What is Social Impact?
Social impact is taking significant or positive actions to address social injustice, challenges or imbalance. Businesses achieve social impact goals through conscious or deliberate principles and activities in their supply chain, operations or investments that create direct positive impacts in social and community value. Social impact focuses on workers, suppliers, consumers, communities and philanthropic beneficiaries.
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Duke University: https://careerhub.students.duke.edu/blog/2021/09/03/social-impact-definition-and-why-is-social-impact-important/#:~:text=In%20essence%2C%20the%20definition%20of,in%20their%20operations%20and%20administrations