‘Impact’ is the word of the moment in philanthropy, charity and even impact investing. Donors want to have an impact with their giving, charities want to know if their work is making a difference, and investors want their investments to have an impact.While everyone wants to be impactful, what’s missing is an agreement or understanding of what that means. Defining …
We know that high quality development data is the foundation for meaningful policymaking, efficient resource allocation, and effective public service delivery.Consider if you will – how, the Covid-19 pandemic that is now nearing a 18-month cycle – impacts all aspects of our lives and work. But it has also become clearer how important data, statistics and scientific evidence have become. …
Over the past 12 months we purposefully set out to study social impact reports. Because of our work in impact management and measurement, we needed to find the best way to tell the story of what impact was achieved. In our quest to determine best practice, we found that currently most impact reports only share anecdotal stories. And whilst this …
This year, Next Generation’s annual research report is seeing the light quite late in the year.
With good reason. The new year always brings new hope, and trend forecasters are quick to
join the cause to predict positive future scenarios. However, our research indicated that the social investment and development sector remains in turmoil.
Communicating impact is growing in importance as more and more stakeholders in the development sector begin to see the value in sharing their journeys and success stories. In a previous article we touched on the importance of transparency, especially as societies try to forge a new social compact that serves all members of society. One way to achieve this transparency …
Oftentimes social investors, grant-makers and donors are put off by the cost of an impact assessment. But the cost of an impact assessment is directly related to the size of the investment, number of investments made, programs funded, location and the scale & size of these interventions. In addition, it’s influenced by how much information is available (i.e. strategies, monitoring …
Whilst many donors, grant-makers, social purpose organisations and social investors are keen to report on their investments and impact, it’s not that easy to develop a good impact report. Reporting your impact can help you to: Review your impact against your vision and goals Create a learning organisation where people focus on results and adapt and improve services Motivate staff, …
Lets talk about social return on investmentGrantmakers, donors and philanthropists want nothing else, but to make an impact with their investments. So do companies, foundations and trusts. And – if you are a more commercially inclined social investor – there is still massive return on investment to be made from doing good. However, social return on investment it is a …
The newly revisited concept of social capital is now prominent in several fields of social science. For Next Generation Consultants, the concept became important with the introduction of the integrated reporting framework that requires companies and organisations to report on how their activities either contribute to or diminish capital formation. The International Integrated Reporting Council’s guidance suggests that a company’s …
Definition:Â Socio-economics is the study of the relationship between economic activity and social life. In many cases, however, socio-economists focus on the social impact of a specific kind of economic change. Such changes might include displacement of people due to a closing factory, village-to-city migration, market manipulation and even the signing of trade treaties, etc. Value:Â The goal of a socio-economic study …