What Is A Social Impact? written by leading by social development specialist Ildiko Almasi Simsic sheds critical light on the social impact tools businesses can use to truly achieve social sustainability.
Businesses face increasing pressure from governments, shareholders, and communities alike to “do good” for society. But a lack of robust, legally regulated, standardized measurements to decide what actually creates positive social impact leaves many organisations at risk of “social washing”. Mandatory social risk management and voluntary positive impact creation are rarely distinguished, leading to a general misunderstanding of context and scope.
Generic definitions, inflated claims and subjective standards won’t cut it.
Pioneering new book, What Is A Social Impact? is the ultimate guide to truly achieving social sustainability. It provides clarity on what it really means to be socially impactful, and analyses the key social impact tools available for organisations to really drive positive change.
From ESG to social impact assessment, Corporate Social Responsibility to impact investing, philanthropy and social enterprise, this book breaks down the uses and limitations of each ‘social impact product’ in order to make social sustainability a successful reality.
Author Ildiko Almasi Simsic is a social development specialist with 15 years’ experience as a social performance practitioner. She works with the world’s largest development finance institutions on diverse projects from labour and supply chain management to involuntary resettlement, livelihood restoration to environmental and social management system assessment. She is also creator of new ground-breaking AI-powered tool, myESRA™, which is the world’s first automated research assistant that puts the industry’s most comprehensive environmental and social specific knowledge base at the fingertips of E&S experts
Drawing on real-world examples and compelling case studies of social development, Ildiko comprehensively assesses our common understanding of social impacts and provides a clear blueprint for overcoming the limitations of social impact products.
What is a Social Impact is well written, easy to follow and provides pragmatic thoughts and ideas on the role HR plays in corporate social responsibility and how this can also help attract and retain talent. It is an important, essential guide for HR departments on how to achieve a more sustainable and socially conscious future.
What Is A Social Impact? by Ildiko Almasi Simsic is out now, available on Amazon.