I am keenly interested in learning about measurement and reporting of social impact. So, when I came across Tena’s profile on LinkedIn I instantly sent her a message to connect through a Live Hangout. Tena is a social impact consultant for NGOs, social enterprises and corporates and is the CEO of the The Sustainability Platform.
In this Hangout I asked her about practices of reporting social impact globally especially by big businesses as well as small social enterprises, some interesting projects she has carried out for her clients and her views on role of women in social entrepreneurship.
Some Tidbits from Tena:
Measuring your social impact is very challenging especially for a young, small organization
Larger companies and larger CSR departments will use GRI (Global Reporting Initiative) mostly as the standard, for smaller social enterprises that is probably too big of an exercise
Unfortunately globally there isn’t a consensus of what we should measure and how we should measure it
We vote with our wallets so its up to us as consumers to insist on socially conscious businesses and to insist on transparent reporting
For us when we do social impact reporting, the biggest moment or joy for us is when companies use that reporting to access funding that was previously unavailable to them
When you can turn those numbers into actual life stories, there’s a beautiful moment where proper social enterprise magic happens
India for us is basically a second home and the most interesting place to do any social impact related work
Women are very very interested in the concept of social entrepreneurship
Unfortunately just like with any other sector in the world, you have a lot of female entrepreneurs but you don’t have a lot of female entrepreneurs who get funding and to reach that higher scale
Now every big corporation wants to talk about social impact, about how do we measure social impact, how can we invest in social enterprises
Here is the full Hangout: