Social Value Business’ Post

The Impact Evaluation Standard helps you cut through the noise and focus on the real goal: delivering meaningful social impact. #socialimpact #socialvalue #esg #government

Not for the first time, today I listened to a client muse over whether they adopt a social value measurement methodology built for local authorities because it’s well known and has proxy values, or, the UK Social Value Model because it’s an actual government method. But why not avail of the best of both worlds - a measurement framework which is entirely built upon the SVM, incorporating all best practice guidance from HM Treasury, that also comes with a set of social value proxies which are updated every year 💡 The Inpact Evaluation Standard lets you have your cake and eat it when it comes to social value measurement with proxies and government alignment 🍰

Looking to enhance your Environmental, Social and Governance efforts but not sure where to begin? Here are a few tips to help you get started: - Assess the Social Value priorities that are most relevant to your customers and communities, and consider the levers you can pull to address them - Conduct a gap analysis to identify potential blockers and challenges - Bring colleagues together on the journey to agree the initiatives - Start to create a top line strategy to ensure the accountability for the success of your Social Value With our collaborative approach, we help businesses integrate social value and drive meaningful, lasting change. Find out how we can support you > https://lnkd.in/eUe6gE9w #CorporateSocialResponsibility #SocialValue #ESG

How up-to-date and credible are your social value metrics and proxy values? Confidence in social value calculations is a vital element for organisations that share their social impact.   But staying informed on the latest social issues, government priorities, and relevant benchmarks can be overwhelming.   That's where the Impact Evaluation Standard comes in. As Alex Mayes from Laing O'Rourke highlights, the Impact Evaluation Standard ensures annual metric updates, guaranteeing your data stays fresh. This translates to: ◾ Seamless Integration: New information can be easily incorporated into your measurement tool. ◾ Aligned Results: Your impact assessments reflect the latest trends and industry benchmarks. In short, the Impact Evaluation Standard helps you cut through the noise and focus on the real goal: delivering meaningful social impact. #socialimpact #socialvalue #esg #government

Don't you think it's time we change our minds about what business should be? Growing up, business seemed synonymous with profit—nothing more, nothing less. Every side hustle I had in college was about one thing: making money. For the longest time, that was the sole aim of business. But times have changed. Today, the heartbeat of business is evolving. It's no longer just about the dollars we make; it's about the difference we make. When the UN unveiled its 2030 Agenda for Sustainable Development, it wasn't just a plan—it was a call to action for people and the planet. This agenda, along with the rise of Environmental, Social, and Governance (ESG) standards, has redefined what it means to be successful in business. We can no longer afford to do business unconsciously. Companies clinging to the old model, focusing only on profit, are finding themselves out of touch and out of favor. Stakeholders—customers, employees, investors—are demanding more. They want businesses to be a force for good, to create positive impacts in society and the environment. The choice is clear: adapt and inspire, or remain stagnant and be left behind. 📸 Pictured with the lovely Monicah Karanja #sustainability #sdgs #esg #business

Sustainability is about more than just the ‘E’ for environment. The 'S' in #ESG, representing social sustainability, is equally vital. The UN's Sustainable Development Goals and regulatory accountability have shifted focus towards transparency and action. Embracing social sustainability can help attract partners, boost morale, drive innovation, and improve financial performance, contributing to societal well-being and business sustainability. Learn more about crafting a social impact strategy: https://social.kpmg/s12hdl

It’s the most magical time of year… Well, at least it is if you work in the social impact and CSR space 🙌 Because this is the time of year when we get to see all the amazing impact reports for 2023! 🚀 I will definitely be sharing some of my personal favorite impact reports in the coming weeks. However, I’ve been noticing some common shortcomings in impacting reporting… While many organizations strive to produce comprehensive and transparent social impact reports, there are a few common challenges and areas where these reports may fall short. ⚖️ Lack of Standardization: There is often a lack of standardized metrics and reporting frameworks across industries, making it challenging to compare the social impact of different organizations. This also leads to impact reporting feeling a bit more like a marketing tool than a true assessment tool. 💁♀️ Overemphasis on Positive Outcomes: Some reports may focus disproportionately on positive outcomes while downplaying or omitting negative social or environmental impacts. However, the negative (or unintended) impacts are usually the greatest teachers. 💸 Limited Integration with Business Strategy: Social impact initiatives may be disconnected from the organization's core business strategy, resulting in a lack of alignment and sustainability. I will die on the hill shouting, “Impact strategy (i.e., purpose) must be aligned with business strategy (i.e, profit). This is particularly true if you’re VC-backed, because investors will come for your impact program if budget cuts are required. That is, unless you can align your purpose and profit. 🌱 Greenwashing: In an effort to enhance their image, some organizations may engage in "greenwashing" or exaggerate their positive social and environmental impacts without substantial evidence. This isn’t news to anyone, but I’m seeing more brands slap “organic” on their product and check the sustainability box. There’s more work to be done here. 💬 Some of the other shortcomings include: limited scope, insufficient stakeholder involvement, inconsistent data quality, and a failure to address root causes. Want to hear more about these? Let’s connect and discuss! Social impact folks, what are some of YOUR biggest pet-peeves in impact reporting? Share in the comments below! ✍ #socialimpact #impact #purposedriven #corporatesocialresponsibility #csr #esg #esginvesting #impactinvesting #corporatecitizenship

Is your company dedicated to making a real difference but struggling with how to integrate impactful social strategies without losing sight of business objectives? At LLM, we specialise in helping organisations like yours weave social impact into the fabric of your business models, ensuring that your commitment to societal and environmental change stands hand in hand with your corporate goals. 🌍✨ https://lnkd.in/grR4_caA Led by Lelia Lim, Founder and Senior Partner and Pia Wong, Chief Impact Officer, B Purpose Bureau | Certified B Corp our #ImpactWithPurpose programme offers a clear, proven methodology for establishing long-term, sustainable partnerships with the social impact sector. Whether you're looking to refine your approach to CSR, align with the Sustainable Development Goals, or simply want to ensure your efforts are measurable and meaningful, we're here to guide you through. If you want to explore how we can elevate your organisation's social impact strategy, click here - https://lnkd.in/grR4_caA. Together, we can create a legacy of positive impact. #socialimpact #sustainabledevelopment #corporatephilanthropy

#Sustainability is about more than just the ‘E’ for environment. The 'S' in #ESG, representing social sustainability, is equally vital. The UN's Sustainable Development Goals and regulatory accountability have shifted focus towards transparency and action. Embracing #socialsustainability can help attract partners, boost morale, drive innovation, and improve financial performance, contributing to societal well-being and business sustainability. Learn more about crafting a social impact strategy: https://social.kpmg/s12hdl

Released our 16th whitepaper in #ESG making our emotions a tradable asset class, connecting our alignment with #sustainability to deliver significantly more social impact, communities with high levels of traction & greater funding of the things that matter https://lnkd.in/eXZc_mPH #goodistrending