A powerful new online index that charts the growth and impact of social businesses has been launched. The RBS SE100* Index, run by Society Media in partnership with RBS Community Banking, has been created to enable social businesses to see how their growth and measurement of social impact compares to others’, track emerging markets, and gain knowledge of the sector they work in and their position within it. The index will be run until 2012.
Every month the Index will focus on a new sector or marketplace including: health, education, employment and training and finance. The five organisations with the highest annual turnover growth will be published on a dedicated website, alongside expert advice about measuring social impact and information about the winner. The RBS SE100 Index measures organisations based on three sets of information: who you are and what you do; financial information and social impact. Any organisation that delivers social, economic or environmental change can sign up for the index and nominations are also welcome. In March 2010 the top 100 highest growth organisations will be announced with awards totaling £50,000 given for three separate categories, including; the highest growth, the most effective measurement of social return and best new contribution in terms of either social impact or growth. Every month, the results of the index will be featured in Social Enterprise magazine.
To sign up your organisation or to nominate another, visit www.se100.co.uk