Social impact assessment

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Social Impact Assessment

developing your own

social impact assessment plan

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20-second intro

idea

revenue generator

intended impact

impact measurement approach

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social impact assessment

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social impact assessment

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social impact assessment

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business

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assessment

academic

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assessment

water quality

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assessment

non-profit

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assessment

non-profit

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assessment

literacy

health

creativity

planting trees

job training

non-profit

self-learning passion

work ethic

culture

social impact assessment

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Note: Impact assessment is not SIA

Various definitions and

evolving terminologies…

be careful.

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‘Social Impact Assessment (SIA) includes the processes of analysing, monitoring and managing the intended and unintended social consequences, both positive and negative, of planned interventions (policies, programs, plans, projects) and any social change processes invoked by those interventions. Its primary purpose is to bring about a more sustainable and equitable biophysical and human environment.’

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International Principles for SIA, 2003

1. Business potential (33%)

Market & Competition:

Business addresses a clearly-identified need and target customer

Business is clearly differentiated from its competitors (both direct and indirect)

Products/Services (Offering):

Solution is clearly defined with features and benefits

Offering holds substantial and lasting appeal to target

Financial Sustainability:

Business model is both financially feasible (value created is greater than costs incurred), fundable (attractive for future investors and donors), and scalable (replicable across regions, product categories, or impact areas)

2. Social impact potential (33%)

Social Value Proposition

Business has a clearly-identified social value proposition that is supported by a well-articulated theory of change

Business generates social value above and beyond current state and/or next best available option

Quantification of Potential Social Impact

Potential Social Impact projections are based on reasonable assumptions and credible data

Plan has identified operational metrics (“social indicators”) that strongly relate to desired social outcomes

Plan recognizes potential unintended and/or negative consequences of the business

3. Likelihood of success (33%)

Implementation

Clearly defined vision and growth objectives

Roadmap for implementation, including necessary connections/partnerships, customer acquisition strategy and demonstrated proof of concept

Basic scenario planning to show adaptability in the face of hurdles or challenges

Clear and feasible plan for impact measurement and evaluation, including ongoing monitoring of unintended and/or negative consequences of the business

Organizational Fit

Social value proposition is central to the business model; impact scales as business scales

Business has a comparative advantage to existing players addressing the same need

Quality of management team

Relevant and diverse domain & industry experience, business track record, education, access to resources, strong relationship with advisers

Professional, persuasive and organized presentation

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Annual GSVC Social Impact Assessment Award

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GSVC SIA Approach: Define, Quantify, and Track

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GSVC SIA Approach: Define

• “Theory of Change”

• What are your long-term objectives? How will your intermediate steps help you get there?

• Similar to Vision and Mission …

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GSVC SIA Approach: Quantify

• “If you can’t measure it, it didn’t happen.”

• How to track non-measurable things… figure something you can measure.

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GSVC SIA Approach: Track

• As rigorously and regularly as you track and report finances.

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20-second intro

idea

revenue generator

intended impact

impact measurement approach

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SIA

Social impact assessment

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M&E

Monitoring & evaluation

social venture

Social entrepreneurship and startups

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CSR

Monitoring & evaluation