After the successful launch of Sinzer two years ago, we felt it was time to celebrate our successes as well as share some of our clients’ best practices. We therefore organised our event “Let’s Go Social” which took place the 15th of September. Around 120 people from a wide range of organisations attended the event to celebrate Sinzer’s 2nd anniversary with us.
Sinzer recently announced a formal Data Partnership with the Global Value Exchange (GVE), a crowd sourced database of Values, Outcomes, Indicators and Stakeholders. We are presenting a series of blogs with more detailed information about the data sources GVE uses to extract outcomes, indicators and valuations. This week we highlight indicators from Global Reporting Initiative (GRI), from which 113 indicators have been extracted and added to the GVE database. As a result from our data partnership with the GVE, these indicators can now also be accessed on the Sinzer platform and added to your impact assessments.
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.
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?