What?
The Social Rating for SME’s offers an insightful evaluation of a Financial Service Provider (FSP) to translate its mission into practical actions and achieve sustainable goals. This is accomplished through an independent assessment of the FSP sustainable performance.
Why?
The Social Rating for SME’s serves as a powerful management and reporting tool, providing the following benefits:
- Enhance social performance management and increase the likelihood of achieving sustainable results by identifying gaps and areas of improvement
- Align Sustainable Performance Management Systems with globally recognized standards
- Attract founders and investors with a double bottom line orientation, showcasing commitment to social and financial goals
- Strengthen institutional reputation, accountability, and transparency
Who?
All SME Financial Service Providers (FSP’s) engaged in financial inclusion with a double bottom-line, regardless of their legal status and size.
How it works?
Social Rating adheres fully to international sustainable performance standards outlined by renowned initiatives like the Social Performance Task Force and the Smart Campaign.
By integrating these standards, Social Rating provides:
| Externally validated implementation of Universal Standards for Social Performance Management | Highlights FSP‘s alignment with Client Protection Certification standards and indicates the level of effort required to address compliance gaps |
The Social Rating for SME’s assesses systems, processes, and results, with a specific focus on the following areas:
Process
Add-on Services
Financial service providers willing to further deepen the analysis of their social results or strengthen their social performance management can easily combine the social rating with other related services, such as:
