A social impact report helps to address
Understanding how social projects create value and how companies can design better programs. By learning from what works well and what does not, companies can improve the effectiveness of future investments, ensuring they maximize the benefits from their social investment budget.
Valuing the social benefits created by an investment program helps to demonstrate the return for every rupee spent. Demonstrating the value to beneficiaries, as well as to the business, can help corporate responsibility managers’ secure greater support from stakeholders / shareholders.
The report gathered on the inputs, outputs, outcomes and impacts of social investment can be used to implement effective strategies for monitoring future progress of the project.
The impact report covers areas of improvement and offers opportunities to implement corrective plans.
Collecting feedback from the beneficiaries of the social program, NGOs or local government organizations can help build deeper relationships with communities and partner organizations.