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
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