European Venture Philanthropy Association

Supported by: Omidyar Network Adessium Foundation BMW Foundation Logo Acanthus Logo EU

Europe Reaches Common Ground on Impact Measurement Standard

Posted on by EVPA

Share on LinkedInTweet about this on TwitterShare on FacebookShare on Google+Email this to someonePrint this page

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.


Skip to toolbar