Measuring social performance is difficult but essential whilst assessing a company's financial performance is straightforward, judging its social impact presents more of a challenge, says oliver balch. Social performance is defined as “the effective translation of an institution’s mission into practice in line with accepted social values” in other words, social performance is about making an organization's social mission a reality, whatever that mission is.
Social performance data keeps the focus on clients mix is dedicated to bringing social performance management to the forefront of the financial inclusion industry we focus on indicators that are clearly and directly linked to results, have quality that can be tested and benchmarked, and can be easily validated by third parties. First coined by business responsibility guru john elkington back in the late 90s, 3bl (for real insiders) captures the balance between companies' social, economic and environmental performance therein lies true sustainability, it's said – people, planet and profit, all in perfect unity.
Oikocredit’s 2011 social performance report close to 500 microfinance institutions around the world have reported social performance data to private microfinance investor oikocredit it is one of the most comprehensive social databases among microfinance investors.
Social performance management systems differ from other hr automation systems in a fundamental way: since most employees already use social media voluntarily—to share photos, keep up with family and friends, or express their likes and dislikes—using an spm system feels different to them. The master class is designed for both practitioners and corporate managers who wish to understand this new paradigm of describing, understanding and implementing a system built around the 'social performance' of a company or a project. Social performance management (spm) refers to the systems that organizations use to achieve their stated social goals and put customers at the center of strategy and operations a provider's social performance refers to its effectiveness in achieving its stated social goals and creating value for clients.
Social issues of stakeholders is the last element of corporate social performance analysis this part of the model explains the specific topics that a business must consider with the first two dimensions of responsiveness and social responsibility categories. Our approach to social performance is based on understanding and minimising the potential impacts of our activities on communities and managing social risks to the business we seek to respect human rights, engage meaningfully with stakeholders and make a positive difference to the social and economic development of the areas in which we operate. The sptf is a global membership organization that works to advance social performance management (spm) - a management style that puts clients at the center of every decision more about sptf events.