Weight: your cumulative social impact
In collaborations between Companies, Regional organizations and Startups, each entity will contribute with their own social development goals. In order to understand the trend of each project’s social impact, we will record the entire process using Digital Identity. This will become a unique “Digital footprint”.
The cumulation of each social impact will be converted to “Weight”. This is helpful for observing and evaluating SDG projects.
People will be able to analyze the progress of their social impact projects.
Businesses will be able to realize whether their investment in CSR is in line with their core values. They may also need to focus more on specific areas to meet stakeholders’ expectations.
Regional organizations will be able to adjust the development of their future strategy and evaluate which parts need to be improved.
How to determine “Weight”?
There will be two methods used for input. These are as follows:
1. Own weight
Own weight will be a conversion based on your effort or production procedure.
For example, your industry focuses on SDGs 13 (CLIMATE ACTION). Then you will undertake many activities which will be Carbon Negative,Carbon Neutral and Climate Neutral. Every time you devote your efforts to these activities, you will earn a weight score of “1”. For long-term development, your cumulative social impact will be impressive. Quantified data is also helpful to understand and to evaluate when you have neglected something important.
2. Verified weight from supporters
Verified weight will be allocated to you from people who have expressed their support through participating activities or purchase and consumption of your products.
These people will become your “Digitally connected population”.
Therefore, when you have Own weight in addition to Verified weight from your supporters, your social impact rating will be strong and trustworthy.
We can make more progress together. Our results will not just be an individual achievement. The final results will be the consequence of team collaboration with different Businesses.
