The Popular financial reporting as tool to measure social impact

The Popular Financial Reporting is an accountabilty tool that aims to present the activity of public administration with simplicity and transparency, facilitating communication paths with stakeholders (Biancone, Secinaro, 2016). The purpose of Popular financial reporting is to provide consolidated economic-financial data in a form that does not generate confusion or discouragement for non-professionals. Popular financial reporting (PFR), properly designed, can fulfill an important function in the dissemination of information, understood as making available to the public information for educational purposes. The CFR can stimulate stakeholders to be involved in budgetary deliberations. The CFR also contributes to the development of informed stakeholders and stakeholders The starting point is the analysis of the needs of the company's stakeholders, for the representation of the company's value and, consequently, of its social impact. Maiolini et al. (Maiolini et al., 2013) argue that "a social enterprise generates social impact because it involves property, management and multiple categories of stakeholders (from volunteers to financiers) in such a way as to foster important relations with local communities with which interact. " Stakeholders must be able to recognize and legitimize the impact deriving from the actions of social enterprises (Solari, 1997). Not only that: understanding the needs of the stakeholders is a key element in defining the ex-ante objectives and, consequently, in order to ensure consistency in terms of the impact of the activities carried out (Kail, Lumley, 2012). In this sense, "the social enterprise, given its inclusive and participatory nature, seems the most dedicated and devoted actor to the generation of positive and generalized social impacts" another graft present in the draft made takes into consideration the analysis BENEFITS COSTS create for public budgets Some international impact measurement tools are compatible with the logic of Popular Financial Reporting: • BACO ratio (Best Available Charitable Option) • Cost-Benefit Analysis (CBA) • Social Return On Investment (SROI) • Balanced Scorecard • Social Impact Assessment (SIA) • GRI Sustainability Reporting Framework • Randomized Controlled Trials (RCT) • Outcomes star • IRIS (Impact Reporting and Investment Standards) In the POPULAR, approaches to the creation of value can be inserted: • Logical framework approach (logframe): it is a 4 lines matrix (activities, outputs, objectives, impacts) and 4 columns (narrative description, objectively verifiable indicators, verification tools, assumptions) that allows to better represent the intervention or the project in all its phases and its components. • Outcomes chain / outcomes hierarchy / theory of change: Once the "chains" of actions leading to the impact have been described, we move on to the phase in which it is necessary to find indicators to measure it. At present, the indicators in terms of the social impact of Iris-The Giin are considered among the most complete, as they also consider the indicators of the Global Reporting Initiative relating to sustainability reports. The study intends to present, through the methodology of a case study, real and applicative as the Popular Financial Reporting is a tool for reporting the economic-financial-equity and social impact, responding to the needs of knowledge and transparency of stakeholders. The case study analyzed is a social cooperative, which works for the environmental sector, waste recycling, in the territory of Turin, Italy.