There is plenty of research which argues that, overall, education leads to better outcomes for individuals and society. However, accounting for the specific social, economic and environmental outcomes from an investment in education remains a challenge, not only for governments, but also for any organisation which runs or invests in education programmes or initiatives. Without this information, it is difficult to make choices between different ways in which these outcomes can be achieved, and how best to design and deliver education activities.The objective of this paper is to review some of the available research and provide guidance on how it can be used.
Document Type: Discussion Piece
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Quantifying the Impact of Investment in Education
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A Discussion Document on the Valuation of Social Outcomes
There is growing recognition and interest in the valuation of social outcomes, and Social Value International (SVI) and the World Business Council for Sustainable Development (WBCSD) convened a meeting of experts to further the debate. This document is the result of the result of the meeting in September 2015 that took place in the Bellagio Center on Lake Como in Italy, and was sponsored by the Rockefeller Foundation. The meeting brought together 22 individuals from a range of sectors and countries to discuss the variety of valuation techniques, their relationship to one another, and how they can be mapped and brought together with clearer guidance. This report is the result of the global meeting, and is designed to garner cross-sector discussion and alignment – with a particular focus on the assigning of monetary values to social outcomes. We hope you enjoy the document, that it adds to the ongoing debate and discussion around these important issues.
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Are we accounting for value? A discussion document
Are the basic accounting principles that have developed over hundreds of years still fit for purpose? Jeremy Nicholls of the Social Value International and Social Value UK argues that they could be reshaped to be more relevant to the global economy. Accounting for value is a discussion piece.