Social impact measurement aims to assess the social value and impact produced by the activities or operations of any for-profit or non-profit organisation.
Intermediary Org: EU Funded
- Social enterprises may be requested to measure their social impact, especially during the process of raising funds. To do so, they require resources and guidance.
- While private service providers – including social enterprises – need to better identify their social impact in order to attract private investors, social impact measurement should not be primarily driven by their needs. Rather, it should be an ongo- ing process of dialogue among the different stakeholders involved in the measuring process and interested in its results.
- Social impact measurement is not currently widespread, even though it is gaining traction. One reason is that social enterprises have limited human and financial resources to conduct and use this mechanism.
- Encouraging experimentation and further analysing developments in social impact measurement and social enterprises might contribute to fostering a social impact measurement culture among stakeholders.
- Proportional measurement is an important concept. Only measure if it contributes to decision-making and if the cost of measurement does not outweigh the importance of the decision.