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A Guide for Decision-Making That Optimises Impacts on Well-Being

20 July 2022

By

Ben Carpenter

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1 min read

In a world facing serious challenges of inequality, climate change and wellbeing, organisations have a responsibility to act upon, and be responsive to, these challenges by purposefully making decisions that optimise the positive impact their activities have. Making decisions based on optimising the social value or impact that an organization can make increases an organisation’s accountability and its potential to create as much social value as possible.

That is why we are excited that Social Value International has announced the launch of the latest Principle 8: Be Responsive. This eighth Principle of Social Value is a management principle and represents the need for organisations to respond to impact measurement or ‘Social Value accounts’ with actions.

Be Responsive: Optimise the impacts on wellbeing of all materially affected stakeholders through decision making that is timely and supported by appropriate accounting and reporting.

This standard will help you use the social value or impact data that you have to make decisions in a way that will help you achieve your goals, contribute to a more sustainable and equitable world, and optimise impacts on wellbeing for all materially affected stakeholder groups. This standard will also help organizations to create a structured ‘impact management approach’ that can guide decision making at strategic, tactical and operational levels to optimise impacts on wellbeing for all materially affected stakeholder groups.

By adopting this approach organizations will be able to implement more of the activities that are designed to maximise positive changes in wellbeing, and also identify and eliminate activities that result in negative changes in wellbeing as fast as possible.

Watch here an introduction to the Principle: Youtube

Download the standard of applying Principle 8 here.

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

Author

Ben Carpenter

CEO of Social Value International

Ben oversees the strategic direction of Social Value International and leads SVI’s technical facilitation across a broad range of collaborating organisations. Ben is dedicated to reducing inequality and improving the well-being of people and the planet. He is honoured to be leading the global network of inspirational people changing the way the world accounts for value.

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We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

We see social investment as a continuum that encompasses everything from philanthropy and venture philanthropy to impact investing, CSR and sustainable investment. We call this the “Continuum of Capital”.

©2021 Asian Venture Philanthropy Network | AVPN is registered in Singapore as a charity (UEN 201016116M)

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