The Principles of Social Value provide the building blocks for anyone who wants to make decisions that take a wider definition of value into account, in order to increase equality, improve wellbeing and increase environmental sustainability.
Principle 3: Value the things that matter requires an explicit recognition of the relative value or worth of different changes or ‘outcomes’ that people experience (or are likely to experience) as a result of activities. Value is subjective in its very nature. Therefore, it is critical that Principle #3 is applied in conjunction with Principle #1 ‘Involve stakeholders’ so that we value outcomes from their perspective.
Explicitly valuing social outcomes is important to practitioners and organizations for two main reasons; firstly, to communicate to others the value they are creating for their stakeholders and secondly; to make better decisions through understanding where the most value is being created (or not) in order to improve and create more value.
This week, we have invited three speakers to introduce this important principle and share free sources of valuations being developed, as well as an update from some of those working on these important resources.
About the Presenters
Allison Ricket
Allison is the Visiting Professor and Executive in Residence SROI and Impact Measurement at the Voinovich School of Leadership and Public Service at Ohio University. She is an accredited L3 practitioner by Social Value International and works with social enterprises, impact investors, nonprofits, foundations, and impact funds to measure and maximize their social, environmental, and economic impact. She leads a team to conduct SROI analyses for enterprise clients including Rural Action; Habitat for Humanity; and Franklin County and City of Columbus $10M Small Business Recovery Fund, a project measuring impacts to small businesses in central Ohio. Ricket advises national organizations and federal policymakers on impact measurement and leads the Body of Knowledge advocacy effort with Social Value US. Previous federal grant awards include multiple ARC POWER grants implemented alongside ecosystem partners.
Tim Goodspeed
Tim is an experienced trainer and practitioner in social value and one of the founders of Social Value International. He started his career in economic development and regeneration. morethanoutputs began in 2000 supporting social enterprises in Yorkshire. This naturally grew into the developing field of social value and a lead role developing Social Value International and training and consultancy with Social Value UK from their inception, to date.
With a background in funding and programme management, he understands how Social Value can be used with funders, investors, or to contribute to programmes. However, he is passionate that Social Value is also used to help organisations internally understand and maximise the value they create for all stakeholders. His work reflects effective combinations of these sometimes-conflicting objectives.
Jacob Leigh
Jacob is an offier at The Captials Coalition and a sustainability consultant at PwC, he has specific experience working with asset management clients on topics ranging from impact investing and climate risk. Jacob has supported private equity clients build impact investment frameworks under SFDR Article 9 requirements and he has experience implementing the TCFD framework and undertaking portfolio-level climate risk assessments.
Yulia Romaschenko
Yulia is the Technical Director at Social Value International and is responsible for the methodological and technical support of SVI trainers, practitioners and members.
Members of SVI and Joint Member Networks: Attendance is FREE. Please follow the link below to register.
Non-members: Tickets are just £10! Please follow the link below to purchase a ticket.