Europe Reaches Common Ground on Impact Measurement Standard
If you are a social funder or a foundation you have surely been faced with the dilemma of what measurement to use to test impact, or perhaps you are a social business that uses an alternative format than your funders, creating perhaps misunderstanding and inefficiencies. If that is the case, the recent agreement on a European Standard on Impact Measurement will go a long way in helping you.
Through the work of the European Commission’s GECES – a consultative multi-stakeholder group on social business set up in 2012 and due to exist until 2018 – and its Sub-group on Social Impact Measurement- a European standard in the area of impact measurement has now been agreed on.
The impact measurement standard (the “Standard”) is designed to be applicable across Europe – for social enterprises as well as for public and private funders of social enterprise and is a further step towards illustrating the socio-economic value created by social enterprises and funders throughout Europe.
The Standard is informed by EVPA’s Practical Guide; our resource that distils best practice in impact measurement into five easy-to-understand steps to implement impact measurement.
You can read the full story on the Standard here.