Social impact refers to all the consequences (intended and unintended) of an organisation's actions, both on its external stakeholders (beneficiaries, users, customers), be it direct or indirect from its local area and internal (employees, volunteers), and on society in general.
The measurement of an activities social impact can be useful to an organisation to affirm their identity and contribution to their community as well as improve their performance.
For those who fund actors in the social entrepreneurship, the social economy or social innovations, social impact assessment is an approach that can be used to:
- Select actions that they wish to fund;
- Gauge their effects; and
- Establish new forms of dialogue with the managers of the structures funded.
To support stakeholders in the field of the social economy, Avise, an engineering agency which aims develop the social and solidarity economy, has released its latest handbook which provides the keys to understanding and practically applying the social impact assessment process with the most appropriate tools for the context.
Intended for social structure financiers including, the State, local authorities, philanthropy players, impact investors, the protagonists of solidarity finance as well as companies as part of their Corporate Social Responsibility strategy, Avise hope that the guide will help users to make their social impact assessment procedures a tool for strategic management and dialogue between stakeholders.
The guide addresses, the differences between social impact and social utility, reasons for taking action and what can be done before, during and after the funding action to successfully implement a social impact assessment.
To read the Guide in English, click here, or read it in French here.