Understanding Impact
Impact is the effect or influence of one thing on another. It is the result or outcome of an action, decision, or event that affects someone or something in a meaningful way.
Types of Impact
1. Social Impact: The effect an organization’s actions have on the well-being of the community.
2. Environmental Impact: The effect human activities have on the natural world.
3. Economic Impact: The effect of a decision on the economy.
Examples of Impact
1. A charity providing clean water to a village has a positive social impact.
2. Deforestation has a negative environmental impact on wildlife and ecosystems.
Case Studies
1. TOMS Shoes: For every pair of shoes sold, TOMS donates a pair to a child in need, creating a positive social impact.
2. Tesla: By producing electric cars, Tesla reduces carbon emissions and has a positive environmental impact.
Statistics on Impact
– 84% of consumers seek out responsible products and services.
- 64% of CEOs believe that corporate social responsibility is core to their business.
- Companies with strong sustainability programs outperform their peers by 25%.
