Economic and Social Impact Assessment (ESIA) is a comprehensive, data-driven methodology used to evaluate the economic and social contributions of a business, project, event, or industry sector. ESIA helps organizations and stakeholders measure and communicate their broader impact by quantifying:

• Economic Value: Including GDP contribution, employment generation, income creation, and business growth.
• Social Outcomes: Such as community development, social inclusion, health and well-being, and educational advancement.

By leveraging ESIA, companies can demonstrate their value beyond financial performance, aligning with sustainability goals, ESG (Environmental, Social, and Governance) metrics, and stakeholder expectations.

Implementing Economic and Social Impact Assessment (ESIA) empowers organizations to:

• Showcase measurable value to stakeholders by highlighting contributions to economic growth, job creation, and social development.
• Strengthen policy advocacy and funding proposals with credible, data-backed insights into economic and social impact.
• Enhance corporate reputation and social license to operate by demonstrating responsible and sustainable business practices.
• Align with ESG (Environmental, Social, and Governance) and sustainability goals, supporting long-term value creation and stakeholder trust.

By leveraging ESIA, businesses can effectively communicate their broader impact, meet regulatory and investor expectations, and drive strategic decision-making.

While Environmental Impact Assessment (EIA) focuses solely on evaluating the ecological and environmental effects of a project or business activity, Economic and Social Impact Assessment (ESIA), as offered by Dun & Bradstreet (D&B) provides a broader perspective by analyzing the economic and social impact. ESIA measures contributions to GDP, employment, income generation, community development, and social well-being, helping organizations demonstrate their value beyond environmental considerations.

Dun & Bradstreet’s ESIA is a powerful tool designed to help a wide range of stakeholder’s measure and communicate their economic and social contributions. It is especially relevant for:

• Corporates and Public Sector Undertakings (PSUs) seeking to demonstrate their impact and align with ESG goals.
• Industry associations and chambers of commerce aiming to showcase sector-wide contributions to the economy and society.
• Organizers of festivals, exhibitions, and large-scale events looking to quantify their social and economic footprint.
• Government bodies and policymakers evaluating the broader impact of sectors, initiatives, or public programs.
• Projects and initiatives pursuing funding, regulatory approvals, or public engagement by presenting credible impact data.

By leveraging ESIA, these organizations can enhance transparency, build stakeholder trust, and support strategic decision-making with data-driven insights.

Dun & Bradstreet’s Economic and Social Impact Assessment (ESIA) evaluates essential economic indicators that help organizations measure and communicate their contribution to the economy. These indicators include:

• Gross Value Added (GVA): A core metric that reflects the net economic output generated by a business, project, or sector.
• Employment Generation and Income Levels: Tracks job creation, workforce participation, and income distribution across regions and demographics.
• Tax and Fiscal Contributions: Measures direct and indirect financial contributions to government revenues, including corporate taxes and duties.
• Supply Chain and Vendor Ecosystem Impact: Assesses the economic ripple effects on suppliers, MSMEs, and local business networks.
• Innovation and Productivity Spillovers: Evaluates how business activities drive innovation, technology adoption, and productivity improvements across industries.

These indicators provide a robust foundation for organizations to align with ESG goals, support policy advocacy, and demonstrate sustainable economic impact to stakeholders.

Dun & Bradstreet’s Economic and Social Impact Assessment (ESIA) evaluates critical social impact indicators to help organizations understand and communicate their contributions to society. These include:

• Community Engagement and Development: Measuring initiatives that support local communities, infrastructure, and social welfare.
• Skill-Building and Education Programs: Assessing efforts to enhance workforce capabilities, vocational training, and educational outreach.
• Gender Equality and Diversity Inclusion: Evaluating policies and practices that promote inclusive growth and equal opportunities.
• Cultural and Heritage Contributions: Highlighting support for arts, culture, and preservation of local traditions.
• Stakeholder Perception and Trust: Gauging public sentiment, brand reputation, and stakeholder confidence in organizational practices.

By analyzing these social dimensions, ESIA helps businesses align with ESG frameworks, strengthen community relationships, and demonstrate their role in driving sustainable and inclusive development.

Not necessarily. Economic and Social Impact Assessment (ESIA) requirements can vary significantly across different geographies, industries, and regulatory environments. Recognizing this diversity, Dun & Bradstreet’s ESIA approach is designed to align with global best practices and internationally recognized frameworks, while being customized to the Indian context.

This tailored methodology ensures that ESIA remains relevant and actionable for domestic stakeholders, including corporates, government bodies, and industry associations, while maintaining global credibility for international partners and investors.