Guidelines for Applying for Social Impact Assessment and Valuation in Thailand

Abstract

This paper aims to study guidelines for applying for social impact assessment and valuation in Thailand. In addition, this study also aims at analyze the linkage between the SIA application, the achievement of SDGs, and the promotional guidelines at both the policy and implementation level and appropriate to the Thai context. Then, the qualitative research methodology collected information from the existing documentary and semi-structured interviews with groups of key informants via purposive sampling, consisting of Group 1: SIA applicators, selected from organizations that have relevant experience in applying SIA, 8 people and Group 2: SIA experts or promoters, selected from experts with relevant experience in SIA development, 4 people and using descriptive analytics.

The results of the stude found that the SIA application in Thailand has been reinforced by the integration of collaboration among various sectors. It was found out that the level of understanding and implementation was both higher and broader than expected, and aimed toward sustainable development. The model for application of social impact assessment and valuation in Thailand is in line with the "LIST Model", containing 4 dimensions, and 20 constituents. Significantly, the application model is purposefully characterized by a continuous development process to promote the SDGs. A blending of the potential, diversity and integration of cooperation has been formed to create shared values covering financial, social, and environmental dimensions. Moreover, a tight link between accountability and cooperation has been made by mutual social values and specifying key indicators, jointly with relevant sectors.