31.01.2018 Views

Social Impact Investing

Social Impact Investing

Social Impact Investing

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Value the things that matter.<br />

Only include what is material.<br />

Do not over-claim.<br />

Be transparent.<br />

Verify the result.<br />

'Value the things that matter' includes the use of financial proxies and monetization of<br />

value and is unique to the SROI approach.<br />

Since 2008 <strong>Social</strong> E-valuator from<br />

The Netherlands have been<br />

working on solutions for impact measurement. In<br />

2013 <strong>Social</strong> E-valuator built a brand new<br />

online software platform for<br />

measuring impact and late 2014<br />

they have launched an<br />

inclusive impact<br />

measurement<br />

platform called Sinzer. This<br />

enables people to map<br />

impact, collect data in an<br />

efficient way and analyze<br />

the results. The online<br />

tool from Sinzer is<br />

created in such a way<br />

that<br />

organizations can make better<br />

decisions, improve impact<br />

and be accountable to<br />

stakeholders.<br />

More recently, <strong>Social</strong> Asset Measurements Inc., a Canadian software and consulting<br />

company, developed the <strong>Social</strong> Return Intelligence Suite, which is made up of two<br />

interlinked software products: The Ira <strong>Impact</strong> Reporting & Management Suite (IIRM) and<br />

the Sabita Indicator & Financial Proxy Database Service (SDS). Sabita was created with<br />

funding from the National Research Council of Canada and houses over 500 indicators<br />

and financial proxies, which are adjusted for inflation and graded according to the SAM<br />

Factor – a proprietary algorithm that provides a grading from 0-10 based on the quality<br />

of the sources used in creating the financial proxy. Ira allows non-SROI practitioners to<br />

report within the SROI framework, creating monetized and non-monetized impact<br />

reports, as well as outcome and output reports.<br />

In 2009–2010 proponents affiliated with the <strong>Social</strong> Value UK proposed to establish<br />

linkages between SROI analysis and IRIS, an initiative to create a common set of terms<br />

and definitions for describing the social and environmental performance of an<br />

organization. Discussions about how best to do this are ongoing.<br />

Page 35 of 140

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!