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