Fundesplai incorporates, for the second consecutive year, the innovative system of social accounting and transparency of the Integrated Social Value.
Fundesplai incorporates, for the second consecutive year, the innovative system of social accounting and transparency of the Integrated Social Value. Below you can see the documentary prepared by the City Council of El Prat on the work carried out by some of the main social and cooperative economy entities of the city and on the work of calculating the social impact they generate
This system, which combines economic variables with social and environmental variables, measures and monetises the positive impacts of the entity’s actions on society. The result of the whole year translates into different value ecosystems identified with the stakeholders with which Fundesplai relates.
Key aspects in this process are a multifaceted approach (identification of key stakeholders) and the establishment of indicators, both purely economic and quantification of the underlying value of the shares in the recipients, which allow the global monetisation of the results. In this way, a methodology is obtained that points towards social accounting.
From this point, the Social Value generated by the activities carried out is visualized and, therefore, the contribution made by Fundesplai to the improvement of the situation of the groups with which it relates.
In 2019, the Integrated Social Value of Fundesplai was € 89,930,441 and represented more than double the volume of economic operations. The Socio-emotional Value reached € 104,003,335, 11% more than in 2018.
Access here the summary of Fundesplai’s Integrated Social Values 2018.
| Origins of VSI in Fundesplai |
| Fundesplai implemented during 2019, hand in hand with the City Council of El Prat de Llobregat and with the advice of Lavola, member of GEAccounting, the Integrated Social Value Analysis Model (VSI), an ambitious transparency initiative promoted by a research group of the University of the Basque Country led by José Luís Retolaza, doctor in Economics and Business Administration. |