31.01.2018 Views

Social Impact Investing

Social Impact Investing

Social Impact Investing

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

The Board for the CCEG was to include Professor Nick Petford, who was also the Vice-<br />

Chancellor at the University of Northampton.<br />

Following the establishment of the CCEG, Olinga Ta'eed was the keynote speaker at<br />

the Global Citizen Forum. In early 2015, it was announced that Seratio would be<br />

launched as a spin-off organization to control the licensing of the <strong>Social</strong> Earnings Ratio<br />

platform. Barbara Mellish would be the CEO of Seratio.<br />

By late 2015, the CCEG had over 37,500 members, including a number of key<br />

sustainability leaders. The UK Intellectual Property Office accepted the terms "<strong>Social</strong><br />

Earnings Ratio", "S/E Ratio" and "Seratio" as having "acquired a distinctive character as<br />

a result of the use made of it." Full Registration rights have been granted. This is an<br />

important milestone for the <strong>Social</strong> Earnings Ratio which will allow it to achieve parity to<br />

the Price Earnings Ratio.<br />

Serat.io was launched as a subsidiary project by the CCEG, for the measuring of<br />

personal value. Pre-launched at the Clipper Round the World Yacht Race in September<br />

2015, PV targets 1 million users. It is a campaign backed by celebrities such as the<br />

former First Lady Cherie Blair, broadcaster Jonathan Dimbleby, Italian footballer<br />

Gianluigi Buffon, politician Rt Hon Peter Hain, as well as the Desmond Tutu Foundation.<br />

Personal Value was formally launched in December 2015.<br />

Algorithm<br />

Total Value = Financial Value + Non-Financial Value = p/e + s/e<br />

Interpretation<br />

S/E Ratio is a financial metric that converts sentiment into financial value, and purports<br />

to be the currency of intangible values.<br />

The S/E utilises financial value data, claimed outcomes and independent verification<br />

within a Citizenship Framework. S/E provides digital articulation of value across micro,<br />

meso and macro levels. Regardless of the organisation or market that is measured, the<br />

same algorithm is used. In a similar way to comparative currency flow, it means that<br />

both simple and sophisticated correlations can easily be compared.<br />

The ratio was developed using a University collaboration, involving over 90 Universities<br />

globally. The framework examines the influences between the value formed at citizen,<br />

family, community, team, organisation, regional, national, and global levels. A principle<br />

rule is that S/E is never applied to negative actions. An example of this would be that<br />

slavery would never be measured directly, but it would be treated as a lack of freedom.<br />

Similarly, violence and safety levels wouldn't be measured, but the level of peace and<br />

its absence could be used in the framework.<br />

Some have compared its application similar to that of a digital non-financial currency.<br />

The framework utilises deep academic analysis tools, which are commonly used for<br />

Page 76 of 140

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!