The report on Social Impact Measurement developed by the Sub-group was formally adopted by the GECES on June 3 and next steps were discussed in Heraklion at the bi-annual GECES meeting yesterday.

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; a recently launched resource that distils best practice in impact measurement into five easy-to-understand steps to implement impact measurement. Impact measurement is a key component of the venture philanthropy and social investment model and has been a focal point of EVPA’s research and knowledge-building in the past years.

For more information, please refer to this link on the EVPA website.