PwC | Global

Total Impact Measurement & Management

Are you creating value for your stakeholders? Will your business strategy have a positive or negative impact on society, the environment and the economy?

There’s a mounting need for business growth that’s inclusive, responsible and lasting. This requires a measure of business success that goes beyond financials.

Our Total Impact Measurement and Management (TIMM) framework provides a new language for decision making. Instead of relying on shareholder return alone, it incorporates and values a number of non-financial impacts. It’s a holistic view of what businesses need to understand risk, identify opportunities and maintain a positive impact on society.

We’re helping companies to recognise their overall contribution, to understand the balance between the positive and negative impacts generated across their infrastructure and supply chains. By valuing social, environmental, and economic impacts, business leaders are now able to compare the total impacts of their strategies and investment choices.

Malcolm Preston, Global Sustainability leader, shows how TIMM can present the trade-offs and support Board decision making.

Four TIMM quadrants

Social impact

Measures and values the consequences of business activities on society such as health, education and community cohesion.

Environmental impact

Puts a value on the impact business has an on natural capital eg. emissions to air, land and water, and the use of natural resources.

Tax impact

Values a business' contribution to the public finances, including taxes on profits, people, production and property, as well as environmental taxes.

Economic impact

Measures the effect of business activity on the economy in a given area, by measuring changes in economic growth (output or value added) and associated changes in employment.

TIMM framework scenarios

PwC’s Total Impact Measurement & Management (TIMM) framework puts a value (positive or negative) on impacts across society, tax, economics and the environment. It gives business the ability to compare strategies and investment choices, evaluating the total impact of each. Explore the different scenarios to understand how this could work in practice. Which trade-offs would you make?

Food & beverage scenario

Should barley be imported or should an alternative, locally grown crop be grown for the brewery?

Hospitality & leisure scenario

Build an ‘impact aware eco-friendly’ hotel or stick with the traditional hotel business model?

Mining scenario

Should the company widen and repair the existing access road, or build a new road entirely?

Public sector scenario

How can a Local Enterprise Partnership’s prosperity benefit the local economy and society?

Water scenario

How can a wastewater treatment company reduce its impact on the marine environment?

Measure and value your global impacts

PwC’s Impact Explorer

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Contact us

Tom Beagent

Director, Impact Strategy and Analytics

Tel: +44 7973 565380

Will Evison

Director

Tel: +44 (0)7718 864854