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What are the Principles of Social Value
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The Principles of Social Value provide the basic building blocks for anyone who wants to make decisions that take a wider definition of value into account, in order to increase equality, improve wellbeing and increase environmental sustainability. • They are generally accepted social accounting principles and are important for accountability and optimising social value. • The Principles are not individually remarkable but when they are applied collectively, they have the power to dramatically improve how we make decisions to optimise impacts. • The Principles have been drawn from principles underlying social accounting and audit, sustainability reporting, cost benefit analysis, financial accounting, and evaluation practice. • The Principles of Social Value can be distinguished from other approaches by the need to actively involve those stakeholders affected by activities, so their experiences are respected and their voices influence decisions and support organisations to optimise their value. • An account of social value is a story about the changes experienced by people. It includes qualitative, quantitative and comparative information, and also includes environmental changes in relation to how they affect people’s lives. • More information: https://www.socialvalueint.org/princi... • #principlesofsocialvalue #socialvalue #socialvaluematters
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