tools to measure social impact

A project by Mastercard in India promoted digital transactions. That allowed Mastercard to track women owned businesses but it got complicated when trying to track the success rates of women owned businesses. To find better metrics analysts relied 3 phases: (1) on assessing pay equity, diversity within leadership ranks, talent development and career progression for underrepresented groups, labor standards; (2) how companies leverage their core competencies, deploy their products and services and work within their supply chains to help address societal challenge; and (3) how companies  philanthropic giving, volunteering, and other community investments.

Forbes | To measure social impact, we could start by using the tools we already have