The past decade has seen a surge in interest in measuring the wider social impacts and social value that organisations create. This movement has been global involving the public sector as well as the private and not-for-profit sectors. Increasingly, new legislation is being introduced that mandates organisations to account for and measure their social value impact. The UK is taking a leading role in social value through The Social Value Act (2012, 2018) and the creation of best-practice guidance on social value measurement in the latest edition of the HM Treasury Green Book (2018).
There is a critical need for best-practice methodology, training, professional standards, and accreditation in social value to ensure that research and work in this area is of high scientific standards and so that practitioners have the tools and skills to measure social value robustly, ensuring that decision-making and investment is informed by the best-possible evidence.
To this end the London School of Economics and Political Science, is coming together with Simetrica-Jacobs to form The Centre of Excellence in Social Value, the world’s leading institution on social value measurement.