A company committed to socially responsible policies contributes to local social and economic development. This impact is measured by employee salaries and taxes paid by the company, purchases, as well as its core activity. There are direct and indirect impacts concerning many stakeholders – not only employees, suppliers, clients, but also society as a whole as well as the environment. Socio-economic impact assessment allows companies to determine the value that they contribute to the area of its activity.
Why measure economic impact?
We believe that a positive socio-economic footprint contributes to the longevity and prosperity of an organization. Calculating socio-economic footprint of a company also allows for a more complete vision of a company or a specific project’s performance.
You are a company, an administrative entity, or an association and you wish to:
- Determine the direct and indirect impacts of your activity in terms of jobs created and value added
- Determine the economic returns of your activity or project in its area of implantation
- Communicate transparently the socio-economic impact of your activity to all involved stakeholders
- Identify levers for optimizing your socio-economic impact on a territory
- Integrate CSR issues into your organization’s strategy and integrate new performance indicators
How is economic impact measured?
The results of socio-economic footprint studies are expressed in terms of euros and also in terms of jobs created or retained on the territory. Different methods are used:
- Thésaurus-Territoire to measure the value of a territory
- Thésaurus-RBC to calculate the economic returns of a project or an activity
- Thésaurus-Leontief to measure the propagation of value and jobs created in a territory
Few case studies
- Collectivités Territoriales
- Empreinte Socio économique
- Finance Et économie