While environmental impact assessments are meant to be conducted for certain developmental projects in Nigeria, social impact assessments are not compelled in any case. However, due to the importance of sustainability as a business concern, organizations are increasingly seeing the need to consider the social impact of their activities alongside the economic and environmental impacts. Also, reporting on the sustainability efforts of organizations is best practice today. It is noted that businesses are set up with profit in mind but for those businesses to exist in the first place, there has to be an eco-system that can sustain them. People have to be available to use whatever product or service the business offers; more importantly, the environment has to be viable for business to thrive. And without the society there will be no business. It is therefore important for business to measure and report their social impacts across the value chain. Doing this will help business understand their negative and positive impacts as well as where they are not making any impact. It will also help business develop strategic frameworks on the reduction of these negative impacts and help turn these impacts to opportunities, which would be of benefit to business and society.
Social impact assessment (SIA) is vital to understanding the holistic impact of a company's activities and sustainability efforts. Though economic development is needed to combat poverty, unsustainable economic activities can have an extraneous effect on a society's entire eco-system. Culture, education, environment and other social activities can be affected by supposed developmental projects. Attempt to supply trees as a raw material may not only lead to deforestation activities but may also negatively impact on the lives of surrounding societies whose natural existence cannot be decoupled from the forest the tress are being felled. This invariably would lead to the distortion of the eco-system albeit negatively. As it is, business can't be unconcerned with the externalities occasioned by climate change. Thus, organizations ought to regularly assess the impact economic, social and environmental of their business activities on the society. This will guide them strategically in managing their business performance. In essence, social impact assessment and sustainability reporting is more about managing business performance rather than about reporting.
Therefore, how can organizations ensure that social impact assessment and sustainability reporting goes beyond reporting and truly captures how they manage their performance across their value chain and in society? What frameworks should organizations develop in capturing and measuring their social impact using best practice? What standards should organizations employ in their sustainability reporting? How can organizations develop its sustainability reporting to focus on capturing and measuring performance across its entire business operation and activities in society? These questions have necessitated the "Social Impact Assessment and Sustainability Reporting Workshop". The workshop will speak to these pertinent questions by providing possible/practical solutions.
The workshop is designed to bring together middle, senior and executives in organizations, whose roles involve- strategy, marketing, health, safety and environment, corporate social responsibility, sustainability, human resources, risk management and governance to understand the benefit and the practicality of social impact assessment and sustainability reporting in managing business performance.
- Beyond profitability: The need for social impact and sustainability
- Creating value for customers, host communities and employees through social impact
- Social Impact assessment- best practices
- Capturing and measuring social impact as performance management
- Sustainability Reporting- Transition to GRI Standards
It is expected that this workshop will help the participants understand the link between social impact and business performance and how to integrate social impact into business strategy. It is also expected that this workshop will help the organizations the participants will be drawn from to know how to capture and measure their social impact using metrics that meet international best practices. It is also expected that this workshop will help organizations develop capacity for sustainability reporting in the light of managing performance.
Middle, senior and executive level functional managers in organizations involved in sustainability strategy development and implementation, human resources, strategy, marketing, health, safety and environment (HSE), risk management and governance.