Benevity sets a new standard for social impact reporting with the launch of Benevity Impact Reports
June 18 2024 - 7:00AM
Benevity sets a new standard for social impact reporting with the
launch of Benevity Impact Reports
Benevity Inc., the leading global provider of social impact
software, today announced the launch of Benevity Impact Reports,
powered by Impact Genome. Leveraging Impact Genome Standard
outcomes data from an Impact Registry of 2.2 million programs,
Benevity Impact Reports augment Benevity’s suite of reporting tools
to provide in-depth reporting that translates employee giving and
volunteering data into tangible social outcomes. The reports set a
new bar for social impact reporting, with standardized,
outcomes-based data that does not require effort from nonprofits.
Benevity’s 2024 State of Corporate Purpose Report revealed that
89% of social impact leaders are now being asked to show how their
impact is measured and calculated. Benevity’s new Employee Giving
Impact Report and Employee Volunteering Impact Report allow
companies to gain a more fulsome view of their social impact by
augmenting traditional metrics such as the number of donations or
volunteer hours with Impact Genome outcomes such as the number of
people with access to an affordable meal or quality healthcare.
This gives business leaders the ability to demonstrate the value of
their programs with benchmarked, data-backed storytelling to
inspire their employees, communities and stakeholders and build
brand trust.
This is the first time social impact reporting can be done
without manual reporting effort from nonprofits – making it a
groundbreaking new model. The State of Corporate Purpose report
revealed that 92% of social impact leaders believe impact reporting
shouldn’t put a burden on nonprofits.
“The tight economic environment is forcing every business to
demonstrate value and return on investment. But the current
approach to social impact measurement is manual, inefficient and
lacks standardization,” said Kelly Schmitt, Benevity’s
Chief Executive Officer. “Through our partnership with
Impact Genome, we are bringing scale to an area of CSR that has
been ripe for disruption for decades – without putting the onus
onto nonprofits. With an increasingly purpose-driven workforce,
Benevity Impact Reports enable companies to show their employees
the real impact they are having for the first time.”
The Employee Giving and Employee Volunteering Impact Reports
include five individual reports that offer a breadth of insights
into employee programs:
- Impact Overview: Provides a view of the total
estimated outcomes employees have supported, including high-level
trends on top impact areas.
- United Nations Sustainable Development Goals (UN
SDGs): Shows how companies’ giving and volunteering
programs map to the UN SDGs.
- Geographical Impact: Insight into regional
impact of employee giving and volunteering.
- Beneficiaries: Provides a view of specific
populations that employees are supporting.
- Impact by Nonprofit and Outcomes Details:
Companies can access a listing of the nonprofit organizations that
employees supported along with a detailed explanation of the
outcomes to help them communicate impact internally and
externally.
“As companies double down on their social impact strategies, our
mission to enable businesses to report on these initiatives has
become even more critical,” said Jason Saul, CEO and Founder of
Impact Genome Registry. “Through our partnership with Benevity,
we’re empowering businesses to make giving and volunteering efforts
more clear and tangible for participants and nonprofits,
transforming social impact from a noble intention into quantifiable
progress."
“Using Impact Genome’s Impact Standard allows our team to
understand the impact that we are creating globally across our
employee giving and volunteering programs,” said Anthony Sanchez,
Vice President & Global Head, Community Impact at Moody’s
Foundation. “We knew that we were making an impact but didn't have
the tools to quantify dollars donated or hours volunteered. The
Registry allows us to report the impact of our programs and anchors
us to the outcomes that we achieve.”
For more information about Benevity, please visit
https://benevity.com.
About BenevityBenevity, a certified B
Corporation, is the leading global provider of social impact
software, providing the only integrated suite of community
investment and employee, customer and nonprofit engagement
solutions. Recognized as one of Fortune’s Impact 20, Benevity
offers cloud solutions that power purpose for many iconic brands in
ways that better attract, retain and engage today’s diverse
workforce, embed social action into their customer experiences and
positively impact their communities. With software that is
available in 22 languages, Benevity has processed more than $15
billion in donations and 79 million hours of volunteering time to
support 470,000 nonprofits worldwide. The company’s solutions have
also facilitated 1.3 million micro-actions and managed 845,000
grants worth $16 billion. For more information, visit
benevity.com.
About Impact GenomeThe Impact Genome Registry®
(IGR), is the world’s leading registry for standardizing and
verifying the social impact of nonprofits, corporations and
governments. Through over $5.2B represented in social spending and
over 2.2M programs, IGR has developed benchmarks like
cost-per-outcome, efficacy, outcomes achieved and more. The
Registry uses universal Impact Standards for outcomes, program
design, beneficiaries, context, and evidence quality to make impact
reporting simple and intuitive. This enables more reliable data,
benchmarking, independent verification, and reduced administrative
burden for nonprofits and will ultimately level the playing field
for all. Learn more at impactgenome.com.
Media Contact:Zamira Tasneem│Media &
Communications Manager│press@benevity.comImpact Genome Media &
Communications│news@impactgenome.org