg. emissions to air, land and water, and the use of natural resources.
  3. Tax Impact - Values a business' contribution to the public finances, including taxes on profits, people, production and property, as well as environmental taxes.
  4. Economic Impact - Measures the effect of business activity on the economy in a given area, by measuring changes in economic growth (output or value added) and associated changes in employment.

Sustainability and climate change blog

Sustainability in business blog