Social earnings ratio
[2] Around 18 months later, the Centre for Citizenship, Enterprise and Governance (CCEG) was formed in April 2013, to act as the standards body to curate the ratio globally.
[3] In early 2015, it was announced that Seratio would be launched as a spin-off organization to control the licensing of the Social Earnings Ratio platform.
It is a campaign backed by celebrities such as the former First Lady Cherie Blair, broadcaster Jonathan Dimbleby, Italian footballer Gianluigi Buffon, politician Rt Hon Peter Hain, as well as the Desmond Tutu Foundation.
The framework examines the influences between the value formed at citizen, family, community, team, organisation, regional, national, and global levels.
[10][11] It could be argued that the history of SROI and the fact it was released in 2002, nine years prior to S/E, could indicate why it has a greater number of search engine results.
Equally, HACT claims to "have created the largest bank of methodologically consistent and robust social values ever produced.
Most recent comparing IIRC (International Integrated Reporting Council) to S/E, concluding "Together, the Framework and the S/E Ratio provide a powerful set of metrics and analysis for both founders and funders to evaluate value as well as strategic risk.
Perhaps we need a simpler tool such as the social earnings ratio, which doesn’t require lots of assumptions and is based on a one-size-fits-all approach.
"[17] The focus on the broad context of applications of S/E have drawn sometimes heated debate amongst the international academic and social innovation community in Italy,[18] Romania,[19] and Russia.
Criticism of the timeframes to calculate the data has been made, with many wondering how accurate statistics be drawn in such a short period of time.
Some S/E exponents embrace the disruptive metric tag arguing it as an instrument for change, others debate the moral and potential future implications.
There are a number of platforms discussing and organically developing S/E including a forum,[22] a micro-blog,[23] and an international journal in 8 languages, the Social Value & Intangibles Review.
[24] The S/E makes use of Big Data, Social Media and Sentiment Analysis to automate the algorithm on a SaaS platform, with results normally reported within 10 seconds.
S/E Ratio can be applied across all organisational, institutional, and personal levels, as well as projects, processes, products in private, public, third (NGO, voluntary, civil society), and community sectors.
S/E Ratio is the leading provider of metrics for delivery of public sector procurement under the UK Social Value Act 2012 legislation.
This can be calculated using very simple information (e.g. the CSR budget, the carbon reduction, and the number of people helped), and is meant to provide a single metric that can be used as a quick benchmark"[27] Seratio, the SaaS licensing arm of CCEG, announced that in Q1 2016 it will launch a Freedom metric to support the UK Modern Slavery Act 2015.
Due to the speed of S/E and its ability to translate empirical data from other metrics to an S/E score, it has harvested a significant[clarification needed] database of organisational values reported.
