Disclosure of Annual Impact Report by all Social Enterprises which have registered or raised funds using SSE

Submission Requirement:

  1. SEs must provide an audited Annual Impact Report (AIR) to SSE within 90 days of the Financial Year's end. This report is required to be audited by the Social Auditor.

Content of AIR:

  1. The report should capture both Qualitative and Quantitative aspects of social impact, including the impact of projects or solutions for which SSE funds were raised.

NPO Reporting:

For NPOs without listed securities, the AIR must cover significant activities, interventions, programs, or projects, with an explanation of the methodology for determining significance. In case of listed securities, the Organization is required to report of the activities or project(s) for which money is raised.

The Report shall provide the following minimum information:

I. STRATEGIC INTENT AND PLANNING:

  1. Social/Environmental Challenge: Clearly define the addressed challenge, with updates on changes in the past year.
  2. Organizational Response: Describe how the organization is tackling or planning to address the challenge, with any changes noted.
  3. Target Segment: Identify who is impacted (target segment) and any changes in the past year.
  4. Outcomes: Detail anticipated outcomes, both positive and potential unintended negative consequences.

II. Approach:

  1. Baseline Status: Provide a status/situation analysis at the start and end of the reporting period.
  2. Performance Trend: Highlight past performance trends.
  3. Implementation Plan: Outline the solution's implementation plan and measures for sustainability, noting any material changes in the past year.
  4. Alignment with SDGs: Briefly explain alignment with Sustainable Development Goals (SDGs)/national/state priorities.
  5. Stakeholder Feedback: Detail how stakeholder feedback has been considered in the reporting period.
  6. Risk Mitigation: Discuss the biggest risks faced in the last year and the strategies in place for mitigation.

III. Impact Score Card:

  1. Metrics and Trends: Explain the trend in performance data across output, outcome, and impact metrics. Metrics will cover the reach, depth, and inclusiveness of impact on target stakeholders.
  2. Reach Metrics:
    • Proportion reached in the reporting period.
    • Proportion accepting the organization's solution.
    • Accomplished part of the planned activity.
    • Cumulative reach since inception.
    • Other relevant metrics, such as monthly active users for tech solutions.
  3. Depth Metrics: Impact on the median individual's quality of life. Surveys with respondent options. Comparison with case studies of different depth organizations.
  4. Inclusion Metrics: Net increase in income levels (Low, Medium, High). Diversity and inclusion efforts. Social equity improvements.
  5. Highlights and Achievements: Mention key highlights, achievements, challenges, and disappointments faced during the reporting period.

IV. Beneficiaries Validation

Capturing stakeholder perspectives is crucial for a comprehensive understanding of program impact and change. Stakeholder voices serve as a valuable tool to validate impact claims, ensuring accuracy and preventing overstatement. The validation process addresses key questions:

  • What would have occurred without this program?
  • To what extent did the program contribute to observed changes?
  • Were there unintended negative impacts resulting from the program?