Working Groups

Business is a significant factor in socio-economic impact – and the socio economic impact is an important indicator of the success of the business, especially long term. When creating jobs, training workers, building physical infrastructure, acquiring raw materials, transferring technologies, paying taxes and increasing access to products and services from food to energy to information technology, companies affect the assets, skills, opportunities and standard of living of the population, sometimes positively and other times negatively. And as these people are composed of its employees, clients, vendors, distributors, retailers and neighbors, their growth and wellbeing is important for the financial success of the company. It makes a difference if the company has satisfied clients, healthy value chains, happy local communities and the support of the government and other current and future stakeholders. As a consequence companies are increasingly interested in measuring their socio-economic impact for various reasons, from cost reductions to the creating and exploring opportunities.