Shifts in climate and technology, rising inequality and value chain transparency have brought the topics of social and economic justice and wellbeing to the forefront of the business responsibility debate.
Companies and their stakeholders increasingly want to understand how business is contributing to local economies, creating good quality jobs and reducing resource use, which is why on the 26th of July 2022, our in-house specialists Mitun Majumdar and Hannah Harper discussed the following questions:
- What are socio-economic impacts? Why are they important?
- Should you be considering socio-economic measurement? How will it help strengthen your business?
- What do socio-economic indicators look like? What measurement tools are best?
A special thanks to our guest speaker Olive Kawelama, Social Economic and Environment impact assessment Project Manager for Illovo Sugar Africa for sharing their experience with the measurement, benefits, and challenges of socio-economic impact.
Olive Kawelama is the Social Economic and Environment impact assessment Project Manager for Illovo Sugar Africa, which is Africa’s leading and diversified sugar Group, a Pan-African, consumer-centric agri-business with roots in growing and making sugar and related products, sustainably. The company has operations in Eswatini, Malawi, Mozambique, South Africa, Tanzania and Zambia. Olive has 14 years’ experience in various industry’s including Broadcasting, Banking , Telecommunications and Manufacturing where she has held managerial roles both in Marketing and Corporate Affairs functions.