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Towards common principles of Social Impact analysis

Big Society Capital Outcomes Matrix

www.globalvaluexchange.org

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SASB

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And shared explanations

IRIS – SROIGIIRS – SROIIRIS - GIIRS

Sources of Confusion

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Sources of Confusion

There are lots of ways of measuring social impact

Sources of Confusion

There are lots of ways of measuring social impact

There are many impacts which may need different tools to measure them

But

There are NOT many ways of deciding which outcomes to measure

Sources of Confusion

Level of accuracy required depends on the audience

Sources of ConfusionWhat are we trying to do with all this measurement?

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What questions do you think we need to answer to know

How much of a difference we have made?

Have we made as much of a difference as we can

with the resources available?

Results for what

These questions would be the principles

What do we need to know? 1. What are the outcomes/issues?

2. How can we measure the outcome?

3. Which outcomes are important enough for us to manage (be accountable for)?

4. To what extent were the outcomes/issues caused by our activities?

5. Do we need to choose between different activities creating different outcomes?

6. Who answered these questions?

7. How accurate do we need to be?

8. Are the results credible so that we can use them?

Most consistent principle but……Stakeholders….

stakeholder involvement

Is not the same as

stakeholder consultation or engagement

Main groupingsThose approaches that recognise many outcomes and so need an approach to deciding which to manage materiality

Those that recognise that without benchmarking or counterfactual we don’t know how much difference we have made

Those that put different things on a single yardstick to help decision making

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Advantages of standardising principles? – Why? Why not?

How would we get more standardisation of principles?