Collaborative Approaches to Social Impact Measurement: Insights from the Think Tank at Universidad Pontificia Comillas
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2024-08-19Estado
info:eu-repo/semantics/publishedVersionMetadatos
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. This chapter delves into the pressing need for effective measurement of social
impact in the context of the evolving Impact Economy. It emphasizes the increasing
societal demands for transparency and accountability in both public and private
fund allocations, highlighting the shift towards evaluating the contribution to common
welfare rather than just resource use. The study is anchored in the premise that
social impact, encompassing positive contributions to social and environmental wellbeing,
must be rigorously measured to counter greenwashing and opacity. The chapter
is grounded methodologically in an adaptation of Empowerment Evaluation, involving
over 50 organizations from Spain’s social impact ecosystem. This think tank
collaboratively explores evaluation principles and methodologies for measuring social
impact, with a focus on democratic functioning and shared ownership. The chapter’s
findings present a conceptualization of Social Impact (SI) and Impact Measurement
and Management (IMM), addressing the ambiguities and inconsistencies in existing
definitions and proposing a more inclusive and pragmatic approach. This approach
incorporates stakeholder perspectives and considers both positive and negative, tangible
and intangible changes. The study also discusses various methodologies for impact
measurement, emphasizing the necessity of a methodological mix tailored to specific
needs. It highlights the challenges in measuring social impact, such as stakeholder
identification, attribution and contribution measurement, standardization issues, and
resource limitations.
Collaborative Approaches to Social Impact Measurement: Insights from the Think Tank at Universidad Pontificia Comillas
Tipo de Actividad
Capítulos en librosMaterias/ categorías / ODS
Cátedra de Impacto Social Open Value Foundation, Fundación Repsol, Management SolutionsPalabras Clave
.Social impact measurement, impact economy, stakeholder perspectives in social impact, impact measurement and management