As members of the Board of Social Value Canada, we were happy to see the Ontario Government invest resources into a Strategy and Task Force that amplify impact in Ontario through a common approach to impact measurement. The Ontario Government recently released a report “Amplifying the impact of Ontario’s social enterprise community: An Action Plan towards a common approach to impact measurement.” You can read all about the Strategy and Task Force behind the report here. In reading the report, we found that the recommendations of the Impact Measurement Task Force resonate with work of Social Value Canada.
What is Social Value Canada? Social Value Canada (SVC) is the recently re-launched merger between SROI Canada and Social Impact Analysts Association. As a member of Social Value International, the mission of SVC is simple: to change the way that society accounts for value. We think we need to continue to align our efforts towards a common, rigorous, evidence-based and data-driven way to measure the social and environmental value of our work.
The key takeaways from the recommendations are the need to create a standardized approach and supporting infrastructure to measure the value and impact of social enterprises. To do this, the Task Force recommends:
We believe that the newly formed Social Value Canada can contribute to move this agenda forward. We think that we can contribute to this process by being champions of a rigorous, evidence-based, neutral approach. We can support by continuing to build the capacity and know-how of the Canadian professionals in impact measurement. We can continue the conversation on accounting for social and environmental value in the social enterprise sector and beyond.
What is great about the task force plan is it sees a common approach to impact measurement as a process that must be continually evolved and adapted. It will become more complex as Ontario social enterprises become equipped for that complexity. We look forward to helping to make that happen.
Stay tuned for more analysis and insights from us as the work of Social Value Canada continues to take off.
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