Global Impact Measures
The last economic downturn taught the world a number of things, one of which is that "good growth" is no long indicated solely by an increase in financial health.
Today it is important to understand the impact a business is having across a number of social and economic factors. Measuring total global impact is a new way of management business decisions and we explore the benefits of measuring the impact across all our brands.
Tax Impact
To truly understand our Global Impact we must look at ourselves under a harsh light, all businesses by nature need to reduce their tax liabilities, however it is unfair of a business to reduce its liabilities to such an extend that the burden placed on the socially immobile is unbalanced. We have a duty of care as entrepreneurs and business leaders to ensure that all our brands are, while tax efficient, paying the correct and fair levels of taxes in all countries we do business in.
Environmental Impact
It is astounding to think that a large proportion of businesses place a higher value on reducing their tax liabilities than they do reducing their environmental impact. If we are to create a true legacy for generations to come it is of paramount importance that we ensure that said legacy is not at the expense of the environment or wildlife of the world.
Economic Impact
As well as looking at how we create impact across both the tax and environmental issues where ever we do business it is important to see the economic impact of the choices and decisions we make. Are we importing products that could be sourced locally? Could we invest more in local economies how can we help emerging markets grow with us?
Social Impact
How we do business has direct consequences across a diverse social spectrum. We need to understand if there are ways we can have a great impact for the socially immobile and how we can create communities around our projects and ventures.