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?
Billions of dollars are now invested to create social impact as well as financial return. But with powerful new players such as Goldman Sachs and the Ford Foundation striding into this maturing market, will the sector’s original values be lost?
Is there a risk that social impact measurement is of interest only to a small band of practitioners reinforcing each others' beliefs in a tight-knit circuit of events and media outlets? Our new report explores.
"We have solutions to some of the big questions in society: unemployment, bad health, environment, loneliness. They can all be tackled by social enterprises based in the community," says Simon Donovan, CEO of MHDT.