Economic and R&D Footprint

The Economic and R&D footprint provides evidence-based data on the economic impact of a company or industry along the value chain.

Research Sustainability Economic and R&D Footprint

What is the Economic and R&D Footprint?

The Economic and R&D Footprint is an in-depth analysis of an organization or industry’s impact as a result of economic activities and innovation. WifOR Institute’s holistic approach analyzes not only the direct contributions arising from within an organization’s own operations, but also the indirect and induced effects generated along the global supply chain. The results can be used to communicate economic impact (internally and externally), manage hotspots in the supply chain, and maximize value creation.

How is the Economic and R&D Footprint measured?

The Economic and R&D Footprint adopts an extensive range of indicators to paint a more comprehensive picture of an organization or industry’s economic and innovative impact. These indicators include:

GDP contribution (direct, indirect, and induced)
Employment (direct, indirect, and induced)
Local job multiplier
Labor productivity
R&D intensity
R&D value creation

Download an example study here

Measuring the Economic Footprint of the
Biotech Industry in Europe – EuropaBio

Download

What does the Economic and R&D Footprint offer organizations and industries?

The analysis provides:

Measuring contributions in upstream and own operations, thereby enabling comprehensive management of economic and R&D strategy
Translating figures into macroeconomic insights by quantifying economic and innovative impact at a regional, national, and international level
Improving (internal and external) communication on the economic contribution to political targets by providing stakeholder specific messages concerning value creation, innovation, and R&D
Enhancing internal decision-making by delivering answers to questions such as:
- Which (operational) areas and which countries have the largest economic impact?
- Where are the hotspots of opportunity and risk within the global supply chain?

Economic and R&D Footprint: Political Context

By adopting a macroeconomic perspective and incorporating the United Nations’ Sustainable Development Goals, the Economic and R&D Footprint enables organizations to translate their impact into the political context. The United Nations has set 17 Sustainable Development Goals (SDGs) on its 2030 Agenda. The SDGs were adopted by all UN Member Nations in 2015 and are a call for global cooperation to promote peace, prosperity, and planetary well-being.

WifOR’s sustainability research supports organizations and industries in measuring progress and achieving targets set by the Sustainable Development Goals. The Economic and R&D Footprint positively contributes to the following SDGs: