Abstract
This session showcases the latest trends in social accounting; what are the main challenges and risks are and how they can be mitigated. We explain which assessment model we use for for-profit and social enterprises. Overall, conducting a social impact assessment is a complex and challenging process that requires a great deal of planning, expertise, and resources to be done effectively. It’s important to be aware of these challenges and to have a well-designed plan in place to manage them. Sustainability and social impact are closely related concepts. Sustainability refers to the ability to meet the needs of the present without compromising the ability of future generations to meet their own needs. This includes environmental sustainability, which involves protecting and preserving natural resources, and economic sustainability, which involves creating and maintaining a strong and stable economy. Social impact refers to the effect that a business, organization, or product has on society, including the well-being of individuals and communities. The two concepts are interconnected, and a sustainable society is one that is socially just and equitable. Companies and organizations that prioritize social impact and sustainability work to ensure that they are operating in a way that is environmentally friendly, economically viable, and benefits society as a whole.
Details
Presentation Type
Theme
Sustaining Crisis: (de)growth, Alternative Economies, Greenwashing, Social and Political Movements
KEYWORDS
SOCIAL, IMPACT, ASSESSMENT, SUSTAINABLE, SOCIETY, COMPANIES, COMPLIANCE, STAKEHOLDERS, ANALYZING, DATA
