Two of the most established and respected social impact organisations are joining forces to create the largest international social value network in the world.
Social Value International is the result of a merger between the international activities of The SROI Network and the Social Impact Analysts Association (SIAA).
The SROI Network in the UK will become Social Value UK and the SIAA will become Social Value International. Both the international and UK organisations will continue to be member-led and to offer training, accreditation and assurance on SROI and impact measurement.
Social Value International will provide a clear and unified message about the importance of accounting for value, within and beyond its membership. It will have more than 900 individual and organisational members, across 49 countries.
The restructuring makes Social Value International the largest international network representing those working to better understand, account for, measure, analyse, and manage the wider value created and destroyed by organisational activity.
Jeremy Nicholls, CEO of The SROI Network and Chair of the SIAA, will remain as CEO of Social Value UK and also take on the role of CEO of Social Value International.
Nicholls said: “Bringing our two networks together is a natural step that puts us in a far stronger position to achieve our shared mission – to change the way society accounts for value.
“In forging Social Value International, we are creating an international force for change that brings increased knowledge and resources to our members and to all those who want to see a world where decision making, ways of working and how we allocate resources lead to increased equality and well-being and reduced environmental degradation.
“We have created a clear set of principles which will lead to the inclusion of social, environmental and economic value in decision making across different organisations and sectors, and we will develop guidance and tools to put these into practice.
“We will develop our already strong network of like-minded people across government, civil society, business and education, and build a movement to change the way society accounts for value.”
Richard Kennedy, Chair of The SROI Network, said: “I look forward to the day when the future of impact reporting is as well accepted as the way we account for financial value. The creation of Social Value International and Social Value UK is a significant step forward in our efforts to achieve this aim.
“It’s important to add that both organisations will continue to be led by their members, whilst also offering a key set of services including assurance, SROI practitioner training and accreditation, alongside impact measurement training and our ongoing delivery of webinars, events and conferences.”
Ruth Whateley, Manager of the SIAA said: “The opportunity for our two networks to combine international activities is invaluable. I am thrilled to be working with such a talented and committed group of members to build strong and influential national networks worldwide.”
Social Value International will have constituted national network members and The SROI Network in the UK, as Social Value UK, will become one of those members.
The SIAA’s existing Country Impact Groups will have the opportunity to become constituted national network members of Social Value International and have a role in the governance of the international network.
Tris Lumley, Trustee of the SIAA, said: “At this crucial stage in the development of the social impact field, I’m delighted that two such important networks are coming together to speak with one voice. As a field we need common principles, clarity on approaches, and shared learning. This development will help us get there much faster.”