Join Ben Carpenter, CEO of SVI and Jenni Inglis, Co-Chair of the SVI Methodology Sub-Committee for the launch of the newly published Standard for Principle 8: Be Responsive.
About Principle 8:
Be Responsive: Optimise the impacts on wellbeing of all materially affected stakeholders through decision making that is timely and supported by appropriate accounting and reporting.
The eighth Principle of Social Value ‘Be Responsive’ is a management principle and represents the need for organisations to respond to impact measurement or ‘Social Value accounts’ with actions, and applying this standard will help you achieve your goals and contribute to a more sustainable and equitable world by enabling you to optimise impacts on wellbeing for all materially affected stakeholder groups.
Social Value International (SVI) believes that, in a world facing serious challenges in relation to inequality, climate change and wellbeing, organisations should be responsive to these challenges by purposefully making decisions that optimise the positive impact their activities have on the wellbeing of all materially affected stakeholders. This type of decision making increases an organisation’s accountability and its potential to create as much social value as possible.