Social Impact

Social Impact refers to the significant effect or influence that an action, project, policy, or program has on the well-being of individuals, communities, or societies. This impact can manifest in various forms, including economic, environmental, cultural, and societal changes. Social impact is often assessed in terms of positive outcomes, such as improved quality of life, social equity, and community development, as well as negative consequences, like displacement or inequality. Organizations, especially in the non-profit and social enterprise sectors, often aim to create measurable social impact through their initiatives, focusing on sustainable and long-term benefits for the populations they serve. Evaluation of social impact involves metrics and indicators that assess changes in social conditions as a result of specific actions or interventions.