With a plethora of CSR consulting organisations already claiming to provide the best impact assessment studies through complex performance metrics, our process at IDCL is simpler and much more humane. We assess the impact of the project not only in numbers but also from the eyes of the beneficiaries. We believe that our 5 step framework is helpful for identifying, structuring and analyzing the relevant information about proposed CSR programs so that the companies can achieve the desired impact.
we measure impact in
more than just numbers.
CSR IMPACT ASSESSMENT
Our impact assessment services provide effective means to ensure that CSR projects are conducted effectively and are helpful to target beneficiaries. The impact assessment of CSR programs also substantiates the influence and effects of the project and activities based on qualitative and quantitative indicators.
At IDCL India, we conduct unbiased impact assessment studies to help the funding agency understand the overall outcome and impact of the CSR project or initiative from the point of view of the beneficiaries. Till date, IDCL India has conducted more than 20 CSR impact assessment studies across multiple development sectors.
Our approach is humane which helps us understand the real impact of the project.
We boast about our completely fair, unbiased and transparent assessment approach.
Get an impact assessment study done through industry leading development practitioners.
IDCL's 5 STEP FRAMEWORK
helps you identify, analyze and
structure your sustainability goals
Understanding the CSR Project
CSR (Corporate Social Responsibility) acts as a clear assessment of your businesses involvement towards the underlying social issues. It is observed that consumers nowadays are getting increasingly aware of social responsibility and tend to value businesses that maintain transparency and ethical practices rather than businesses with a cleverly designed CSR approach impacting their own profit margins.
As a matter of fact, before assessing the impact of any CSR Initiative and deciding the course of implementation, we believe that it is quint-essential for both the parties to discuss the details about the nature of the project and how impactful the CSR project would be towards eliminating some of the key underlying social issues.
Analysing the Strategy
According to a recent Global CSR study – 91% of global consumers expect businesses to contribute generously towards the environmental and social issues, whereas 84% seem to value responsible products. Notably 90% of global consumers express thoughts on boycotting a business having learnt of deceptive business practices. Thus, it is imperative to review the relationship of the CSR initiative with the corporate strategy so that we can analyse the impact of the project on the beneficiaries.
At this step, we seek to find answers to the following questions:
It is also important to estimate the probability of success or failure of the project. The good purposes associated with CSR projects/ initiatives may not always provide a systematic guarantee of their success. Thus, the scenario of the projects’ failure will be estimated well in advance.
While evaluating any CSR initiatives and projects our main concern at IDCL India is to always look for the risks associated with corporate reputation and sustainability. Based on this, we seek to find an unbiased answer to the following questions:
With all the above steps completed successfully, it is now important to track the performance of the ongoing CSR project through an unbiased metric system that would be based on the three pillars of sustainability i.e, environmental, social, and ﬁnancial.
We do know that corporations might have access to such performance measuring tools, but there is no value addition done to the data accumulated. At this point, our Circle of Experts turn out to be effective as our wide network comprises of experienced development practitioners, who can analyse the data for you and can provide solutions that will be beneficial for your business goals and the beneficiaries.
Analyzing Value Creation & PR Strategies
After the performance analysis, projects’ contribution towards value creation will be evaluated. This phase estimates the impacts of the project from the twofold point of view of both CSR and ﬁnance, or, which can also be called as the three pillars of sustainability - namely environmental, social, and financial.
These impacts lead to external recognition and often result in attracting talented workers and inclusion of the company in sustainability stock market indexes, which, consequently, gives more opportunities to the corporates in terms of capturing further investments from responsible funds.
Apart from this, revision of the marketing and communication policies associated with the project is also done in order to evaluate whether the reports issued by the corporate follows the rules as mentioned in the Companies Amendment Act, 2021.