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One of the recent corporate trends has been a growing concern for the social impact of companies' investments. Rather than looking at investments as simply a way to make a profit, both traditional and nonprofit companies are looking for ways to invest that entail a good rate of return on solving social problems as well. The number one question, however, is how to quantify the real social impact of the investments.
Three concepts can be used to help determine this measurement. The first is being consistent across the company regarding the data collected and the metrics used. Second, rather than narrowly focusing on just a few metrics, identify a few general domains of impact, each with its own set of measures. Finally, understand that the process will take time; there are no shortcuts to developing measures unique to one's company.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
"If you want to have impact, then IT, healthcare, and industrials will be the core three elements." That's what Anna V ? n ? 'nen, head of listed impact equity at AXA Investment Managers, has to...more
Foundation: GlobalGiving
"The main threat is the long-standing lack of sufficient funding for healthcare systems," Ota Akhigbe writes at the Conversation. "This funding gap means millions cannot get basic health care,...more
"We are so used to being almost permanently online that we don't really appreciate what we have and do not really know what to do when we're not," Joni Mitchell wrote in her 1970s song "Big Yellow...more