PwC’s Impact Explorer: A new tool for measuring and valuing your global impacts

Impact measurement and valuation in context – why now?

Successful businesses need to focus on delivering value to shareholders and wider society, which means understanding their societal impacts beyond traditional financial metrics to answer questions such as:

How am I creating value for society?
What positive and negative impacts does my supply chain create?
Which impacts are the most significant and what is driving them?

PwC’s Impact Explorer tool provides insights into these questions by assessing the company’s costs and benefits to society using consistent and comparable units.

What is Impact Measurement & Valuation?

Impact Measurement & Valuation is the application of both natural capital and social capital accounting to place a monetary value of the scale of the impacts your business has on society. It includes environmental changes, for example - air pollution, and how this affects people. It also includes direct changes to well-being resulting from, for example, workplace health & safety, or job creation.

Placing a monetary value on your total impacts has many advantages. You are able to get an immediate sense of scale in a language that is understood by all the business world. And perhaps most importantly you are able to compare between all types of impact for the first time, enabling trade-offs to be made with confidence.

How it works

The Impact Explorer brings together a tool to estimate environmental, social and economic performance data with impact valuation models PwC has developed over the last 7 years as part of its Total Impact Measurement & Management (TIMM) framework.

It measures and monetises the impacts of your global operations and full supply chain.
It provides insight into different dimensions of impact, enabling more informed decision-making, better visibility of risks and opportunities, and enhanced stakeholder engagement.
It requires only simple inputs that are readily available in the business including traditional sustainability metrics and financial data.

PwC's Impact Explorer puts a value on the societal impacts of your business

PwC's Impact Explorer is a first step for embedding impact measurement and valuation in your business

Key features

Quantifies your direct and global supply chain impacts
Monetises them by applying PwC’s leading edge valuation coefficients
Covers six key environmental impacts and four socio-economic impacts
Results visualised in an interactive dashboard which allows you to explore impacts at country, sector levels, business unit, impact type and value chain
Ideal for hot-spotting your impacts – by type, geography, driver and stakeholder

If you would like more information on how the Impact Explorer can help you better understand the impacts of your business, please contact us.