Social Impact measurement for the Social and Solidarity Economy
Within the framework of the action plan Promoting Social and Solidarity Economy Ecosystems, the OECD published the report Social Impact measurement for the Social and Solidarity Economy.
The report, while underlining the fragmentation and plurality of measurement options available to social and solidarity economy entities, underlines the communalities across the wide panorama of measurement methodologies. In fact, the social impact measurement practice of an organization is likely to include: indicators; tools; methods and frameworks.
The report also includes a section on impact valuation; the approach effort is to translate a measured impact into a monetary value.
Concerning the necessity to support capacity building in impact measurement, the report lists different good practices including Torino Social Impact Competence Center for Impact Measurement.
