Pros and Cons of SIBs

Dilbag Singh Impact Measurement & Management, Social Impact

Social Impact Bonds (SIBs) are a new form of social-sector financing that have only recently emerged. These arrangements stipulate that private agents offer the principal investment in a social initiative and receive returns related to stated performance benchmarks. This presents an opportunity for the government to avoid footing the bill for expensive programs and for the private sector to support the social sector with the potential to profit.

Outcome Based Approach vs Output: How that Relates to Corecentra

Dilbag Singh Impact Measurement & Management

In modern Corporate Social Responsibility (CSR) and professional philanthropy, there is specific language—as with all sectors—used to describe its line of work. While some industry-specific vernacular is used to describe complex concepts, some of the jargon may unintentionally obscure meanings to the detriment of transparency. In the case of the words ‘outcome’ and ‘output,’ there is a clear distinction between the two terms that is not widely understood.

What Is Theory of Change?

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Theory of Change (TOC) is a method for planning, participation, and evaluation used to promote social change in organizations.
Created at the Aspen Institute Roundtable on Community Change in the 1990s and popularized by Carol Weiss, the term TOC outlines a series of desired and actual outcomes and linked rationales—all of which flow in chronological order.

Types of CSR

Dilbag Singh Impact Measurement & Management, Social Impact

The idea of modern businesses supporting social causes and giving back to their communities goes as far back as the era of Andrew Carnegie and John D. Rockefeller, wealthy philanthropists who donated more than $500 million to charities in their time. However, it wasn’t until 1953 that Howard Bowen coined the phrase “corporate social responsibility,” encouraging businesses to serve the needs of society.

What Is Theory of Change And How Can it Help Me Further My Organization’s Mission?

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Companies, investment managers, and nonprofits are under increasing pressure to improve their social & environmental impact. Doing so also means getting better at measuring and reporting their performance in a defensible, rigorous way.

These impact-related ‘pain points’ are strikingly similar across the public and private sectors and civil society but are sometimes expressed in different ways: