During the UK’s G8 presidency, the UK Prime Minister hosted a G8 Social Impact Investment Forum in London in June 2013. As one of the outcomes of Forum, the OECD was asked to produce a report on the evolving Social Impact Investment (SII) market. Karl H Richter (Executive Director of EngagedX) was invited to join the OECD's Expert Group to inform the OECD in building the evidence base for the SII market.
EngagedX is delighted to have been featured as a case study in the OECD's report to the G8. This publication follows an overview paper on SII "New Investment Approaches for Addressing Social and Economic Challenges, published by the OECD in July 2014.
Introduction to the report
Social impact investment can provide new ways to more efficiently and effectively allocate public and private capital to address social and economic challenges at the global, national and local levels. While these innovative market-based approaches will not replace the core role of the public sector or the need for philanthropy, they can provide a potentially powerful means for leveraging existing capital.
This report provides a framework for assessing the social impact investment market and focuses on the need to build the evidence base, in particular for impact assessment compared to existing social service delivery models. The report highlights the importance of further international collaboration in developing global standards on definitions, data collection, impact measurement and evaluation of policies as well as experience sharing between players in the market. International organisations can play an important role in facilitating these collaborations as well as conducting further analysis and data collection.
(This page includes content from the OECD's website, read the original article here)