SEWF23: Verification scheme launched at this week's Social Enterprise World Forum aims to overcome cultural and language differences, to provide clear identity for businesses focused on positive purpose.
The audiobook pioneer moved its headquarters to Newark in 2007 to contribute to the city’s economic revival; it has since created a venture fund and several more community programmes. But how does it know what's working?
Just 15% of impact investors compare impact results with peers, according to wide-ranging research from GIIN – which calls on individual investors to show “leadership” and “share impact data at scale”.
OPINION: Coca-Cola did $3bn-worth of environmental damage in 2019, and the negative health impact of Danone’s products was nearly $8bn, reveals a new accounting approach. The time is up for self-serving, inaccurate ESG reporting.
“If you don’t measure it, it didn’t happen” – so says the boss of the award-winning social enterprise Noise Solution, which matches young people with professional musicians to learn new skills and boost self-confidence.
Whether an impact measure corresponds with reality is irrelevant for impact investors, who want to demonstrate credibility, not truth. So methodological dilemmas are a distraction: third-party certification brings legitimacy.