Social Value Thailand, a new platform group for supporting Thai social impact practitioners, has joined Social Value International as its newest affiliation network in Asia. The group was launched with support provided by NISE Corp, a key player promoting the development of social enterprise in Thailand.
The first training event offered by the Thai network is a series of SROI Accreditation Training (June 5-6 & 9-10; English speaking) and SROI Practitioner Workshops (June 19-20 & 23-24; English and Thai speaking) to be offered by NISE Corp with the support of SVI and HKI-SIA. Jeremy Nicholls and Adam Richards of Social Value UK and Terence Yuen of HKI-SIA will serve as co-trainers for the accreditation training, while Terence will work with qualified trainers from NISE Corp to conduct the practitioner workshops.
For details of the events: June SROI events in Bangkok
About the SROI Accreditation Training
Social Return on Investment (SROI) is an internationally recognized framework for understanding, measuring and valuing social, economic and environmental outcomes. This two-day SROI practitioner training course is accredited by Social Value International and will equip you with a working knowledge of social value and SROI. The course will cover:
- The philosophy behind SROI and the seven principles of social value
- Practical exercises to understand, measure and value outcomes
- Real applications and examples to show how your organisation can use the principles of Social Value and SROI to increase your impact
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.
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)
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.
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.
Social Value International CEO Jeremy Nicholls will visit Hong Kong and join two separate panel sessions at the coming Jockey Club Philanthropy for Better Cities Forum and the Social Enterprise World Forum 2016. In addition, Jeremy will also serve as the lead trainer to conduct the SROI Practitioner Training Workshop on September 28-29. The SROI Accreditation Workshop (click here to register) will be the 11th workshop held in Hong Kong.
The two panels Jeremy will participate in Hong Kong are Best Practices in Selecting Philanthropic Projects at the Jockey Club Philanthropy for Better Cities Forum and Social Impact Measurements on the Development of Social Enterprises at the Social Enterprise World Forum. Please visit the official websites of the two international events for registration.
Three SROI accreditation training workshops were organized in Hong Kong and Taipei over the past month.
In partnership with the Dharma Drum Institute of Liberal Arts (DILA), Social Value International organized the first-ever SROI practitioner training workshop in Taiwan on May 31st and June 1st. Jeremy Nicholls of SVI, Ken Ito of SROI Japan and Terence Yuen of HKI-SIA were trainers conducting the workshop. Twenty two participants from corporate and social sectors and academics joined the two-day training which was held at the DILA Training Centre at downtown Ximending. After the completion of the workshop, the Taiwanese training participants were now exploring the possibility of establishing the local affiliate Social Value Taiwan to further promote professional development of social impact assessment in Taiwan.
Before traveling to Taipei, two SROI workshops were also conducted in Hong Kong during May 19th-20th and 27th-28th with a total of 29 participants, among which included two overseas participants – one from Thailand and another from Singapore.
Jeremy Nicholls and Terence Yuen served as the co-trainers and the two workshops were respectively the ninth and tenth practitioner workshops organized in Hong Kong over the past three years. Deloitte Foundation served as the venue sponsor for the latest round of training in Hong Kong.
HKI-SIA in partnership with Social Value International organized a half-day training workshop titled Social Risk Management for Impact Investors on May 26th as one of the fringe events of the AVPN Conference. The training was led by Jeremy Nicholls of Social Value International and Clara Barby of Bridges Ventures. Around two-dozen participants from foundations, corporates, nonprofits and government attended the special training.
The workshop introduced the idea of social impact risks as foreseeable incidents – the probability that performance of social interventions will be different than expected. Different types of risks could emerge throughout the process of delivering social impact that may reduce the likelihood of producing the expected social outcomes (see diagram). A key dimension of the social risk framework concerns “who cares” – i.e. how the risks will affect various stakeholders including beneficiaries, delivery organisations and investors/funders, and the consequences of risk-taking pertaining to the different groups.
Social Risk Management Overall Framework
The trainers shared experience using real-life examples on different types of risks and discussed how measures could be introduced to mitigate those risks. In rounding up the discussion, Clara explained how Bridges Ventures, the UK impact investor, made use of the Bridges Impact Radar to evaluate both the social returns and social risks in association with impact investing decisions.
The interactive workshop was followed by a group exercise for participants to apply the social risk framework to assess the risks of their own projects and to devise measures to manage the risks.