Business has an important role to play in driving true growth, but it cannot, and should not, do it alone. The Social Progress Index acts as a road map to guide policy makers and business leaders’ investment, collaboration and resourcing decisions.
The annual global Social Progress Index, as well as regional, municipal and community sub-national social progress indices, help organisations to engage with social progress. A Social Progress Index can identify the areas of social progress that they can best make an impact on. Actions may range from investment and social impact projects, to analysing which elements of risk to mitigate or investigate further.
The SPI is far more than rankings and statistics. The core of its mission is to understand what the data tells us and how we can act differently as a result in order to make an impact. The ‘INDEX to ACTION to IMPACT’ approach allows the SPI framework to be applied and measured.
Governments and business leaders across the globe are using the Social Progress Index to measure the issues relevant to the society in which they operate, applying the data to create innovative solutions:
As well as providing a global overview of social progress at a national level using the Social Progress Index, SPI’s comprehensive and flexible methodology can be used to provide tailored, granular insight into the performance of regions, cities and even communities.
Examples of sub-national indices:
These indices can identify the areas of social progress that need the most focus by a client, across any sector. Actions may range from investment and social impact projects, to analysing which elements of risk to mitigate or investigate further.
Local Social Progress Networks
The complexity of the big societal challenges demands collaboration. Private, public, and civil sectors must work together to drive social progress.
The Social Progress Index can act as a catalyst. At the national and local level, the Index’s results are bringing together business, government and civil society to find innovative solutions to societal challenges.
Deloitte is taking a key role, bringing together clients and stakeholders to influence the global debate on how we measure what matter most, holding client events that range from c-suite round-tables to workshops on SPI’s methodology.
Deloitte member firms are part of national Social Progress Networks in a number of countries. These organisations bring together non-profits, government bodies, multinational corporations, and academic institutions to address social progress at the national, regional or local level.
Using the Social Progress framework, parties from business, government and civil society are able to identify the best available and best suited, indicators, to measure local wellbeing, focusing on the things that truly matter to their community, city or region.
Having built a localised social progress index, the Social Progress Network can concentrate on using their ecosystem to target further research, promote awareness, engage additional collaborators, raise investment or deliver projects in the key areas of weakness highlighted by the Index.