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Measuring social impact

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Measuring social impact

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Measuring social impact

  1. 1. MEASURING SOCIAL IMPACT SAJAD NAZARI
  2. 2. LEARNING OBJECTIVES  To gain an understanding of the value of measuring an entity’s CSR activities’ social impact.  To understand the multiple benefit of learning how to measure social impact.  To examine the steps involved in measuring, quantifying and monetizing the impact for CSR activity’s stakeholders (investors, management team, employees, etc.)
  3. 3. INTRODUCTION  For all organizations, the question of the management of the organization depends upon the ability to measure performance and evaluate and then report on that performance. When we are considering CRS, this is equally true, although it becomes more difficult to evaluate and report on CSR performance.
  4. 4. WHAT IS PERFORMANCE? SOCIAL ACCOUNTING? PERFORMANCE SOCIAL ACCOUNTING  It should be clear that the determination of performance is dependent upon the perspective from which that performance is being considered.  A good performance for one group of stakeholder might be considered by another group as bad performance.  Social accounting can be considered as an approach to reporting a company’s performance which stresses the identification/ reporting of socially responsible behaviors, the determination of those to whom the company is accountable for its social performance and the development of appropriate measures and techniques.
  5. 5. DIFFICULTY IN MEASURING SOCIAL PERFORMANCE 1) The general lack of maturity in social program evaluation.
  6. 6. DIFFICULTY IN MEASURING SOCIAL PERFORMANCE 2) The variety of purposes that organizations have for conducting these analyses.
  7. 7. THE BENEFITS OF LEARNING HOW TO MEASURE SOCIAL IMPACT 1) Clear picture measuring the organization’s work. 2) Organization’s impact to the society.
  8. 8. THE BENEFITS OF LEARNING HOW TO MEASURE SOCIAL IMPACT 3) Identifying the organization’s stand in the industry of social impacting projects.
  9. 9. STEPS TO MEASURING SOCIAL IMPACT 1. Define your Social Value Proposition (SVP) 2. Quantify your Social Value 3. Monetize Your Social Value
  10. 10. THE ENVIRONMENTAL AUDIT An environmental audit is merely the investigation and recording of activities that the organization undertakes in order to develop an understanding on the impact of these activities.
  11. 11. APPROACHES TO ESTIMATING SOCIAL IMPACT
  12. 12. 1. COST-EFFECTIVENESS ANALYSIS
  13. 13. Cost-Effectiveness Analysis 2. COST-BENEFIT ANALYSIS
  14. 14. 3. REDF’S SOCIAL RETURN ON INVESTMENT (SROI)
  15. 15. 4. THE ROBIN HOOD FOUNDATION’S BENEFIT-COST RATIO
  16. 16. 5. THE ACUMEN FUND’S BEST AVAILABLE CHARITABLE OPTION RATIO
  17. 17. 6. THE WILLIAM AND FLORA HEWLETT FOUNDATION’S EXPECTED RETURN (ER)
  18. 18. 7. THE CENTER FOR HIGH IMPACT PHILANTHROPY’S (CHIP) COST PER IMPACT
  19. 19. 8. THE FOUNDATION INVESTMENT BUBBLE CHART
  20. 20. 9. TOOLS AND RESOURCES FOR ASSESSING SOCIAL IMPACT (TRASI) FOUNDATION INVESTMENT
  21. 21. Thank You!

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