The study looked at a number of current initiatives in the area of corporate economic and socio-economic benefits analysis and reporting, including the OECD Multi-National Enterprise and UN Global Compact principles, the Dow Jones Sustainability and FTSE4GOOD rating indices, the GRI 2002 Sustainability Reporting Guidelines, the IFC method for assessing project economic impact, and a recent study on the impact of business on poverty undertaken by Emerging Market Economics with the UK Department for International Development. We conclude that the discipline of economic impact reporting is not well evolved, and suffers from a number of persistent challenges.
Michael Warner