Valuing the Social Impact of Social Entrepreneurship

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There are a large number of initiatives aimed at enhancing the social impact: monetisation, SROI, KPI, etc. However, these methods are not necessarily developed with, or even less by, the stakeholders of the community-oriented economy (COE). They aim to meet specific expectations and give very little consideration to the effects generated by COE practices on their social impact. In the context of VISES, it therefore consists of drawing inspiration from and capitalising on existing methods, while paving the way for a new start. The project partners have therefore chosen to launch a cross-border process of action research in order to build a social impact valuation system. This system, conceived within the project, is co-built by the partners in an informed manner. The partners exchange ideas on the basis of their expertise as researchers, networks, federations, or financiers and on the basis of state-of-the-art theoretical and practical terms. This first phase of the action research allowed us to develop a legitimate and relevant system in the eyes of a wide range of stakeholders of the COE. However, we must compare the system developed to the reality in the field. To do this, the system is tested with 69 companies from the COE. By experimenting with the system, they also enter into action research. Developing a system adapted to the plurality of the COE on both sides of the border sends out a positive signal in terms of its ambition and European scope.

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