Socio-economic Impact Assessment
Introduction: This course explores the critical practice of Socio-economic Impact Assessment, with a focus on measuring and managing double materiality and long-term value creation. As sustainability becomes increasingly central to business strategy and stakeholder expectations, professionals must develop robust methodologies to assess both the impacts of an organization on society and the environment, as well as how sustainability issues affect an organization’s financial performance and value creation.
Objective: To equip sustainability professionals with the knowledge and tools to conduct comprehensive socio-economic impact assessments that address double materiality and enable organizations to optimize long-term value creation for all stakeholders.
Learning Outcome: By the end of this course, participants will be able to:
- Understand the concept of double materiality and its importance in sustainability reporting and strategy
- Apply methodologies for measuring socio-economic impacts across various dimensions
- Analyze how sustainability factors influence an organization’s financial performance and risk profile
- Develop strategies to manage and optimize long-term value creation based on impact assessment findings
- Communicate socio-economic impact results effectively to diverse stakeholders
Target Audience:
Sustainability managers and professionals, Corporate social responsibility (CSR) officers, Environmental, Social, and Governance (ESG) analysts, Business strategy consultants, Risk management professionals, Investors and financial analysts interested in sustainable finance, Government officials involved in sustainability policy-making, NGO leaders focused on corporate sustainability
