Asian Impact Management Review is an affiliate of Asian Institute for Impact Measurement and Management
Glossary
Impact Risk
Definition
- The likelihood that impact will be different than expected, and that the difference will be material from the perspective of the Stakeholders who experience the impact. For example, impact may be lower than expected or even negative, or lower than required to contribute to the SDGs in the timescale required. To assess impact risks, enterprises and investors need to consider the likelihood and the consequences of not contributing to sustainable development and the SDGs, contributing at a rate that is sub-optimal or lower than required to achieve sustainable development and the SDGs by 2030, or of making unintended negative impacts.
- The likelihood that the results of the decision do not reflect the preferences of people affected. Risk should be used as a guide to determine an appropriate level of completeness and accuracy of data for decisions.
Source
- Impact Management Project. (2019, December 23). Risk. Retrieved September 26, 2022, from https://impactmanagementproject.com/impact-management/impact-management-norms/risk/
- Glossary 2.0 – Social Value International. (2023). Social Value International. https://www.socialvalueint.org/glossary-20
