A couple of days ago Social Value International put online a blog we wrote about 'How social accounting can drive your performance and increase accountability'. In this blog we set out why we think social value is just as important as economic value.
We believe that the social value an organisation creates is just as important as the financial value, and should therefore be treated accordingly. Why? We all agree that it’s normal that every business publishes their annual reports and is transparent about their financial performance. To do this properly requires processes, such as audits, accounting and reporting. If businesses perform financial accounting, why shouldn’t organisations aimed at creating social value perform social accounting?
Interested in reading the whole blog? You can do so on the website of Social Value International.
Social Value International is the global network focused on social impact and social value. They work with their members to embed core principles for social value measurement and analysis, to refine and share practice, and to build a powerful movement of like-minded people to influence policy.