Many organisations today are aiming to create change in the lives of people. Corporations wish to do good with their CSR strategies, institutional investors are applying new investments techniques to create an impact to society and high net worth individuals are giving away increasing amounts of their money to change the world. But how can you be sure you are really making a difference? The urge to find an answer to this question has never been greater.
Topics: Impact measurement
Social Return on Investment (SROI) and Social Impact Bonds (SIBs) are two ideas that are increasingly mentioned in the same breath.Emma Tomkinson talks about the differences and the similarities between the two.
Over the last year or so there has been big increase in interest in measuring social impact. Must be a good thing? But with the last few reports released Jeremy Nicholls has begun to wonder who all this measurement is for.
The impact concept has moved from the discussion of benefits, returns and value creation, to 'How much impact?' and 'What is your impact?'. We now have 'impact investors and 'imspiring impact' and lovely new words like 'impactful'. Jeremy Nicholls from The SROI Network feels uneasy.
Hang up your cowboy hat - the social impact goldrush will soon be over, hopes SROI sheriff Jeremy Nicholls.
More than 1 billion more people are now earning more than $1,- a day. Some call it progress, others, the myth of the meritocracy. In his latest blog, Jeremy Nicholls tackles the social contract.