Social Value Blog
SDG progress – Zooming in on Inequality
Despite progress made over the last 20 years to reduce the numbers of people living in extreme poverty1, inequality has been on the rise across the globe for several decades now. In January 2020 (before the COVID-19 pandemic took hold) the UN warned2 that rising inequality was affecting more than two thirds of the globe as economic gaps have continued to grow at a disproportionate rate to the progress made to reduce extreme poverty. Now, with the COVID-19 pandemic being shown to have pushed 119-124 million people back into poverty and chronic hunger3 it is clear, that the persistent challenge of inequality is not going anywhere. It is a complex situation, but one that we’d like to dedicate this first out of three blogs to and share insights from the progress that the SDGs highlight.
MAXIMIZE THE SOCIAL VALUES FOR SOCIAL ENTERPRISES IN VIETNAM
Vietnam research Institute for Innovation and Development (VID) collaborated with SVI (Social Value International) and other partners to hold online event MAXIMIZE THE SOCIAL VALUES FOR SOCIAL ENTERPRISES IN VIETNAM
The event has the goal of sharing concepts, frameworks, models and good practices related to management and measuring the social value of corporate organizations, shared by SVI experts.
SVI Submits Response To IFRS Consultation
SVI has submitted a response to the International Financial Reporting Standards (IFRS) Foundation on targeted amendments to the IFRS Foundation Constitution to accommodate an International Sustainability Standards Board to set IFRS Sustainability Standards.
Consultation on Standards for Principle 5 and 8
We are delighted to announce that Draft Standards and short guidance for applying Principles 5 and 8 are now out for consultation.
You told us, we listened
Our members and networks are the driving force behind Social Value International. It is through supporting and working in collaboration with members that we advocate for a wider adoption of social value and impact measurement and management.
Which is why it is so important to us that we offer the very best membership to all our community.
Announcing The Value Accounting Network
We are thrilled to be part of the newly-formed Value Accounting Network bringing together leading organisations to advance the role of value accounting in decision-making, governance, and disclosure.
“I’m delighted SVI will be working with other fantastic organisations who share our mission of changing the way the world accounts for value. I hope this initiative leads to greater collaboration, convergence and opportunities for us all to develop value accounting.”
Ben Carpenter, CEO Social Value International
An Update On The Sustainable Development Goals
It is now, more important than ever that the SDGs are embedded into our thinking, as countries, as organisations and as individuals. From the 2021 SDG progress report, we know that we are off track to reach most of the Goals that the world agreed to achieve by 2030. But we are certain that when we join the SDG and social value movements together, we will be better equipped to face the challenge at hand.
Effektfullt Leads The Work On Developing The First Swedish Standard For Impact Measurement
The Swedish Institute for Standards (SIS) is now launching a new committee that will lead the work of developing a Swedish Standard for Impact Measurement, in order to increase the quality of impact measurement in Sweden. At the committee’s first meeting the Executive Director of Effektfullt, Annica Johansson, was elected chairperson of the committee for the next three years.
World Refugee Day: How Can The Social Value Movement Help Tackle The Issues Of Forced Displacement?
World Refugee Day falls each year on 20th June and is dedicated to refugees around the globe. It is an international day designated by the UN to celebrate the strength and courage of those who have been forced to leave their homes behind, to build empathy and understanding for their plight, and to recognise their resilience in rebuilding their lives.
CEO Report – June 2021
I am delighted to confirm that after much discussion we have made the decision to introduce an eighth principle. The Principles of Social Value are the foundations of our work and so this decision was not taken lightly. I am grateful for the members who have proposed this significant development and grateful to you all for your feedback and comments on the forthcoming guidance and standard that will soon be out for consultation with our members.
Child Labour Is On The Rise: How Can SROI Help Us Measure Impact And Tackle Child Labour?
For the first time in two decades, the number of children being put to work has risen – to 160 million worldwide, representing an increase of 8.4 million over four years – while millions of other are at risk due to the COVID-19 pandemic.
World Environment Day: Recognising The Value Of Nature To Save Our Planet
“Truly sustainable economic growth and development means recognising that our long-term prosperity relies on rebalancing our demand of nature’s goods and services with its capacity to supply them. It also means accounting fully for the impact of our interactions with nature.” ….In other words, environmental impact belongs on the balance sheet.
World Bee Day: How Does It Relate To The SDGs And The Social Value Movement?
“Biodiversity is the food we eat, the water we drink, and it is also the air we breathe. More than that, biodiversity is part of us, as we humans are part of nature,” said Dr. Cristiana Paşca-Palmer, Executive Secretary of the Convention on Biological Diversity (CBD). “The truth is that without healthy nature and biodiversity, we cannot have quality nutrition, and without quality nutrition we cannot have good health – as simple as that.”
CEO Report – May 2021
Perhaps the volume of zoom calls is making me dizzy but it feels like the world is spinning faster than ever before. I am fortunate to work as part of a thriving network, a community of incredible people passionate about changing the way the world accounts for value. The last month has been no exception and I’m delighted to share with you some exciting updates and observations.
International Day Of Living Together In Peace: Building A Sustainable World Of Peace, Solidarity And Harmony
16th May marks the UN’s International Day of Living Together in Peace – a day dedicated to the promotion of peace, tolerance, inclusion, understanding and solidarity. The Day “aims to uphold the desire to live and act together, united in differences and diversity, in order to build a sustainable world of peace, solidarity and harmony.”
But how do we realise this vision? And how can the social value movement support this utopian objective?