Social enterprises are organizations that use business strategies to achieve a social or environmental impact. While generating revenues from the sale of goods and services, social enterprises also expressly intent to create positive outcomes, and measure their results. As the business grows, the social impact grows.
An impact measurement and reporting standard is a common way for Ontario Social Enterprises to understand and communicate the effects they have on society, community and the environment.
Ontario Social Enterprise Impact Measurement Task Force Action Plan released
As part of Ontario’s Social Enterprise Strategy, the Ministry of Economic Development and Growth (MEDG), working with the federal government, Ontario Trillium Foundation, impact measurement experts, social enterprise leaders and other funders and foundations, convened an Impact Measurement Task Force to develop an action plan for a standard approach to impact measurement and reporting by Ontario social enterprises. The Ministry secured KPMG to facilitate the development of the Task Force and Action Plan.
Laying the groundwork for a standard approach to impact measurement and reporting by Ontario social enterprises
- Center for Social Innovation (CSI)
- Conseil de la coopération de l’Ontario (CCO)
- PARO Centre for Women’s Enterprise (PARO)
- Pillar Nonprofit Network
Together we are convening Ontario Social Enterprises in conversation to answer 3 key questions:
- To what degree to Ontario SEs feel that the proposed Action Plan is appropriate?
- How much of the proposed solution could SEs implement today?
- What is needed to be more ready?
Join one of our four convenings. Convenings will include a brief presentation on the recommendations and two interactive exercises to help the Social Enterprise community understand the recommendations and to help us assess next steps related to the sustainable development goals.
Complete this short 20-minute survey [Click here]. The survey questions will tell you the key recommendations from the report (You don’t need to read the report first!) and ask questions about your organization so we can assess next steps related to the data platform, governance indicators and common process.