BSR’s new tool helps companies make strategic social investments in communities where they operate, which is a critical aspect of building sustainable local economies. Strategic social investments allow companies to maximize the impact of their resource allocations, increase the long-term sustainability of their efforts, develop productive and mutually beneficial relationships with local stakeholders, and mitigate operational disruptions by strengthening their social license to operate.
Applying BSR’s materiality analysis approach, this tool:
- Provides companies with a consistent framework to identify social investment opportunities that are important to both stakeholders and business success.
- Defines criteria to assess different opportunities such as levels of risk, anticipated impact, and number of people affected.
- Prioritizes possible investments based on the defined criteria.
To learn more about this tool, which is a paid-for service provided by BSR, contact Alison Colwell.