Jeremy Nicholls is the chief executive of Social Value UK and Social Value International, which are membership organisations for individuals, organisations and companies supporting principles and standards in accounting for social and environmental value.
He is also a director of the FRC Group (a social business based in Liverpool), a non-executive director of Social Investment Business and a member of the IRIS advisory committee and the Social Stock Exchange admissions panel. He has lectured at several universities including the Saïd Business School at Oxford University, Hult International Business School and the University of Western Australia.
He originally qualified as a chartered accountant, including time as the finance director for Tanzania Railways. In 2004, he set up Urban Strategy associates, an economic development consultancy followed by the BETA Model, an online database of trends in UK business stock and then, with FRC, the Cat’s Pyjamas which ran events to promote the value of social enterprise.
He has written There is no Business like Social Business with Liam Black, and worked with others to write a number of SROI guides including, the Guide to SROI and he regularly blogs on social value.
Are claims made in social impact measurement reports accurate? Someone should check, says Jeremy Nicholls. After all, investors receive independently audited financial reports. Why shouldn’t beneficiaries receive the same?
Jeremy Nicholls argues that the world needs to change the way that it accounts for value. This is vital to reduce ever-increasing inequality, which – if it isn’t halted – will take us back to a feudal society.
"Could we have created more value with the resources we have available?" This is the question that board members need to be asking in order to truly embed an effective impact measurement approach in their organisations.
"Few organisations are geared up to know if they are creating as much social value as they can with the resources they have" – Jeremy Nicholls argues that better is not good enough, it's time to start optimising social value creation.
Is the private sector putting social enterprises to shame on social value accounting? Think it’s enough to have a social purpose without checking if you’ve made a difference? Try telling that to anyone who didn’t get a job at the end of your employability project, says Jeremy Nicholls.