The model aims at estimating the direct, indirect and induced impact of an economic activity on employment, revenus and tax income at local, national or global level.
The approach is applied to existing activities (e.g. a factory), projects (e.g. the investment in a new factory), financing activities (e.g. the loan book of a bank) and products.
Since its launch in 2012, Beyond Financials model has been applied to real estate activities, hotels, industrial activities and banks. The approach enable investors and banks to assess the economic consequences of the energy transition on a sector or local community, notably the impact on employment.
The methodology combines the use of national statistics (input-output databases) with a bottom-up approach (questionnaire and accounting data collection) in order to develop industry specific 'local economic impact factors' (e.g. number of jobs per unit of economic activity such as square meters by type of store in a mall).
The digital tool is customised for each user and region.