{"id":22429,"date":"2022-11-16T14:06:50","date_gmt":"2022-11-16T14:06:50","guid":{"rendered":"https:\/\/www.guidaeuroprogettazione.eu\/third-sector-and-social-impact-measurement-and-analysis-tools\/"},"modified":"2025-12-03T17:18:40","modified_gmt":"2025-12-03T17:18:40","slug":"third-sector-and-social-impact-measurement-and-analysis-tools","status":"publish","type":"post","link":"https:\/\/euknow.it\/en\/third-sector-and-social-impact-measurement-and-analysis-tools\/","title":{"rendered":"Third Sector and social impact: measurement and analysis tools"},"content":{"rendered":"<p>Achieving social impact is the goal of every European project: let&#8217;s find out how to measure it.<!--more--><\/p>\n<h2><b>Why the social impact<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We have already covered the topic of social impact from various perspectives: presenting <\/span><a href=\"https:\/\/euknow.it\/economia-sociale\/\">\n  <span style=\"font-weight: 400;\">in-depth guides and the Social Economy Action Plan.<\/span>\n<\/a><span style=\"font-weight: 400;\">, a review of the main <\/span><a href=\"https:\/\/ec.europa.eu\/social\/main.jsp?catId=1561&amp;langId=en\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">European funds and programs in this area<\/span>\n<\/a><span style=\"font-weight: 400;\"> and useful insights into the <\/span><a href=\"https:\/\/euknow.it\/impatto-sociale\/\">\n  <span style=\"font-weight: 400;\">link between impact investment, European funds and the NRP<\/span>\n<\/a><span style=\"font-weight: 400;\">. In particular, we recalled:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How the concept of &#8220;<\/span><b>impact<\/b><span style=\"font-weight: 400;\">&#8221; is central to all European projects, which by their nature are called upon to <\/span><b>produce changes<\/b><span style=\"font-weight: 400;\">: at the tangible level (output\/results), at the behavioral and institutional level (outcome\/specific goal), and more broadly at the systemic and societal level (impact\/overarching goal). It is from the intent to produce these changes that the  <\/span><a href=\"https:\/\/euknow.it\/guida\/al-lavoro-progettazione-europea\/come-strutturare-un-progetto-un-esempio-pratico-e-altri-strumenti\/\">\n  <span style=\"font-weight: 400;\">logic of structuring and implementing<\/span>\n<\/a><span style=\"font-weight: 400;\"> of a European project;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">How impact is &#8211; to an even greater extent &#8211; a <\/span><b>&#8220;structuring&#8221; aspect<\/b><span style=\"font-weight: 400;\"> both in the more recent design of European funds (moving away from &#8220;expenditure reporting&#8221; and toward &#8220;<\/span><a href=\"https:\/\/euknow.it\/pnrr-la-prima-relazione-ufficiale\/\"><span style=\"font-weight: 400;\">reporting of results<\/span><\/a><span style=\"font-weight: 400;\"> achieved&#8221;), as well as in the<\/span><a href=\"https:\/\/euknow.it\/economia-sociale\/\"><span style=\"font-weight: 400;\">social economy<\/span><\/a><span style=\"font-weight: 400;\"> and of the<\/span><a href=\"https:\/\/euknow.it\/impatto-sociale\/\"><span style=\"font-weight: 400;\">impact investment<\/span><\/a><span style=\"font-weight: 400;\"> (which make social impact the order of magnitude of reference for measuring the effectiveness of an economic activity and investment).<\/span><\/li>\n<\/ul>\n<h2><b>Focus: measuring social impact<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">We devote this new in-depth study to a <\/span><b>review of tools and methodologies for measuring the impact<\/b><span style=\"font-weight: 400;\">. <\/span> <\/p>\n<p><span style=\"font-weight: 400;\">To do so, we rely on guides and suggestions produced by <\/span><b>those who have made impact their raison d&#8217;\u00eatre<\/b><span style=\"font-weight: 400;\">viz. <\/span><a href=\"https:\/\/euknow.it\/impatto-sociale\/\">\n  <i>\n    <span style=\"font-weight: 400;\">impact investors<\/span>\n  <\/i>\n  <span style=\"font-weight: 400;\"> e <\/span>\n  <i>\n    <span style=\"font-weight: 400;\">venture philanthropists<\/span>\n  <\/i>\n<\/a><span style=\"font-weight: 400;\">. <\/span> <\/p>\n<p><span style=\"font-weight: 400;\">There are, even in this area, <\/span><a href=\"https:\/\/euknow.it\/advocacy-lobbying\/\">\n  <span style=\"font-weight: 400;\">networks and reference organizations<\/span>\n<\/a><span style=\"font-weight: 400;\"> at the Italian, European and international levels, such as. <\/span><a href=\"https:\/\/www.socialimpactagenda.it\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">SIA<\/span>\n<\/a><span style=\"font-weight: 400;\"> (Social Impact Agenda for Italy) and <\/span><a href=\"https:\/\/gsgii.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">GSG<\/span>\n<\/a><span style=\"font-weight: 400;\"> (Global Steering Group for Impact Investment), which we have <\/span><a href=\"https:\/\/euknow.it\/impatto-sociale\/\">\n  <span style=\"font-weight: 400;\">already mentioned<\/span>\n<\/a><span style=\"font-weight: 400;\">. We analyze today resources and tools provided by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">EVPA<\/span>\n<\/a><span style=\"font-weight: 400;\"> (European Venture Philanthropy Association);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.socialvalueint.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">SVI<\/span>\n<\/a><span style=\"font-weight: 400;\"> (Social Value International);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/impactmanagementplatform.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">IMP<\/span>\n<\/a><span style=\"font-weight: 400;\"> (Impact Management Platform);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.undp.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">UNDP<\/span>\n<\/a><span style=\"font-weight: 400;\"> (United Nations Development Programme);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">GIIN<\/span>\n<\/a><span style=\"font-weight: 400;\"> (Global Impact Investing Network).<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As much as these are instruments produced in the specific area of<\/span><i>\n  <span style=\"font-weight: 400;\">impact investing<\/span>\n<\/i><span style=\"font-weight: 400;\"> and of <\/span><i>\n  <span style=\"font-weight: 400;\">venture philanthropy<\/span>\n<\/i><span style=\"font-weight: 400;\">, their relevance and applicability extends to European projects and, more importantly, to the organizational arrangements and strategies of organizations working with European projects. A necessary caveat: all materials offered are in English.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ol>\n<li><b> <\/b><a href=\"https:\/\/www.evpa.ngo\/\" target=\"_blank\" rel=\"noopener\"><b>EVPA&#8217;s tools<\/b><\/a><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/impact-library\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">EVPA Impact Library<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). A very comprehensive collection of reports, publications and documents (including from outside sources) on the topic of impact;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/eu-funding-watch\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">EVPA EU Funding Watch<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). A convenient online tool to more easily locate financing, financial instruments and opportunities related to the social economy;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/sites\/www.evpa.ngo\/files\/publications\/IMM_Guide_2015_EN.pdf\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">A practical guide to measuring and managing impact<\/span>\n<\/a><span style=\"font-weight: 400;\"> (pdf, 2015, 140 pages, supported by <\/span><a href=\"https:\/\/www.fondazionecrt.it\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">CRT Foundation<\/span>\n<\/a><span style=\"font-weight: 400;\">). Detailed illustration of a 5-step methodology for managing and measuring impact: 1. Establish goals; 2. Analyze stakeholders; 3. Measuring outcomes: outcome, impact and indicators; 4. Verification and impact assessment; 5. Monitoring and reporting. For each of these stages, practical suggestions, guiding questions, methodological tools that can be used and directions for approach are provided;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f804a338a05837382d31f1\/1626866851593\/ONLINE-Impact_Management_Principles-.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Impact management principles<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2017, 8 pages). A brief summary of the 5 stages of social impact measurement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/sites\/www.evpa.ngo\/files\/publications\/EVPA_Impact_Strategies_2018.pdf\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">Impact strategies<\/span>\n<\/a><span style=\"font-weight: 400;\"> (pdf, 2018, 84 pages, supported by <\/span><a href=\"https:\/\/www.fondazionecrt.it\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">CRT Foundation<\/span>\n<\/a><span style=\"font-weight: 400;\">). Analysis of options and strategies that an organization can implement to structure its activities around the concept of impact;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/sites\/www.evpa.ngo\/files\/publications\/EVPA_Navigating_IMM_report_2021.pdf\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">Navigating impact measurement and management<\/span>\n<\/a><span style=\"font-weight: 400;\"> (pdf, 2021, 66 pages, supported by <\/span><a href=\"https:\/\/www.fondazionecrt.it\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">CRT Foundation<\/span>\n<\/a><span style=\"font-weight: 400;\">). A guide that describes the steps and processes an organization goes through to integrate impact measurement into its strategic choices, contextualizing the 5 components of impact management (goal setting, stakeholder analysis, outcome measurement, impact evaluation, monitoring and reporting) in this &#8220;journey.&#8221;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.evpa.ngo\/sites\/www.evpa.ngo\/files\/publications\/EVPA_Navigating_IMM_initiatives_2022.pdf\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">Mapping of impact measurement and management initiatives<\/span>\n<\/a><span style=\"font-weight: 400;\"> (pdf, 2022, 20 pages, supported by <\/span><a href=\"https:\/\/www.fondazionecrt.it\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">CRT Foundation<\/span>\n<\/a><span style=\"font-weight: 400;\">). A mapping and summary description of existing initiatives and methodologies in the area of impact measurement (the main ones are captured in this article).<\/span><\/li>\n<\/ul>\n<ol start=\"2\">\n<li><b> <\/b><a href=\"https:\/\/www.socialvalueint.org\/\" target=\"_blank\" rel=\"noopener\"><b>SVI&#8217;s tools<\/b><\/a><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/6127b55936e97e03e86297ea\/1629992289441\/Principles+of+Social+Value+.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The principles of social value<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2021, 6 pages). A summary of the 8 components of the &#8220;social value&#8221; of an organization or action, understood as positive change produced in beneficiaries or a population. These components also identify the steps needed to produce and maintain &#8220;social value&#8221; and the basis for evaluating it;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/623c98ac4b918944ef0b75db\/1653296439434\/The+Purpose+of+the+Principles+of+Social+Value+and+the+SVI+Standards+.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">The purpose of the principles of social value and the SVI standards<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2022, 13 pages). An explanation of the scope of applicability of proposed principles and standards: includes &#8220;all those who propose to measure changes generated by their project activities.&#8221;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.socialvalueint.org\/standards-and-guidance\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SVI Standards and Guidance<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). The starting page for accessing various documents. From the pages of each of the 8 components, additional in-depth materials can be accessed (<\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-1-involve-stakeholders\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#1<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-2-understand-what-changes\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#2<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-3-value-the-things-that-matter\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#3<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle4-only-include-what-is-material\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#4<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-5-do-not-overclaim\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#5<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-6-be-transparent\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#6<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-7-verify-the-result\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#7<\/span><\/a><span style=\"font-weight: 400;\">  |  <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-8-be-responsive\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">#8<\/span><\/a><span style=\"font-weight: 400;\">)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f058babaa9e46167496599\/1626364102534\/Standard-for-applying-Principle-1.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SVI Standard 1: involve stakeholders<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2019, 27 pages). What needs to be done to engage stakeholders, which is essential for determining the basis of impact, with process steps and methodologies;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f05a22bb93af6acac3d9f7\/1626364452343\/Standard-for-applying-Principle-2-.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SVI Standard 2: understand what changes<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2019, 19 pages). Suggestions and methodologies for defining desired effects, related indicators, and for collecting and analyzing data necessary for their measurement;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f0595f5ab2ef6cb3ed3116\/1626364272907\/Standard-for-applying-Principle-3.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SVI Standard 3: value the things that matter<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2019, 39 pages). Suggestions and methodologies on how to &#8220;value&#8221; inherently nonmonetary variables;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f059956bdd402ae100fdf7\/1626364326249\/Standard-for-applying-Principle-4.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SVI Standard 4: only include what is material<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2020, 16 pages). Suggestions and methodologies on how to make sure that the different components of &#8220;social value generation&#8221; are supported by verifiable and material evidence;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SVI Standards <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-5-do-not-overclaim\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">5 (do not overclaim)<\/span>\n<\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-6-be-transparent\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">6 (be transparent)<\/span>\n<\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-7-verify-the-result\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">7 (verify the result)<\/span>\n<\/a><span style=\"font-weight: 400;\">, <\/span><a href=\"https:\/\/www.socialvalueint.org\/principle-8-be-responsive\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">8 (be responsive)<\/span>\n<\/a><span style=\"font-weight: 400;\">  (online tool). Four more papers still being produced on the next components of &#8220;social value.&#8221; From each page, however, it is already possible to access various interesting materials related to each component;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f7fa286b9c6a47815bc3b2\/1626864196998\/The-SROI-Guide-2012.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">A Guide to Social Return on Investment (SROI)<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2012, 108 pages). A guide that seeks to shed light on the basic concepts and procedures related to measuring the social impact and value of actions and projects. A single source document then declined into the principles and standards given above;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/610020e204a15a159971d11f\/1627398370998\/Starting-Out-Guide.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Starting Out on Social Return on Investment (SROI)<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 8 pages). A schematic and concise version of the larger guide (see previous item);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f7f72eca10327b0ca1edc8\/1626863410351\/MaximiseYourImpact.24.10.17.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Social impact management tools for young social entrepreneurs<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2017, 142 pages). A very extensive and detailed guide. In spite of the specific focus (young entrepreneurs), it includes many practical and operational suggestions of general utility, organized into 4 working stages (planning, action, evaluation and review);<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/static1.squarespace.com\/static\/60dc51e3c58aef413ae5c975\/t\/60f8030e1ea6a807ba854462\/1626866448576\/EY-and-SVI-SDGs-UPDATED_11112019.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Sustainable development goals reporting and the social value international framework<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2019, 8 pages). A paper that relates the 8 components of &#8220;social value&#8221; and related processes with a view to measuring their contribution to the SDGs.<\/span><\/li>\n<\/ul>\n<ol start=\"3\">\n<li><b> <\/b><a href=\"https:\/\/impactmanagementplatform.org\/\" target=\"_blank\" rel=\"noopener\"><b>The Impact Management Platform<\/b><\/a><\/li>\n<\/ol>\n<p><a href=\"https:\/\/impactmanagementplatform.org\/get-started\/organisations\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Impact management tool for organizations<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). A useful tool to follow and explore step-by-step an impact evaluation methodology, with a specific focus on an organization&#8217;s choices but extendable to project activities. It provides a very detailed reference structure, organized into the following stages or components, of which it provides for each: 1) A general explanation, 2) the link to external methodological tools that can be used regarding what is expected at that stage or component, 3) A glossary of key terms referring to that phase or component.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Definition of the <\/span><b>fundamentals<\/b><span style=\"font-weight: 400;\"> (in terms of governance, strategy and management approach) for all subsequent phases or components;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identification or revision of the <\/span><b>objectives<\/b><span style=\"font-weight: 400;\"> To guide one&#8217;s strategy;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Identification of the <\/span><b>issues<\/b><span style=\"font-weight: 400;\"> of sustainability that you want to measure and manage;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Selection of the <\/span><b>metrics<\/b><span style=\"font-weight: 400;\"> for measuring sustainability outcomes and performance;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collection of <\/span><b>information<\/b><span style=\"font-weight: 400;\"> contextual to assess the impact of actions;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Estimating the value<\/b><span style=\"font-weight: 400;\"> created (and\/or eroded) for different stakeholders, to compare decisions and available options;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Verification<\/b><span style=\"font-weight: 400;\"> of information to ensure that it is reliable for use in decision making;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Collection<\/b><span style=\"font-weight: 400;\"> Of all available information useful for decision making;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Disclosure<\/b><span style=\"font-weight: 400;\"> of information about what has been achieved to various external stakeholders;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Benchmark<\/b><span style=\"font-weight: 400;\"> and comparison of performance with that of other organizations (benchmark for setting new goals).<\/span><\/li>\n<\/ul>\n<ol start=\"4\">\n<li><b> <\/b><a href=\"https:\/\/sdgimpact.undp.org\/\" target=\"_blank\" rel=\"noopener\"><b>The instruments of the UNDP<\/b><\/a><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/sdgimpact.undp.org\/resources.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UNDP SDG Impact resources<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). The reference page with tools and documents made available by UNDP&#8217;s SDG Impact;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.coursera.org\/learn\/impact-for-sdgs\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Impact Measurement &amp; Management for the SDGs<\/span><\/a><span style=\"font-weight: 400;\">  (online course). A free course on how to integrate impact on Sustainable Development Goals into an organization&#8217;s operational and strategic choices;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/sdgimpact.undp.org\/assets\/SDG_Impact_Brochure.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UNDP SDG Impact brochure<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2022, 3 pages). A review of the tools made available by SDG Impact, with links to direct access;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/sdgimpact.undp.org\/assets\/SDG-Impact-Standards-for-Enterprises-Version1-EN.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SDG impact standards &#8211; enterprises<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2021, 24 pages). The criteria a company must adopt to generate a positive impact on the SDGs. They are organized into four main themes (strategy, management, transparency, and governance, also captured in a&#8217;<\/span><a href=\"https:\/\/www.oecd-ilibrary.org\/docserver\/744f982e-en.pdf?expires=1667363148&amp;id=id&amp;accname=guest&amp;checksum=39A45B96EA0204D569FB8B54AC7D8240\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">similar publication<\/span>\n<\/a><span style=\"font-weight: 400;\"> of the OECD) and associated with a possible certification pathway (<\/span><a href=\"https:\/\/sdgimpact.undp.org\/impact-assurance.html\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">SDG Impact Seal<\/span>\n<\/a><span style=\"font-weight: 400;\">) and specific tools for businesses (<\/span><a href=\"https:\/\/sdginvestorplatform.undp.org\/\" target=\"_blank\" rel=\"noopener\">\n  <span style=\"font-weight: 400;\">SDG Investor Platform<\/span>\n<\/a><span style=\"font-weight: 400;\">). <\/span> <\/li>\n<\/ul>\n<ol start=\"5\">\n<li><b> <\/b><a href=\"https:\/\/thegiin.org\/\" target=\"_blank\" rel=\"noopener\"><b>GIIN&#8217;s tools<\/b><\/a><\/li>\n<\/ol>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/research\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">GIIN research library<\/span><\/a><span style=\"font-weight: 400;\">  (online tool). A very extensive review of documents and resources produced by the organization on various impact-related issues. Some of the materials are very technical and specific, while others may be a useful compendium or sector-specific study;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/assets\/COMPASS%20Methodology_For%20Investors.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">COMPASS: the methodology for comparing and assessing impact &#8211; investor guide<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2021, 43 pages). COMPASS represents an all-encompassing methodological tool for measuring and comparing impact. It is intended primarily for those who must make investment choices of which they wish precisely to assess the broader social impact, but tools and methods are applicable to a variety of fields. It is structured around 4 main steps: defining the type of decision to be made; gathering accurate information related to the impact; analyzing the information and drawing conclusions; and applying the results of the analysis;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/assets\/COMPASS%20Methodology_For%20Service%20Providers.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">COMPASS: the methodology for comparing and assessing impact &#8211; data analytics service provider guide<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2021, 43 pages). It takes up the same points as the general guide (see previous point), but focusing on needs and methods for those who must collect and analyze the data needed for evaluation;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/assets\/Methodology%20for%20Standardizing%20and%20Comparing%20Impact%20Performance_webfile.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Methodology for standardizing and comparing impact performance<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2020, 38 pages). A paper that takes a deeper look at the topic of data standardization, which is necessary for benchmarking and decision-making on impact issues;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/assets\/Understanding%20Impact%20Performance_Agriculture%20Investments_webfile.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Understanding impact performance: agriculture investments<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2020, 70 pages). An in-depth thematic discussion and application of impact data analysis to the agricultural sector;<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/thegiin.org\/assets\/Understanding%20Impact%20Performance_Financial%20Inclusion_webfile.pdf\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Understanding impact performance: financial inclusion investments<\/span><\/a><span style=\"font-weight: 400;\">  (pdf, 2020, 62 pages). A thematic insight and application of impact data analysis to the area of access to credit and financial instruments.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Achieving social impact is the goal of every European project: let&#8217;s find out how to measure it.<\/p>\n","protected":false},"author":8,"featured_media":30293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[731,2193],"tags":[2325,2321],"class_list":["post-22429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive-archive","category-archive-guides-and-tools","tag-how-to-methods-for","tag-tools"],"acf":[],"_links":{"self":[{"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/posts\/22429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/comments?post=22429"}],"version-history":[{"count":1,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/posts\/22429\/revisions"}],"predecessor-version":[{"id":33762,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/posts\/22429\/revisions\/33762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/media\/30293"}],"wp:attachment":[{"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/media?parent=22429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/categories?post=22429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/euknow.it\/en\/wp-json\/wp\/v2\/tags?post=22429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}