Expanding Social Return
PCV invests capital and non-financial resources in businesses that have the potential to bring economic gains to LMI communities in California, and seeks both financial and social returns on its investments. PCV believes that clear, ongoing measurement is critical to articulating the impact of its work.
Since there are no “industry standards” for measuring and reporting on social return, PCV has developed its own standards and methodology for measuring the impact of its double bottom-line investments. PCV has been working with BTW to design an approach for social return measurement and interpretation. Together, PCV and BTW developed social outcomes and indicators to measure a range of areas. Data for measuring relevant indicators are systematically gathered through annual employer interviews and from quarterly employment reports. See the executive summary of their comprehensive assessment here.