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The Bodossaki Foundation

The Bodossaki Foundation

Member: NGO Premium
Since: 01.09.2006

5, Vasileos Georgiou II street,, GR-106 74 Athens, Greece
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“Measuring social impact for effective social investments” conference in Athens sheds light to some of the best practices in measuring social change

13.12.2016 Share

“Measuring social impact for effective social investments” conference in Athens sheds light to some of the best practices in measuring social change
 
The European Investment Bank Institute, in partnership with the Bodossaki Foundation of Greece, hosted a conference in Athens, on Friday 9 December 2016, aiming to inform, raise awareness and encourage exchange of best practices on measuring social impact, as a prerequisite for effectively investing in social causes and achieving social change.

This event brought together practitioners from the third sector in Greece, such as NGOs, social enterprises and public benefit foundations, as well as representatives from the public and the private sector, in a unique common framework of discussions and exchanges, which raised the importance of assessing social value, as a prerequisite towards investing in social causes and achieving social change. 

During his welcome address, Sotiris Laganopoulos, Programme Director at the Bodossaki Foundation, said: “The ability to measure, monitor and communicate social impact has the potential to bring many benefits to the social sphere. It can help us, as companies and organisations, to maintain and improve the quality of our activities and services. It can also promote transparency and accountability, which in turn helps to us engage supporters and build public confidence in our work”.

Francisco de Paula Coelho, Dean of the EIB Institute, said: “The EIB Group – the EIB and the European Investment Fund (EIF)- has a long standing record in social impact investment both within and outside the European Union. We finance investment projects and we focus on their concrete results, on what they will bring to citizens. We strive to be effective and accountable. It was therefore natural for the Institute to be a partner in this event.''

Keynote speaker Jeremy Nicholls, CEO of Social Value UK and Social Value International, raised the importance of social impact measurement and stated the following: "All too often key decisions about resources and policies are made using a limited economic concept of value, which fails to consider important effects on people and the environment. As the gap between rich and poor increases, resources dwindle and the effects of climate change become more apparent, the need to focus on social value has never been more urgent. The solution for this is a world where decision making, practices and resource allocation are based on the principles of accounting for value and stakeholder focused impact measurement. This will lead to increased equality and well-being and reduced environmental degradation."

Keynote speaker Bjoern Struewer, Founder & CEO of Roots of Impact GmbH, raised the importance of social investment as a tool for sustainable development. According to him, “Explicitly measuring and managing the positive impact on beneficiaries, customers or whole society is the only means by which a social investor can seek to track and optimise the impact of their portfolio. Managing impact is what differentiates social investment from standard investment”.

Background information: 
This event is co-funded by the European Investment Bank Institute and by Iceland, Liechtenstein and Norway under the EEA Grants Greek NGO Programme “We are all Citizens”. The Bodossaki Foundation is the Fund Operator of this Programme. 

About the EIB Institute: 
The EIB Institute was set up within the EIB Group (European Investment Bank and European Investment Fund) to promote initiatives for the common good in Europe, mostly in EU Member States.  This includes reducing inequalities, enhancing knowledge, innovation and competitiveness and ensuring cohesion throughout Europe. Learn more:  http://institute.eib.org/

About the EEA Grants: 
Through the EEA Grants and Norway Grants, Iceland, Liechtenstein and Norway contribute to reducing social and economic disparities and to strengthening bilateral relations with the beneficiary countries in Europe. The three countries cooperate closely with the EU through the Agreement on the European Economic Area (EEA). For the period 2009-14, the EEA Grants and Norway Grants amount to €1.79 billion. Norway contributes around 97% of the total funding. Grants are available for NGOs, research and academic institutions, and the public and private sectors in the 12 newest EU member states, Greece, Portugal and Spain. There is broad cooperation with donor state entities, and activities may be implemented until 2016. Key areas of support are environmental protection and climate change, research and scholarships, civil society, health and children, gender equality, justice and cultural heritage. Learn more: http://eeagrants.org/  

About the Bodossaki Foundation:
The Bodossaki Foundation is the Fund Operator of the NGO Programme named “We are all Citizens” in Greece. The Bodossaki Foundation is one of the largest privately owned public-benefit organizations in Greece. It was established in 1973, by Prodromos Bodossakis – Athanassiades, who decided to donate his entire fortune in order to promote the provision of health care, equality of opportunity, education, scientific progress and environmental protection. The Foundation also supports the work of NGOs that treat socially vulnerable groups. The Bodossaki Foundation has a deep knowledge of the non-profit sector in Greece and has managed since its inception more than €400m that have been spent placing a great emphasis on decreasing inequality of opportunity, on contributing to the education of young people, on improving medical and research infrastructure and on promoting environmental protection. Learn more: http://www.bodossaki.gr/

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