Discover how to demonstrate the value of your social services and the good use of taxes.
The Social Return on Investment (SROI) constitutes a framework that allows to measure and quantify this concept, much broader, of value, from the aim of reducing inequality and environmental degradation, improving well-being by incorporating costs and economic benefits, but also social and environmental ones. It’s about value, not money.
Thus, the SROI measures change in ways that are relevant to the people or organizations that experience it or contribute to it, explaining how change is generated, and measuring social, environmental and economic results, based on monetary terms. The result translates into a cost-benefit ratio.
The SROI model on which we work is the one promoted by the SOCIAL VALUE UK. According to this modality, we can establish that in our daily action, our actions create and destroy value, since they produce changes in our environment. Although the value created may go far beyond what is measurable in monetary terms, this is usually the only type of measurable and quantifiable value.
The result is that things that can be bought and sold have a greater value than those that cannot be, leaving aside other important issues. From this perspective, the decisions we make may not be as appropriate as they could be since they are based on information that is not complete, which does not consider all its possible impact.
The SROI allows the story to be told about the change caused by public policies and / or social actions, helping decision-making.
The SROI is a powerful tool to evaluate and communicate the social value generated by social programs and initiatives, helping to explain to citizens how they are contributing to improving the communities in which they develop. It is essential in the current environment, where transparency and effectiveness are key to public work.
Cardedeu Legal Advocats us can help you:
- How to calculate and demonstrate the social return on your investments.
- How to improve your internal and external communication to clearly explain your work.
- How to make decisions based on specific data and results to improve your social environment.
We work with experts who will guide you on this exciting journey towards improving the management of your social programs and effective communication of your impact.