WBCSD Measuring Impact Framework

Question 1

What is the WBCSD Measuring Impact Framework?

Answer 1

Definition : A tool developed by the World Business Council for Sustainable Development (WBCSD) to help businesses measure and manage their social, environmental and economic impacts
Purpose : Align business strategies with sustainable development goals (SDGs) and create value for stakeholders

Question 2

Key Steps in the Framework

Answer 2

1. Understand Context : Identify relevant social, environmental and economic issues
2. Measure Impact : Use qualitative and quantitative methods to assess impact
3. Take Action : Integrate insights into business strategy
4. Communicate Results : Share findings transparently with stakeholders

Question 3

Corporate Governance & Environmental Management

Answer 3

Definition : Focuses on how companies govern and manage environmental responsibilities
Purpose : Drive accountability and environmental stewardship within business operations
Key Actions :
1. Set sustainability goals and governance structures
2. Monitor and reduce carbon footprint, waste and resource use
3. Align polices with global standards (e.g. GHG protocol, SDGs)

Question 4

Infrastructure, Products & Services

Answer 4

Definition : Evaluates the environmental and social impacts of company-owned assets, products and services
Purpose : Promote sustainable innovation and minimize ecological footprints
Key Actions :
1. Design eco-friendly products and sustainable infrastructure
2. Transition to renewable energy and efficient technologies
3. Assess lifecycle impacts (production to disposal)

Question 5

Financial Flows (Procurement & Taxes)

Answer 5

Definition : Analyzes the financial decisions, procurement processes and tax contributions of companies
Purpose : Support economic equity and ethical financial practices
Key Actions :
1. Engage in sustainable sourcing and supply chain management
2. Ensure fair tax practices and local community contributions
3. Invest in green technologies and responsible partnerships

Question 6

Jobs, Skills & Training

Answer 6

Definition : Measures the company’s impact on employment, skill development and community well-being
Purpose : Foster a resilient, skilled workforce and equitable societal development
Key Actions :
1. Create safe and inclusive workplaces
2. Invest in employee training for sustainability-related skills
3. Support community programs and job creation