How can organisations measure impact effectively?

How sustainable or effective are run-off-the-mill CSR initiatives in delivering social / environmental impact? Is anyone measuring or quantifying these activities? How can corporations standardise and efficiently report impact? Social Return on Investment (SROI) is a method for measuring and communicating a broad concept of value that incorporates social, environmental and economic impacts. It is a way of accounting for the value created by our activities and the contributions that made that activity possible.Can corporations now quantify impact into tangible economic values to boards and stakeholders?See omnystudio.com/listener for privacy information.