socioeconomic impact analysis
How we do it
An integrated approach of bringing the different valued socio-economic components into evaluation, which provides a comprehensive and cost-effective outcome.
We seek to generate comprehensive analysis on potential economic impacts as well as important social values attached to the activity, which inform likely attitudes and responses to the proposed change. We leverage a mix of qualitative and quantitative tools given challenges in data collection and measurement.
Valued socio-economic components include:
Why we do it
Moreover, this understanding can help design impact mitigation strategies to minimize negative and maximize positive impacts of any change. ESG can be as transformative from a growth perspective as it can be from a risk mitigation perspective.
Additional external benefits include: