Social impact measurement can be important for communication with external stakeholders and investors. It is also highly valuable internally to inform evidence-based decision making and process improvements to strengthen scale and impacts.

Despite social impact reporting being an increasingly common requirement of funders, social procurers and investors, it is less common for these stakeholders to fund its measurement. Most Australian community sector organisations report that their impact (or outcomes) measurement is funded internally.

Without adequate resourcing and capabilities, social impact measurement risks becoming fragmented, disempowering and unsupportive of enterprises’ actual social missions.

Social enterprise impact measurement is complex because there is no single best approach. In addition to complexity, cost is another challenge for social impact measurement by social enterprises. For more detail read Theme 5 of the Discussion Paper.

Thought starters

Some questions to get you thinking. Respond to one or more of these, or add your own questions, reflections and insights relating to this theme in the space below. If you have more to say, consider making a full submission.

What are current examples of good practice in social impact measurement by social enterprise and what can we learn from these?

What sorts of resources or tools are needed to increase and improve social impact measurement and reporting by social enterprises in Victoria?

What role should the Victorian Government play in supporting effective social impact measurement by social enterprises and/or the impacts and characteristics of the sector as a whole?

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