CSR Impact Assessment
CSR impact assessment is deriving impact targets through Strategies to align social and business values. These metrics guide management for CSR impact assessment evaluation and strategy formulation. CSR impact assessment is the only tool to provide an independent evaluation of the implemented project via CSR impact assessment platform. CSR Impact assessment helps company to comply with companies Act regulations and standard.
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CSR Impact Assessment
Wire consultancy offers a comprehensive reporting format under CSR Impact Assessment services to help businesses of all sizes and sector to meet their sustainability, ESG and BRSR reporting needs. Our team of experts analyzes the social, environmental, and economic impact of your CSR impact assessment initiatives to help you measure and communicate the positive change your organization is making.
Specific code of conducts (The amfori BSCI Code of Conduct, Sedex Members Ethical Trade Audit & Initiative for Compliance and Sustainability) and Standards (ISO 26000) are used for performance measurement and benchmarking in the Corporate Social Reporting Audit.
Our CSR Impact Assessment services include the following assessment procedure
- Baseline assessment:We collect all relevant documents, primary data and conduct thorough assessments to understand the compliance requirement of project and establish a baseline for measuring impact.
- Stakeholder engagement: We engage with multiple stakeholders to gather valuable data, insights and feedback, ensuring a holistic understanding of the project’s impact.
- Impact measurement: We measure both quantitative and qualitative factors through established methodologies which will measure the impact of CSR impact assessment.
- Direct and indirect impact assessment: Our data analytics system measures both direct and indirect impact of project on communities, beneficiaries and environment.
- Reporting: We provide concise reports, highlighting the key findings and impact achieved, mapping it to SDG goals to effectively communicate your CSR impact assessment efforts through Sustainability, ESG and BRSR reports.
- Recommendations: Based on our data assessment, we measure the gap areas and recommend action points to enhance the effectiveness and sustainability of your CSR projects.
Baseline Assessment
- Goals and objectives of CSR impact assessment
- Identification of Key stakeholders (internal and external)
- Quantitative and Qualitative Data collection
- Demographic details
- Project – specific metrics
- Financial Data
Stakeholder Engagement
- Government agencies, NGOs, communities, Employees and other entities
- Inclusive and respectful and culturally sensitive approach
- Individual interviews
- Group discussion
- Surveys and workshops
- Online platforms for feedback and inputs
Impact measurement
- Quantification of changes
- Qualification of changes
- Primary and secondary data analysis
- Identifying key performance indicators (KPIs)
- leverage with Government reports and publically available datasheets
- Tracking outcome
- Capturing outputs
Direct and indirect Impact Assessment
- Direct benefit analysis
- Indirect benefit analysis
- Identifying impact indicators
- Socio-economic and environmental impact
- Comprehensive assessment of Impact
- Impact Evaluation
Reporting
- Reporting formats
- Frame work and standard
- Key finding
- Impact achieved
- Engaging infographics
- Data visualization
- Return on investment (ROI)
- Sustainable development goals (SDG goals)
- Executive summary
Recommendations
- Identification of strengths
- Areas of improvement
- Maximization of positive social, economic and environmental impact
- Sustainability of CSR project
- Benchmarking against industry best practices
- Suggestion on strategies
- Supporting implementation
To understand more about our CSR Impact Assessment services, please contact us today. We would be happy to discuss your project oriented specific needs, related queries and can help you achieve your sustainability goals.
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