Posted on the 23rd April 2017
The way Australian businesses measure the impact of their CSR strategies and charities measure their social outcomes will have a broader focus in 2017 with the launch of the Australian Social Value Bank (ASVB) online tool.
Based on a UK model of social impact measurement, the ASVB aims to simplify the process of valuing social impact services and programs, allowing government, businesses, philanthropic and not-for-profit organisations to demonstrate their social impact.
To read the full storyWhen it comes to measuring social impact, two of the most widely used approaches are Cost-Benefit Analysis (CBA) and Social Return on Investment (SROI). While both aim to quantify the value created by social initiatives,...
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