26. With rigor and comparability, social impact data will become a currency.
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Editor's Notes
So… what’s going on out there? SROI | In 2001, REDF developed a Social Return on Investment (SROI) framework to measure social impact of its workforce development nonprofit portfolio. This spawned the development of several approaches in a diverse array of business, nonprofit, social enterprise and gov’t contexts, esp. in Europe. Social Performance Mgt (SPM) | After years of developing a mgmt framework, a Network has formed to connect individuals and orgs committed to managing and achieving social performance in microfinance. WBCSD and IFC’s Measuring Impact Framework and Methodology | WBCSD, in collaboration with IFC, developed a framework that helps companies understand their contribution towards development, thus enabling them to inform their operations. IRIS (Impact Reporting and Investment Standards) | Perhaps the first initiative in the past 10 years with significant momentum to create a common framework for defining, tracking and reporting the performance of impact capital.
This doesn’t exist yet-- you guys are the first to see the version 2.0 Infinite customizability Facilitated through internet and practitioner networks
High degree of customizability [not infinite as thay would imply that there is zero comparability or replicability] Facilitated through internet and practitioner networks
High degree of customizability [not infinite as thay would imply that there is zero comparability or replicability] Facilitated through internet and practitioner networks
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