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EURADA. Measure, Manage and Maximise Your Impact

27.05.2024

 

Author: OECD - European Commission

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Social impact measurement and management help social economy entities understand and demonstrate their societal contributions. These entities prioritise people and social or environmental goals over profit, practise participatory governance, and reinvest profits for societal benefit. Impact measurement involves three phases: design, data collection and analysis, and learning and sharing. This guide provides tools to track progress and set targets, using both qualitative and quantitative approaches, and explores valuation methods like social return on investment. Integrating impact evidence into decision-making improves strategic planning and resource use. Continuous improvement and stakeholder engagement are essential for maximising social impact. The guide emphasises transparency, proportionality, and a holistic understanding of impact to support capacity-building.

 

Read the guide here