Total Impact Measurement and Management

Values in society are being reassessed external stakeholders are gaining more influence and Government policy and regulation are changing.

Businesses therefore need to understand their impacts so that they make the best choices such as when they are considering key strategic questions, evaluating investment options and developing partnerships and alliances.

To do this they need to have a clear understanding not only of the short- and long-term direct financial effects but also the wider economic, fiscal, social and environmental impacts. Our team brings industry and economic knowledge together to analyse comprehensively the impacts of diverse business decisions.

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Malcolm Preston, Global Sustainability Leader, introduces Total Impact Measurement and Management and shows how it can support decision making for business.

Impact assessments

The changing nature of business and increased regulation means that organisations across all sectors of the economy need to understand the impacts of their key decisions, in order to demonstrate the beneficial impact of their activities, justify their investments internally and externally and develop and sustain partnerships and alliances.

To do this they need to have clear data on both the direct financial effects but also the wider economic, social and environmental impacts.  Our team brings industry and economic knowledge together to analyse the impacts of diverse business initiatives.  Our impact assessments typically quantify and monetise three types of impact:

  • Direct impacts - such as the employment, output and fiscal contributions generated by the sector/company itself
  • Indirect and induced impacts - employment and output supported by the sector/company via purchases from its supply chain and by the spending of those employed directly or indirectly by the sector/company
  • Wider impacts - the extent to which the activities of the relevant sector/company contribute to improved productivity and performance in other sectors of the economy.

Four TIMM quadrants

  • Social Impact - Measures and values the consequences of business activities on society such as health, education and community cohesion.
  • 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.
  • Tax Impact - Values a business' contribution to the public finances, including taxes on profits, people, production and property, as well as environmental taxes.
  • 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.

Contact us

Mark Ambler
Director, PwC United Kingdom
Tel: +44 (0)20 7213 1591
Email

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