Recently Sinzer announced the formal Data Partnership with the Global Value Exchange (GVE). We are presenting a series of blogs with more detailed information about which data sources GVE uses to extract outcomes, indicators and valuations from. This week we highlight indicators from the International Finance Corporation (IFC) Sustainability Framework, which – through our new data partnership – can now be accessed from the Sinzer platform as well.
Ondernemende oplossingen voor maatschappelijke problemen kunnen een enorme impuls krijgen wanneer (lokale) overheden bij deze ondernemingen diensten of producten inkopen. Dit vraagt om inkoop op een slimme manier vorm te geven en daarbij niet alleen kijken naar de laagste aanschafprijs. Helaas is in de praktijk dat laatste vaak nog doorslaggevend, zelfs wanneer het criterium Economische Meest Voordelige Inschrijving (EMVI) wordt toegepast (waarbij kwaliteit en prijs met elkaar in verband worden gebracht). Om naast aanschafprijs ook maatschappelijke impact mee te laten wegen bij het maken van inkoopbeslissingen, is een nieuwe uitdaging waar o.a. Nederlandse gemeenten nu voor staan. Steun bij het invullen van deze uitdaging kan echter worden gevonden in de nieuwe Europese aanbestedingsrichtlijn die vanaf april 2016 ook in Nederland van kracht wordt. Deze richtlijn biedt meer ruimte voor het behalen van sociale en duurzame doelstellingen.
The Global Value Exchange (GVE) is an open source database of outcomes, indicators and valuations that has been established by Social Value International as the premier database for social value and social impact analysis. Sinzer has a formal data partnership with the GVE since December 2014. This month we are updating our database with new outcomes, indicators and valuation that have been uploaded from different sources into the Global Value Exchange. This data is now made available at the Sinzer platform where you can use it to manage and maximize social impact.
That was the central question of last weeks Round Table we co-organized with Deloitte. Together with 25 professionals from different sectors – impact investors, philanthropists, social enterprises and NGO’s- we shared experiences on the topic of impact measurement and how to account for it.
The connection between business and society is a popular topic. The social and environmental issues we face on a global level are becoming so significant that there are plenty of business opportunities in contributing to solving them. This is not only interesting from a risk and reputation management perspective. Sustainability can be a platform for profitable growth while solving wicked social issues.
The first national Social Impact Bond conference in the Netherlands, organized by START Foundation, is a fact. It was even the first national conference on Social Impact Bonds (SIBs) globally, since SIBs are still a relatively new phenomenal. Worldwide there are nearly 50 SIBs up and running of which 3 are launched in the Netherlands. Clearly, some people think this will become much bigger than it currently is.
A business creates value through a combination of strategy, governance, performance and prospects in an external environment. A framework that enables a businesses to bring these elements together – and to communicate the value creation story through the ‘connectivity of information’ - is called Integrated Thinking & Reporting, in short <IR>. At the heart of <IR> is an integrated model, which demonstrates how six capitals – financial, manufactured, human, social and relationship, intellectual and natural – represent all the resources organizations utilize to create value (over time).
Economische bedrijvigheid is de motor van de economie. En als die motor samen gaat met het oplossen van maatschappelijke vraagstukken – zoals bij sociale ondernemingen het geval is – dan is de (lokale) overheid een logische partij om mee samen te werken. Hoe kan zo'n samenwerking er dan concreet uit zien?
In the philanthropic sector, measuring social impact is still perceived as a challenge. The number of projects a social investors funds, combined with their diversity often result in large time and resource investments for both the investor and the investee (or grantee). Many social investors therefore feel they do not have the means to measure more than a few outputs, like the number of participants or workshops, or the total amount of volunteer work. Although this is a good starting point, it only scratches the surface of what the project or program has established, and tells you nothing about the true impact (and value) it has created. Has the target audience really been reached? Have their circumstances been changed? Only by giving a voice to the beneficiaries will you be able to decide if the right investment choices have been made.
Currently there are $7 trillion in assets held by the wealthiest 1,000 people in the world. An increasing number of “High Net Worth Individuals” (HNWI) are giving a way (parts) of their fortune to philanthropy. This trend was boosted by The Giving Pledge, an initiative from Bill Gates and Warren Buffet in which 137 HNWI have already commited to give more than half of their wealth to philanthropy or charitable causes during their lifetime or in their will. A good example is the Saudi Arabian billionaire Prince Alwaleed bin Talal, who has recently announced to give away his entire $32 billion fortune to philanthropy!