The Impact Evaluation Standard is used to measure and report on social value by wide range of organisations, including public sector bodies such as NHS Property Services and large private sector suppliers such as Kier construction.
The framework is used to report into over 32 + contracting authorities and government departments.
The Impact Evaluation Standard sets out a common list of metrics, proxy values and guidance documentation to assist public and private sector organisations in estimating and understanding the social value they are generating.
It is, in essence, a common list of activities that organisations undertake which have a significant social, economic or environmental impact on their communities. The framework provides guidance on how to value and assess the social impact of all common types of these activities.
As the Impact Evaluation Standard embraces modern ways of measurement and reporting it helps organisations differentiate themselves and bring robust innovation in the quantitative and qualitative assessment of social impact and value.