Are you looking for assistance in Measuring Social Return on Investment (SROI)?
Measuring Impact developed by the WBCSD and World Bank is the answer.
We strategically support organizations in OIC countries to evaluate, validate and report on their social impact in relation to their social investments or social investments of their clients and partners.
As a UN approved supplier and consultancy, EMG team has native fluency in more than 20 languages, including all six official languages of the United Nations: Arabic, Chinese, English, French, Russian and Spanish. EMG’s project management and consulting teams are bespoke for each client, ensuring an excellent understanding of our client’s industry, culture and stakeholders.
Our services include:
- Assessing and measuring social return on investment (SROI)
- Identifying and mapping key stakeholders
- Identifying the scope of the social return on investment (SROI) process
- Building a strategy and program, based on standardized practice
- Measuring and accounting for the broader concept of the 3P’s (people, planet and profit), establishing impact and evidencing outcomes
- Calculating social return on investment (SROI)
- Reporting and communicating social return on investment (SROI)
The 5-phase approach is deployed resulting in clear and wholesome deliverables.
Phase 1 – DEFINING THE BOUNDARIES
In this initial, discovery phase the activities are focused toward determining the scope and depth of the overall assessment in terms of boundary.
- Identifying the objective(s) for the assessment
- Defining the geographic area of the assessment
- Defining stakeholders (including approach, segmentation, Storyboard exercise, etc…)
- Collect development context information for the assessment
- Select and define the activities to be assessed
Phase 2 – MEASURING DIRECT AND INDIRECT IMPACTS
Second phase will be focusing on measurements in the social investment context. Namely, identifying and measuring direct and indirect impacts, mapping out what is within the control and what can be influenced.
- Identifying the sources of impact for each activity
- Identifying relevant indicators for direct and indirect impacts
- Measurements pre- selected
Phase 3 – ASSESSING THE CONTRIBUTION TO DEVELOPMENT
Third phase will be looking to evaluate the footprint in the development context, namely by performing the assessment in regards to what type of impacts contribute to the development issues/priorities the most.
- Determining the level of stakeholder engagement
- Engaging with stakeholders to prioritize the development issues (ongoing)
- Building premise of the contribution to development
- Testing premises with various groups of stakeholders and refining the overall assessment (ongoing); building a picture (showing a logical progression) of how they see the project might have an effect
- Calculating and developing visualizations of prioritizing areas for action
- Delivering impact map with relevant indicators and (any) proxies
Phase 4 – PRIORITIZING MANAGEMENT FOCUS
Fourth phase will outline all the aspects which are helping make a better-informed decisions. The team will be extracting the key risks and opportunities relative to the societal impact and based on this, develop the management plan and response.
- Identifying new priority areas for action
- Applying Mutual value matrix and presenting the social return calculations
- Evaluating and taking into account other possible responses and preparing recommendations for management
- Deciding on way forward incl. development of plan
- Deploying specific indicators to monitor progress of specific activities
Phase 5 – DELIVERY OF THE DOCUMENTATION AND KNOWLEDGE BUILDING
Final Phase is focusing on capacity and knowledge building of the internal team so that the organization can manage the projects assessments and reporting on its own.
- Delivery of half a day executive training
- Delivery of documentation ( containing an outline of process for regular data collectio, a process for further training of staff to ensure knowledge and expertise is retained, overview of clear steps and timeline for the next Measuring Impact report, summary of the resources that will be required for ongoing Measuring Impact evaluation)
Also offering tailor made SROI / Measuring Impact trainings
Learnings and benefits for participants
Participants in SROI / Measuring Impact course will grow a much deeper understanding of the value of Social return on investment and sustainability programmes, allowing for better recognition of how organization creates social and environmental value, while building more financially sustainable business processes.
Through the training session, participants will be able to understand their program outcomes which reduce inequality, improve well-being and protect our environment sustainably, in unison with business practice and the experience of the people of the organization. Key learnings include:
- building a case for measuring social return on investment (SROI)
- identifying and mapping key stakeholders
- identifying the scope of the social return on investment (SROI) process
- building a strategy and program, based on standardized practice
- measuring and accounting for the broader concept of the 3P’s (people, planet and profit), establishing impact and evidencing outcomes
- understanding and calculating social return on investment (SROI)
- reporting and communicating social return on investment (SROI)
Across all sectors around the world, many organisations are building the necessary skills to measure and present social return on investment (SROI). Such oranisations are looking to inclusively demonstrate the added social, economic and environmental value of their operations, in order to meaningfully and effectively communicate to their stakeholders, increase investments and build a better understanding of their positive integration into society.
Who should participate?
People who want to measure and analyse the social, environmental, and economic value being generated by their organizational activities or by the activities they are funding or working on in partnership.
This social return on investment (SROI) training has been designed specifically for the broad range of organisations across the world; for third, public and private sectors and is relevant to start-ups and to established organisations, large or small.
This course is aimed at those in leadership roles in a business; directors, supervisors, and managers. It would be especially useful to those with direct responsibility for a company’s sustainability implementation and reporting, as well as those who are looking to increase their organisation’s profile, competitiveness and profitability through CSR.
Measuring social return on investment
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