What is Social Value?

 

Social value is the quantification of the relative importance that people place on the changes they experience in their lives. Some, but not all of this value is captured in market prices. It is important to consider and measure this social value from the perspective of those affected by an organisation’s work.

Examples of social value might be the value we experience from increasing our confidence, or from living next to a community park. These things are important to us, but are not commonly expressed or measured in the same way that financial value is.

As part of the Social Value International Network, Social Value Canada believes that social value offers huge potential to help us change the way we understand the world around us, and make decisions about where to invest resources. By changing the way we account for value, we believe that we will end up with a world with more equality and a more sustainable environment. You can join us on this journey by becoming a member.

We believe anyone can start to account for their social value, no matter the size of the organisation or the amount of resources available. Click on the following links to find out more:

what is social value

In this blog, SIMNA Board member Ross Wyatt writes 'Great social impact #measurement can go a long way to guide the global economic #rebuild... to ensure that sense of #community is valued alongside purchasing power.' https://bit.ly/transform-SIM #BuildBackBetter @Think_Impact