"To do well in today’s world, companies must understand the value they create for their shareholders, for society, and for their business beyond financial returns." The Social and Human Capital Coalition.
This month we are inspired by the launch of the new Social and Human Capital Coalition by the World Business Council for Sustainable Development. At Social Value International it is a core belief to value social capital, and as a matter of urgency that it must be consistently measured as part of corporate, investor, government and organisational decision-making. The coalition was launched to help companies recognise the value of people and communities living well.
Something we fully endorse!
You can join the coalition and contribute to the public consultation. We dedicate this newsletter to our mission of social value as a means
to eradicate inequality. This newsletter is where you will find dedicated resources, community events, and training all about social value - so read on.
*Don't forget! Please don't miss this important note from us*
You'll know that GDPR (General Data Protection Regulation) was adopted by the European Commission on 27 April 2016 and is enforced from 25 May 2018. If you would like to keep receiving our newsletter (we hope you do) then please give us your consent to send you future newsletters by clicking through to the link below.
News from Social Value International
Q&A: Steven Smith from IQ Business, founding partners of Social Value Network South Africa
Last month we wrote that IQ Business is the first organisation to be awarded a Social Value International accredited training course (that is not an SROI training course). We talked with Steven Smith about the accreditation process and IQ Business's involvement
with SVI.
What inspired you to work with Social Value International to achieve this?
We identified the need for social impact measurement training in South Africa based on our client requirements. Much is changing in our country – far more rigid requirements to measure impact. We decided to develop the first version of the training programme and then when the opportunity arose to have it accredited, we enhanced it and took it to a new level We have had a long journey with Social Value International. Its been a mutually beneficial journey, one where we have worked as true partners. We have had the opportunity to get guidance and advice as and when needed and hopefully our input into the SVI organisation has been mutually beneficial for all. What are the details of the SVI accredited training course and who is it designed
for?
It’s an action driven learning programme because what we do is use real client case studies and over the two days we unpack the opportunities that the delegates are dealing with. In that way, we are able to ensure that those attending the training are already on the SROI impact measurement journey once they leave the training. We are able to use the extensive experience that we have had to build on the delegate experiences. We encourage cross delegate teams so that people learn from environments not their own. The course is designed for all sectors i.e. business, NGO and government. Again, its very useful having cross-sector teams working on the various case studies. The course is designed for practitioners i.e. people working in a context having to actually deliver impact measurement. The delegate needs are taken into account and we
encourage cross team follow up post the training so that the learning process continues. Further success is on the horizon for IQ Business, in May 2018. As you are one of the founding partners, you be will launching the new SVI affiliated Social Value Network South Africa. What do you hope to see happen as a result of this exciting new network?
We believe that a networking group where cross learning takes place is critical. The objective of the South African network is to drive towards the establishment of a standardised methodology against which as many organisations as possible adhere. Taking into account, for example, the principles. These are key and if not adhered to will lead to a lack of consistency. What are your first plans for SVNSA after it has officially launched?
We are looking forward to our conference. With the focus on Impact measurement and specifically elements like Impact Bonds the need for robust mechanisms for measurement is becoming all the more important. Which of the other organisations that you are working with would you like to join the new Social Value Network South Africa over the coming year?
It is our hope that the network becomes a combination of businesses, NGOs, Government as well as consulting businesses. We are so grateful for IQ Business's contribution and we look forward to the launch of SVNSA. Find out about all the training opportunities with IQ Business here.
SVI included in Planet of Finance's Investing for good e-bookPlanet Finance have produced an e-book to guide people on how to manage their wealth in a way that is socially responsible. This guide will help investors clarify what their core values are and how they can be reflected in your investing behaviour. We are delighted to have been included as one of the key players in the sustainable investment ecosystem.
*LAST CHANCE TO HAVE YOUR SAY* We are conducting our annual survey to learn about how the Social Value Principles are used in practice.
Social Value International members, with representation across all sectors, use the Social Value Principles in order to account for, measure and maximise the social value they create.
We want to understand how we can better support organisations to record their social value, interpret the results and make decisions that truly take into account their impact on society and the environment.
New funding opportunity in the USThe Rockefeller Foundation and the Chan Zuckerberg Initiative have launched the Communities Thrive Challenge. This is a $10-million funding opportunity open to organisations that are looking to fund, strengthen, and grow local solutions that expand economic opportunity for low-income and financially insecure people in the United States. Read more and apply here.
Don't miss SIMNA's blog
'Demystifying the Principles of Social Value: Principle 1'
This is particularly relevant because the Involve Stakeholders standard has been under consultation with SVI members with input from across the global membership, including SIMNA, with the final version of the standard set for release later this year.
Read the blog now.
Ben Carpenter to be Social Value UK's new CEOBen will be taking over from Jeremy Nicholls from 1 June 2018. Read more here.
Webinar: How to make the most of your Social Value International Membership
Join this free webinar led by Membership and Engagement Manager Catherine Manning to learn all about the benefits of your SVI membership.
When: 2 May 2018, 1.00pm GMT
REGISTER NOW
Social Value UK is part of an Erasmus+ project to create a tool for SMEs to better understand the potential value of apprenticeships and work-based learning.
Working with partners from 7 European nations the tool seeks to calculate the return on investment of such practices, with SVUK supporting the inclusion of social costs and benefits alongside the more traditional financial concerns. In April the project team met in Liverpool for 3 days of social value and Social Return on Investment training and the second project meeting. Not only did we go through Principles of Social Value and consider the implications for the tool to support SMEs, but we also proved that we do have beautifully sunny days in the UK! As well as the online tool, the
project aims to contribute to the sustainability of work-based learning, produce good-practice guidance, and develop an apprenticeship friendly small and medium sized enterprise (SME) badge. If you are an SME interested in the potential of apprenticeships and work-based learning have a look at the project website - it provides an overview of the project and will continue to be updated as the project develops.
- The SIMNA Awards are back! The 2018 SIMNA Awards present a unique opportunity to have your organisation's commitment to measuring lasting social change recognised by an expert panel of respected practitioners. There will be three categories of Award this year:
Excellence in Social Impact Measurement: for organisations that set best practice standards for social impact measurement.
Social Impact Measurement Change Maker: for individuals/groups that have overcome challenges and adopted innovative solutions to introduce social impact measurement into their or another organisation.
Outstanding Collaboration in Social Impact Measurement: for social impact measurement projects that work or share learnings across multiple organisations.
Applications will open in June. Keep an eye on SIMNA's website for new information. - Stone Soup Consulting, the a proactive and forward-thinking consultancy with a social heart is 10 years old.
Recommended global events
SROI Practitioner Training - BOOK YOUR PLACE HERE
Our most popular training course to demystify social value. - New Orleans, Louisiana, 14 &15 May - BOOK
- London, 22 & 23 May
- Manchester, 13 & 14 June
- London, 26 & 27 June
- Hong Kong, 7 & 8 June - BOOK
- Think Impact SROI Practitioner Training, Melbourne, 19 & 20 June - BOOK
- Wellington, 9 & 10 July -
BOOK
- London, 17 & 18 July
- Think Impact SROI Practitioner Training, Sydney, 28 & 29 August - BOOK
- London, 19 & 20 September
- Manchester, 4 & 5 October
- London, 20 & 21 November
- London, 12 & 13 December
Social value webinars- How to make the most of your Social Value International Membership, led by Catherine Manning. 2 May, 1.00pm - REGISTER
- Sustainability Standards Essentials Training Workshop - 30 April, San Francisco
- Impact Management Seminar: An Introduction to Impact Measurement & Management - 7 May, Oakland
- Impact Management Seminar: An Introduction to Impact Measurement & Management - 8 May, San Jose
- Impact Management Seminar: An Introduction to Impact Measurement & Management - 9 May, San Francisco
- SIMNA: What if? - Exploring the counterfactual in impact evaluation - 15 May, Perth
- ISEAL Alliance Sustainability Standards Essentials Training Workshop - 22 May, São Paulo
- ISEAL Alliance 2018 Global
Sustainability Standards Conference - 22-24 May, São Paulo
- edie Live - 22 May, Birmingham
- Net Impact Approaches conference - 22 May, London
- Think Impact Transforming Community Engagement: Facilitation & Conflict Resolution Skills 3-day Masterclass - 29–31 May, Melbourne
- Social Value Canada SROI Practitioner Training - 30-31 May, Calgary
- AVPN Conference
2018, theme is Maximising Value
- 4-7 June, Singapore - Impact Analyst Training: How to see impact through others' reporting - 13 June, Boston, MA
- i-propeller's Creating Value Together conference (save the date) - 3 & 4 July, Brussels
- Think Impact Impact-Led Design 1-day Masterclass – 9 July, Sydney
- Think Impact Impact-Led Design 1-day Masterclass - 2 August, Melbourne
- Impact Investment &
Blended Finance for Development Agencies & Foundations - 29-31 August, Zurich
- The 13th European Evaluation Society Biennial Conference: Evaluation for more resilient societies - 1 October 2018, Thessaloniki
- Social Entrepreneurship, Youth and Vocational Education Forum - Towards collaborative practice
2018 - 27-30 November, Liverpool
- EVPA Conference - 29 & 30 November, Warsaw
If you have any feedback, would like to suggest a theme or have something to contribute to a future newsletter, please don't hesitate to email Lucy.
|