The Second Annual B Corp Asia Forum was held during August 31st to September 1st in Taichung, the second most populated city in Taiwan. The theme of this year’s conference was Converge for Impact, and the Mayor of Taichung Lin Chia-Lung was the officiating guest of honour of the event.
Apart from participants from around Asia, there were an exciting group of B Corp and B Lab representatives from countries outside of the region, including Australia, Brazil, Chile and New Zealand, to share experience and celebrate the development of the global B Corp movement. Representing Hong Kong, Freddy Law, Director of Education for Good – the champion of the B Corp movement in Hong Kong – shared the experience in advancing the B Corp movement in the capitalist city and discussed the difficulties it encountered since the group took up the challenge to build the B Corp movement in Hong Kong a year ago.
HKI-SIA Executive Director Terence Yuen also participated in the conference and was invited to join the B Academy Forum panel discussion on advancing B Corp academic and practice research. In the presentation, Terence introduced the findings of a 2016 study that compared SROI and B Impact Assessment using two work-integration social enterprises as the research cases. Terence also took the opportunity to introduce the best practice guide jointly issued by Social Value International and B Lab on Measuring Outcomes Using the Social Value Principles. The best practice guide is one of the “linkage papers” produced by Social Value UK to offer help to social impact practitioners to understand how different measurement tools could complement one another to better the craft of social impact measurement.
Social Value Matters 2017 – the annual conference of Social Value International – was held on April 10th-11th at the beautiful campus of Koç University in Istanbul, with over 200 participants coming from 25 countries. The Conference was hosted by the Koç University Social Impact Forum (KUSIF) which is a core member of the newly constituted Turkey Social Value Network. HKI-SIA Executive Director Terence Yuen, who also serves on the Board of Social Value International, attended the two-day conference as representative of the Hong Kong Social Value Network.
On the second day of the conference, Terence joined with Dr Adam Richards, Senior Researcher of Social Value UK, in delivering the practice workshop “The Craft of Stakeholder Segmentation: Improved Decision Making in Service Design and Policy”:
The Craft of Stakeholder Segmentation
The session would consider the risks associated with failing to segment stakeholders, and different techniques that can be applied to reduce the risks and improve the ability of decision makers to maximise the value of activities. Discussion and case studies would be used for participants to appreciate how segmentation can be conducted in line with the Principles of Social Value at varying degrees of rigour to provide proportional responses.
The workshop examined the Why and How of stakeholder segmentation, and was attended by social impact practitioners having an interest to improve program design and service delivery by way of linking impact measurement with approaches to provide tailor-made services to specific beneficiaries groups through stakeholder segmentation.
HKI-SIA Executive Director Terence Yuen will be a guest speaker for the 6th Conference cum Workshop on Practice and Research for Social Service Excellence organized by the Hong Kong Council of Social Service.
Date: March 23, 2017 (Thursday)
Time:9:00am – 5:00pm (Registration start at 8:40am)
Venue:Auditorium, 1/F., Duke of Windsor Social Service Building, 15 Hennessy Road, Wanchai, Hong Kong
Programme Rundown (Updated)
The topic of his talk is How to apply SROI in a qualitative manner?
There is a general misunderstanding that SROI is an impact evaluation tool that demands its users to undertake quantification and even monetization of social outcomes. The talk will discuss how SROI could be applied to undertake impact forecasting without quantification or monetization. The talk will also introduce the idea of “social impact risks” (the risks that the anticipated social impact may not be realized) and discuss how social investors and service operators could mitigate/minimize the risks.
SROI（社會投資回報）普遍被認為是量化的影響力評估工具，應用時必須進行數量化及貨幣化的操作，然而很多服務機構就比較能接受質性的社會影響評估。此專題演講會分享如何運用SROI進行質性社會影響力分析和預測，並會引進「社會影響風險」social impact risks的概念，探討創效投資者和服務營運者，如何能避免或盡量減低各類型社會影響風險出現的可能性。
Registration to the events:
(1) Conference (Fee : HKCSS member $280/ non-member $330 Early Bird:HKCSS member $180/ non-member $230 )
(2) Workshop (Fee : HKCSS member $430/ non-member $480 Early Bird: HKCSS member $330/ non-member $380)
(3) Conference and Workshop (Fee : HKCSS member $580/ non-member $680 Early Bird: HKCSS member $430/ non-member $530 )
Social Value International announced the contents of the forthcoming annual conference on April 10th and 11th in Istanbul.
- What are the risks that your social impact won’t happen?
- How can we balance the tension between top down and bottom up impact data?
- How can stakeholders voice be included in the investment due diligence process?
- How does involving stakeholders increase the credibility of your data?
- How can you better communicate your impact to different groups?
- What happens when stakeholders own the resources and make the decisions?
- What does stakeholder voice mean for environmental impact?
- How can corporates and third sector partners collaborate?
- Stopping, scaling or changing your activities
- Maximising Value – Implications of different stakeholders
- Understanding the value of different outcomes using the Value Game
- Introduction to social impact
- The impact management project huddle
- Impact management in immigration
- Impact management in youth unemployment
- Impact management and stakeholder segmentation
- Stakeholder involvement in design and innovation
- Constituent voice and social value
The Social Value Matters 2017 conference is for everyone interested in involving stakeholders to inspire change and maximise value. Purchase an early bird ticket here.
The Asian Venture Philanthropy Network (AVPN) organized its inaugural Impact Assessment Masterclass in Delhi in November 2016, in partnership with Social Value International and India’s capacity building intermediary Dasra.
Impact assessment frameworks including the Theory of Change (ToC), the Balanced Scorecard and Social Value were introduced. The following three strategic actions are considered foundation to all frameworks to ensure the success of impact measurement:
- Impact is a value chain – and measurement needs to follow this
Funders provide funding to a social purpose organization (SPOs) and the SPO delivers the intended impact to the beneficiaries – this is a value chain. Funders can structure their impact assessment by using different tools for different points of the value chain.
- Impact measurement needs management support and actions from the entire organization
Regardless of the tools you choose, impact assessment can only be successful if there is leadership support and execution across the organization. Hiring a third-party provider or specialist often does not work well.
- Communication is the foundation
Communication of impact is vital because it not only matters in terms of external reporting or showcasing, but it also plays a key role in driving future decision-making internally.
Check out the AVPN blog post for further details: https://avpn.asia/2016/12/22/3-strategic-actions-for-successful-social-impact-measurement/ (original article by Kevin Teo and Martina Mettgenberg-Lemiere of AVPN)
Partnered with Koç University Social Impact Forum, the next Social Value International annual conference will be held at Koç University in Istanbul, Turkey on 10 & 11 April 2017.
This year’s conference will focus on how to amplify stakeholder voices to inspire change and maximize social value to improve equality. One focus would be how we can use social impact data to drive innovation and ensure stakeholder involvement in service design. Participants will be sharing experiences of what’s worked in changing culture, systems, techniques and legislation and running smaller group discussions and round tables so that everyone can contribute. Sessions will mainly be in English with some in Turkish.
Earlybird tickets offered at a discounted rate of £130 for members and £150 for non-members. Early bird tickets can be purchased via Eventbrite:
The Hong Kong Institute of Social Impact Analysts (HKI-SIA) will organize the 2016 Annual Knowledge Sharing Workshop in the afternoon of December 21st, right before the Institute convenes its Annual General Meeting.
Two guest speakers, Bruce Au of the Hong Kong Jockey Club and Alvin Cheung of Our Hong Kong Foundation, will join HKI-SIA Executive Director Terence Yuen to examine a range of topics in relation to the developments in the field of social impact assessment in Hong Kong:
- The “BACKS” monitoring & evaluation framework being promoted and implemented by the Hong Kong Jockey Club
- New policy directions on social impact assessment being promoted by Our Hong Kong Foundation
- Sharing of social impact assessment case studies conducted by HKI-SIA over the past two years
- Planning for professional training and knowledge development in social impact assessment
The Annual Knowledge Sharing Workshop is an occasion for allowing practitioners to gather industrial news on latest developments in the field of social impact assessment. Both HKI-SIA members and non-members are welcome to join the Knowledge Sharing Workshop (fee applicable for non-members).
For further information and registration, please refer to / fill in the online registration form.
Two international events on social enterprise development – the Social Enterprise Summit and Social Enterprise World Forum – were held in Hong Kong during the International Philanthropy and Social Enterprise Week in September. A good number of conference sessions of the two meetings were devoted to addressing the topic of social value and social impact assessment.
Check out the following synthesized report (in Chinese) on relevant discussions on social impact measurement compiled by Social Enterprise Insights from Taiwan.
HKI-SIA Executive Director Terence Yuen was one of the invited speakers to do a sharing with a group of green innovation project implementors from the Jockey Club CarbonCare InnoLab on September 30th.
Terence gave a presentation that examined the role of valuation and monetization in social impact assessment, and shared examples of evaluation frameworks that either avoid monetization (e.g. B Impact Assessment of B Corp) or completely embrace the monetization of material social outcomes (e.g. Social Cost Benefit Analysis and SROI). As a basic rule of thumb, the choice of social impact assessment framework is dependent upon the purpose of conducting social impact assessment – whether it is meant for external reporting (proving) or mainly for serving internal program design and evaluation purpose (improving). In helping to ascertain the relative importance of diverse program outcomes from the perspective of beneficiaries and stakeholders, valuation and monetization serve the unique function in allowing decision makers to make choices between different alternatives and ultimately helping social entrepreneurs optimize social value creation in program design and implementation.
Nearly three years ago, in November 2013, HKI-SIA introduced the first 2-day SROI practitioner training workshop to Hong Kong. Since then, four more rounds of SROI accreditation training were organized. All workshops were led by our UK CEO Jeremy Nicholls who stopped by in Hong Kong to deliver the training amidst his frequent travels in Asia.
This week Jeremy visited Hong Kong again to give presentations in the Jockey Club Philanthropy for Better Cities Forum and the Social Enterprise World Forum 2016. HKI-SIA again took this opportunity to organize the 2-day SROI workshop on September 28-29. It was the 11th SROI accreditation workshop organized in Hong Kong and the session was attended by 11 local practitioners and one overseas participant from Thailand. As usual, the mix of the participants was cross-sectional, with representatives from social innovation intermediaries, a think tank, an international impact investor, a developer, and social service agencies serving the youth and the elderly.
The contents of the 2-day workshop have been sharpened over the past three years and new focus on how to undertake rapid program evaluation that syncs data gathering and decision making (so as to fuel social innovation) was introduced. Rapid prototyping and user segmentation were the key themes throughout the 2-day training, and participants were given practical guidance on how to experiment with new program ideas for better allocation of resources and the maximization of social impact for stakeholders.
The Our Hong Kong Foundation was the venue sponsor of the two-day event.