Social Capital Externality Valuation (SCX )
GIST Advisory's tailor-made product assesses the impact of a CSO activity (i.e. "SCX™", which is part of our "GIST 360°™" suite of reviews and reports) and has the following advantages
- CSO's become more attractive to donors as impact assessments are an effective reporting tool, particularly since social investors are interested in the change that their investments create. This will also improve the transparency of CSO activities, which will boost trust levels
- In jurisdictions such as India (which has legislated a '2% of profit' annual CSR spend) CSO's can seek corporate investment in their activities through eligible CSR programs that comply with these regulations
- CSO's will have a tool that can be used to monitor their impacts annually, which helps benchmark progress and assess goal attainment.
GIST Advisory's SCX™ Model is designed to help monitor and evaluate the results of a CSO's activities by identifying, measuring, and (where appropriate) monetizing changes in social capital (using surrogates, indicators, and valuation methodologies) between 'status quo' and post-intervention scenarios.
10 Reasons why our SCX™ model is a superior form of evaluation:
- It provides bespoke assessments for all activities, deriving benchmarks which are locally and contextually relevant.
- Our analysis is participatory and helps enrich the (development) objectives of a project or program being evaluated and also provides learning opportunities for CSO's.
- Our analysis is carried out over a full reporting cycle, and can be used as a reporting/monitoring toolkit, going beyond one-off evaluations to a proper 'MIS'.
- It implements a methodology and software operated by clients themselves to measure their impacts on an ongoing basis, with future interaction with GIST Advisory only as an 'auditor' of annual self-assessments
- It provides guidelines for improvement, identifying ways to conduct more robust SCX™ analyses by advising on future data requirements.
- It decreases selection bias in data, hence improving accuracy in impact assessment.
- It is a dynamic model which builds time trends, allowing for better future forecasting of outcomes and impacts.
- Analysis has both qualitative and quantitative inputs, outcomes and impacts by assessing impacts across typically 3 to 5 indicators including but not limited to SROI (Social Return on Investment).
- Captures the social value in terms of improvement of personal and household utility (i.e. quality of life).
- Represents best of breed international standards of impact assessment.