Social impact measurement
With the intensifying global focus on social issues such as human rights, diversity, privacy, and gender equality, as well as increased scrutiny from consumers regarding organisations’ social values, it’s just as important to measure social impact as it is to measure environmental impact.
It’s easy for organisations to say they care, and that they’re changing for the better. But many will set lofty goals without taking the necessary actions to make them a reality.
That’s where reporting comes in. By measuring corporate social responsibility performance and reporting on social impact metrics, organisations can ensure that their business activities are positively impacting society and the wellbeing of their workforce, and communicate this impact with internal stakeholders and the outside world.
But measuring social impact can be tricky, with many different data points covering many different topics. Luckily, Rio makes it easy.
Social impact measurement software
Social impact disclosure
Centralised social data
Who uses Rio for measuring social impact?
In-house teams use Rio to calculate their organisations’ social impact, track performance over time, set targets, and manage the social aspects of their sustainability strategy.
Consultants use Rio to produce social impact reports for their clients and provide strategic, data-driven recommendations for improvement. Rio removes the need for complex spreadsheets and simplifies tracking social impact on behalf of clients.
Financial professionals at private and public equity firms use Rio to produce social impact reports at the portfolio or fund level, ensuring alignment with ESG and social legislation while also managing reputational and ESG risk.
Governments and public-sector organisations use Rio to calculate their social impact, track performance over time, set targets, and manage the social aspects of their sustainability and net zero strategies.