5 Things We Have Learnt About Measuring Social Impact

Over the past seventeen years we’ve assisted numerous social investors, philanthropists, grantmakers and development organisations to not only become more sustainable, but to also create greater social impact. In the process, we’ve collected many insights into social impact innovation, social investment and development.  In this article we aim to share some of our insights in the hope that it’ll contribute …

Understanding the concept and value of social innovation

The term social innovation has been used in a number of ways. Some of the earliest references, dating back to the 1960s, use it to refer to experimental research in the social sciences and humanities. Since then, the term has been used in reference to social enterprise and social entrepreneurship, technological innovations which yield social benefits, corporate social responsibility and …

Social capital – its value and how to measure it

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 …

The value and importance of socio-economic research and baseline studies in social investment and development practices

Definition: 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: The goal of a socio-economic study …

Social capital – measuring the unmeasurable

“Social capital” as a concept is relatively new, multifaceted and imprecise. “Hard data” on what it is and how it should be measured is therefore not readily available. Companies often only report on the money they invest in communities, but seldom know how much value – or social capital – they’ve created. Much of what is measured is reporting activity, as …

Social capital: What it is

Social capital can be differentiated but also share some similarities: For more information: The following presentation is available for download: Understanding social capital