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Today, business success cannot be achieved through a narrow focus on short term shareholder return. Companies that want to excel need to understand how their actions contribute to Good Growth: growth that is real, inclusive, responsible and lasting.
Placing a value on how your business impacts the economy, the environment, and wider society is as important as calculating financial return. Altogether, this measures the total impact your business has on society and provides the information you need to navigate today’s operating environment.
We believe a total impact approach to making strategic decisions provides the holistic perspective a business needs to understand risk, identify opportunities, and optimise its contribution to society. In 2010, PwC started developing our Total Impact Measurement and Management (TIMM) framework, using the latest thinking together with well established approaches. Since then we have worked with our clients, academics and other experts to refine the TIMM framework, which is now recognised as a leading approach to identify, measure and value impact.
By valuing social, environmental, and economic impacts, business leaders are now able to compare the total impacts of their strategies and investment choices. By managing the trade-offs, they’re able to identify the optimal decisions for their business and their stakeholders.
How we can help you
- Impact Explorer
- Social Impact
- Environmental Impact
- Tax Impact
- Economic Impact
Impact Explorer
PwC’s Impact Explorer puts a value on the societal impacts of your business.
Social Impact
Measure and value the effect your business activities have on society, such as on the skills, livelihoods and health of your employees, customers and local communities.
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 and associated changes in employment.
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Contact us
Global Sustainability, Climate and Nature Strategy, Director, PwC United Kingdom
Tel: +44 (0)7718 864854
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