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Introduction of Social Performance Incentive

Social Performance Incentive is a project for measuring performances by social enterprises in terms of monetary values and compensating appropriately. Social Performance Incentive evolved from the concept of Social Progress Credit (SPC). SPC is an incentive based on social values. If we can establish a system for measuring and compensating performances of social enterprises in our society, it will be possible to activate an ecosystem of social enterprises through influx of investment and outstanding competent personnel.

Social Progress Credit

Compensation provided according to the performances in solving social issues

(자세한 내용 하단 참조)

Establishment of a virtuous cycle and Ecosystem of social enterprises

  • Innovation through incentives
  • Activation of business startups through influx of investment / competent personnel
  • Enhance the possibility of success for social enterprises

Operating principle of Social Performance Incentive

  • Measurement of social values

    • Acknowledgement of social values
    • Decision-making for improvement/growth
  • Monetary incentives

    • Enhance the possibility of survival
    • Growth of social enterprises.
    • Enhancement of investment appeals

Advantages of Social Performance Incentive

  • Advantages of self-measurement

    Possible to understand where the values of our business are being created

    Possible to identify issues that can be improved on our own

    Possible to manage data

  • Advantages of measuring monetary value

    Possible to make comparison

    Reliability of repetitive measurement/person taking measurement

    Ease of communication

    Can be utilized as management index

    Ease of performance/cost-based resources distribution

    Provision of information on impact to aid decision making on investment