Social Impact Measurement (SIM)

Enabling the standardization of measuring the social impact of investments and grants

About

The UN Sustainable Development Goals (SDGs) cannot be achieved by 2030, unless there are improved technical mechanisms for collaboration and coordination, including teamwork, learning and sharing, intelligence gathering and accelerating knowledge and scientific breakthroughs. The lack of comparable social impact measurement systems is a major roadblock for unifying activities, investments and analysis of progress towards the UN SDGs.

The goal of this activity is a citation system for data, algorithms and data usage. Funders whether private, public, philanthropic or for-profit can blend their funds into appropriate projects that do not spread harms. To facilitate this, we aim to track project inputs and outputs more transparently, in ways that can be audited, with focus especially on projects with sustainable outcomes. We recognize that it is the information made available for analysis and audit on an evolving basis that is critical to achieve this goal.
 

Expected Outcomes

SIM will provide an open, neutral environment for interested parties to collaborate and deliver the following outcomes:

  • A nomenclature approach to data and algorithms that enables interoperability between different impact ecosystems and allows rigorous citation of sources.
  • A case-law tracking approach to data usage, with "use-case" precedents cited as in law precedents.
  • A "due-diligence" approach for verifying the content of structured data sets with the unstructured online sources like the dark web, social media and others.

 The ICSIM citation system we propose has 2 parts:

  1. HyperCatalog for Data and Algorithms
  2. Categorized list of usage principles for the application of algorithms to data.

A citation system for these critical areas enables open review, discussion and critique.
 

Get Involved

We invite stakeholders to share their expertise in this Activity and welcome all individuals and representatives of organizations, such as:

  • Social investing platform operators
  • International agencies, e.g., ITU, World Bank
  • Government and government-related entities and agencies
  • Technology corporations
  • Relevant academic research and educational institutions
  • Foundations and non-governmental organizations (NGOs)
  • Financial Institutions
  • Think tanks
  • Grantors and investors
     

How to Participate

To join SIM, please express your interest by sending an inquiry to any of the following:

Resources