Class 6: Impact measurement & KPIs

• Funders of social enterprises expect to see social impact results from their investments, just like regular investors expect financial returns. Examples of impact monitoring and evaluation (M&E) systems, including the logical framework, theory of change, and social return on investment (SROI) models.
• Case study: Micro-finance. The Grameen Bank and other models to provide access to finance for the BoP

Guest speaker:

Elise Lee, former Director, Opportunity International

Mandatory reading:

Module on Measuring Impact in the Toolkit on Social Investment developed by Mark Cheng, Ashoka, with UBS:

https://www.ubs.com/microsites/social-investment-toolkit/en.html

Kayser, O. & Budinich, V. (2015) Scaling up: Business solutions to social problems. A practical guide for social and corporate entrepreneurs. Chapter 8.

Guidance on impact measurement is included in many of the business plan resources referenced under that guidance heading (please see class 3, above). You may also find the following resources helpful:

Venture Philanthropy Practices in Asia: A Guide to Effective Impact Assessment, 2016, AVPN www.avpn.asia

Theory of change guidance https://en.wikipedia.org/wiki/Theory_of_change

and http://diytoolkit.org Tools – Theory of Change (Worksheets also available in Chinese)

HKSEC 2012 Guidelines for Social Impact Assessment

SROI guides and templates: As uploaded on canvas and as found on: http://socialvalueuk.org/what-is-sroi

Overview of tools and resources for assessing social impact: http://trasi.foundationcenter.org/

McKinsey portal for social impact assessment: http://mckinseyonsociety.com/social-impact-assessment/

Overview of impact investment measurement methodologies: https://iris.thegiin.org/guidance

Recommended readings:

Nelson, J. And Jenkins, B. (2006). Investing in Social Innovation: Harnessing the Potential of Partnership between Corporations and Social Entrepreneurs Working Paper No. 20 Corporate Social Responsibility Initiative, J. F. Kennedy School of Government Harvard University.

Balco L., Mortell, D. And Oostlander, P. (2010) Establishing a Venture Philanthropy Fund in Europe European Venture Philanthropy Association (“EVPA”)

Social Ventures Hong Kong (2011) Money for Good: Global trends and Local Potentials in Engaged Giving and Social Investing River Star Foundation

Kayser, O. & Budinich, V. (2015) Scaling up: Business solutions to social problems. A practical guide for social and corporate entrepreneurs. Chapters 9-10.