Big Society Capital commits to transparency principles
Big Society Capital has published the steps it will take in an effort to make its operations and the wider social investment market more transparent.
Following a consultation into how the organisation could operate more transparently, the social investment finance institution has committed to publishing historical deal-level data up to September 2015 on the investments made into charities and social enterprises. It will continue to publish this data twice yearly.
BSC will also publish one page summaries of the characteristics and rationale of each investment it makes as soon as it is made, and publish its portfolio breakdown across geography and sector twice a year.
The organisation has also committed to discussions with Big Society Trust around publishing further information on their decision making.
An abridged version of its internal investment manual will be published, and BSC will develop tools to encourage transparency such as a transparency charter.
The institution will publish a list of market championing projects, and a summary of key governing principles and constraints derived from Big Society Capital’s governing documents.
Big Society Capital will develop a signposted annual report, and publish details on operational costs alongside it.