The purpose of the standards is to set out how the public sector employment principles, which are established in legislation, are to be applied in the
Government agencies around Australia are standing up to support the campaign to end violence against women today for White Ribbon Day.
ALL THINGS P: The federal government wants to know which open data would be most useful to business, researc
We recently moved our readers to a new system. You may need to reset your password here to login.
Not a member ? Join here for free.
Forgot your password?
Home Features Emma Tomkinson: how to show your workings on social investment
Text size :
TAGS Social impact bond
Social impact investing is delivering real public good. But one architect argues we’re doing the projects a disservice by publishing and pursuing misinformation.
Does knowing the cost of government provision of services encourage innovation and investment? According to the G8 Social Impact Investment Taskforce report — Impact Investment: The Invisible Heart of Markets — it does:
“Greater transparency about the fiscal value of achieving specific social outcomes would help enormously, by showing social innovators where opportunities exist to do better. We would like to see other governments consider doing something similar to the UK’s, which recently posted on the Cabinet Office website its cost of addressing some 640 priority social issues.”
The report contains eight examples (p16-17):
Receive unlimited access, get all the latest public sector news and features, plus The Juice, our daily news update sent direct to your inbox.
The Mandarin is where Australia's public sector leaders discuss their work and the issues faced within modern bureaucracy. Join today to discover the latest in public administration thinking and news from our dedicated reporters, current and former agency heads and senior executives.
Emma Tomkinson is a social impact analyst who has worked on social impact bond policy for the New South Wales and United Kingdom governments. She is also a social impact bond investor and a member of the advisory committee for the Global Value Exchange, an open-source database of values, outcomes and indicators.
Read Related Content
Social impact bonds are just a new form of privatisation, argues CPSU Victorian branch secretary Karen Batt. A "race to the bottom with low wages and casualisation" or a more targeted way to achieve results?
Pingback: Unit costs – what do they mean? | Emma Tomkinson()