We place value on the social investment made by organization
We measure the social value of organizations thanks to an innovative methodology that identifies, quantifies and monetizes the social value generated by the set of their stakeholders.
Why measure ISV?
- Discover the social impact generated by the organization and use it as a key tool for internal decision-making
- Have a versatile and innovative communication tool to interact with your stakeholders
- Quantify how and to what extent the stakeholders are being benefitted by the organization’s actions
- Identify new indicators for the internal management of the organization
- Respond to social trends that demand a greater degree of transparency and knowledge of the social impact of organizations
- Assess the effectiveness of actions carried out in terms of CSR
What does it measure?
SOCIAL IMPACT OF THE ECONOMIC ACTIVITY
- Direct or indirect economic impact generated by the economic activity in a territory
- Returns to public administration derived from the value created by the economic, social and environmental activity of the organization
SPECIFIC SOCIAL VALUE
- Value of the set of variables – social, environmental and organizational – identified by the stakeholders and specifically associated with the organization’s mission
INTEGRATED SOCIAL VALUE
- Quantification of the consolidated integrated social value
Why monetize Social Value?
Economic measures aren’t the only variable determining a company’s value. Integrated Social Value is the area of intersection where both mercantile companies and companies with a social economy have, to a greater or lesser degree, the shared objective of generating a positive impact on society and for their stakeholders.
How does it work?
PLANNING
IDENTIFICATION OF STAKEHOLDERS
IDENTIFICATION OF VARIABLES (INTERESTS)
REDEFINITION OF VALUE VARIABLES (INDICATOR-ORIENTED)
MONETIZATION OF OUTPUTS
CALCULATION AND VISUALIZATION OF THE CONSOLIDATED VALUE
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What is the methodology?
GEACOUNTING: GLOBAL ECONOMIC ACCOUNTING
The methodology used to calculate ISV was developed by Dr José Luis Retolaza (Deusto University). In partnership with other groups with an interest in social accounting, Dr Retolaza created GEAcounting, a non-profit economic interest group that seeks to promote the development and use of social accounting systems and methods that allow the visualization of the global value generated by organizations. In addition, the group also aims to gather, disseminate and interrelate know-how on the subject.
DEVELOPMENT OF THE METHODOLOGY
Academic institutions that support the ISV methodology:
Success stories and references
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Supplement with:
MEETFULNESS
Discover Meetfulness, a methodology designed by Lavola to activate and stimulate focus groups in processes including strategic brainstorming, creativity boosting and training.
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