Social Impact Measurement (SIM)

Enabling the standardization of measuring the social impact of investments and grants

About

From the Organization for Economic Cooperation and Development (OECD) report on Social Impact Investment January 2019;  “Social impact investment is the provision of finance to organizations addressing social needs with the explicit expectation of a measurable social, as well as financial, return. Social impact investment seeks to leverage innovation and apply measurement rigor to achieve social outcomes. 

This approach has become increasingly relevant in today’s economic setting as social challenges have mounted while public funds in many countries are under pressure. Governments are seeking more effective ways to address these growing challenges and recognizing that private sector models can provide new innovative approaches. Private sector investors, such as foundations, high net worth individuals and institutional investors are increasingly interested in making investments that can have both a social and a financial impact.”

There are 150 social impact platforms uncovered by the Bertelsmann Foundation 2018 report, each having a different measurement framework.

The UN Sustainable Development Goals (SDGs) cannot be achieved by 2030, unless there are improved technical mechanisms for collaboration and coordination, including teamwork, learning and sharing, intelligence gathering and accelerating knowledge and scientific breakthroughs.

The goals of this activity are:

  • Develop roadmaps for creating technical solutions that bridge measurement and management, interoperating with the 150 social impact platforms.
  • Enable affordable and safe access to developed solutions for stakeholders including, people at the grassroots community level, in schools and colleges, grantors, investors, United Nations, the World Bank and the International Monetary Fund.
  • Work closely with existing social impact initiatives that are working on interoperability, including the Impact Management Project.

 

Expected Outcomes

SIM will provide an open, neutral environment for interested parties to collaborate and deliver the following outcomes:

  1. Repository of impact formulae, logic models, and processes for assessing and calculating social impact. A namespace for the formulae and processes will be developed so that each may be discovered and uniquely referenced.
  2. Repository of links to source data such as geographical income, demographic data and other projections.
  3. Repository of data usage principles that are culturally appropriate and context sensitive.

 

Get Involved

We invite stakeholders to share their expertise in this Activity and welcome all individuals and representatives of organizations, such as:

  • Grantors and investors
  • Social investing platform operators
  • Governments
  • Technology corporations
  • Foundations and non-governmental organizations (NGOs)
  • International agencies, e.g., ITU-Development Bureau, World Bank
  • Relevant academic research and educational institutions
  • Financial Institutions

 

How to Participate

To join SIM, please express your interest by sending an inquiry to any of the following:

Resources