What is social performance measurement and why is it important for financial institutions?
The Social Performance Task Force defines social performance as: “The effective translation of an institution’s social mission into practice in line with accepted social values that relate to serving larger numbers of poor and excluded people; improving the quality and appropriateness of financial services; creating benefits for clients; and improving social responsibility of an MFI.
The Social Performance Task Force defines social performance as: “The effective translation of an institution’s social mission into practice in line with accepted social values that relate to serving larger numbers of poor and excluded people; improving the quality and appropriateness of financial services; creating benefits for clients; and improving social responsibility of an MFI.”
Related Questions
- Why does the IFC have a different set of environmental and social Performance Standards from the World Bank, and how do they differ from the World Bank safeguard policies?
- What is social performance measurement and why is it important for financial institutions?
- Why is it important for financial institutions to assess social performance?
