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The Impact Evaluation Standard is fully transparent, all licensees get access to a full range of methodology, best practice and evidencing documentation. Core licensees can also request access to the proxy sources and exact information on how all proxies are calculated, including full transparency that backs up all calculations in all markets.

There are two versions of the Impact Evaluation Standard: a UK version directly aligned with UK legislation and a global version for those operating in various jurisdictions.

It is possible to utilise the Impact Evaluation Standard metrics to report only your social value in terms of outputs, i.e. the number of hours, number of £, etc. However, the full value of the framework is only derived when correctly applying the proxy values contained within the framework – proxy values are indicative financial measures of the social, economic and environmental impact your organisation has made. Although these are not exact £ values, using them enables you to value your social value in the same terms/language as pure financial value, i.e. a common reporting language that people understand, and also brings consistency to your reporting so that a comparison can be made between organisations, projects and contracts.

The Impact Evaluation Standard is directly aligned with the UK government’s Social Value Model, the UN SDGs and also maps to common ESG reporting frameworks.