Social return on investment: application for an Indigenous rangelands context

2019 ◽  
Vol 41 (3) ◽  
pp. 177
Author(s):  
Leah Feuerherdt ◽  
Stuart Peevor ◽  
Michael Clinch ◽  
Tim Moore
Keyword(s):  
Return On Investment ◽  
Local Community ◽  
Costs And Benefits ◽  
Net Benefit ◽  
Community Members ◽  
Program Outcomes ◽  
Cultural Impacts ◽  
Social Return On Investment ◽  
Social Environmental ◽  
The Impact

Social Return on Investment (SROI) is an internationally recognised methodology used to measure and value the economic impact of program outcomes. Like a traditional cost-benefit analysis, SROI examines economic outcomes, but also includes the social, environmental and cultural outcomes created by the investment. These outcomes are evaluated against their cost, using financial proxies to estimate their relative economic worth. SROI is particularly valuable in the indigenous natural resource management context, because of the strong ‘value’ or importance of non-economic (particularly cultural) costs and benefits. The Alinytjara Wilurara Natural Resources Management Board undertook a study of the economic, social, environmental and cultural impacts and benefits of the presence of large feral herbivores in the Anangu Pitjantjatjara Yankunytjatjara (APY) Lands, in the far north-west of South Australia. Camels, donkeys and horses present significant impacts for the community in terms of vehicle collisions, community health, damage to infrastructure and water pollution, as well as impacts on sites of cultural and spiritual significance to the local communities. With the annual cost impacts incurred by society caused by large feral herbivores in the APY lands valued at $4.2million and possible dollar value of those animals valued at $140000, the study found that there was a net cost impact of ~$4million from not managing the impact of these animals. The study also found significant cultural impacts of large feral herbivores, such as the fouling of natural springs and other culturally sensitive sites, and further analysis would be required to determine the economic cost of these impacts. Investment models that consider a broad range of costs and benefits are considered necessary for Australian rangelands, particularly Indigenous-owned land. This paper presents a case study of the development of a ranger program that employs local community members to manage the impacts of large feral herbivores that will provide a net benefit to society of ~$3million every year, aside from the additional benefits of employment and economic participation. The $3-million net benefit accrues from saving human lives and costs associated with vehicle accidents, and reduced management costs and increased income for pastoral areas of the APY Lands. APY community members, and the APY Pastoral business are core beneficiaries; however, there are several external beneficiaries that this SROI approach recognises including the Motor Accident Commission, Health Departments and South Australian Police. The strongly positive SROI in this case presents an excellent co-investment opportunity for agencies whose core focus is on road safety and health. Importantly, the SROI approach to creation of social value can be implemented in a way that is consistent with stated community aspirations for development.

scholarly journals Adding value to the use of Health Impact Assessment and social return on investment technologies

2020 ◽  
Vol 30 (Supplement_5) ◽  
Author(s):  
L Green ◽  
K Ashton ◽  
M Dyakova ◽  
L Parry-Williams
Keyword(s):  
Impact Assessment ◽  
Return On Investment ◽  
Health Impact Assessment ◽  
Grey Literature ◽  
Health Impact ◽  
Social Value ◽  
Decision Makers ◽  
Structured Interviews ◽  
Social Return On Investment ◽  
The Impact

Abstract Health Impact Assessment (HIA) and Social Return on Investment (SROI) are beneficial public health methodologies that assess potential effects on health including social, economic and environmental factors and have synergies in their approaches. This paper explores how HIA and SROI can complement each other to capture and account for the impact and social value of an assessed intervention or policy. A scoping review of academic and grey literature was undertaken to identify case studies published between January 1996 and April 2019 where HIA and SROI methods have been used to complement each other. Semi-structured interviews were carried out with nine international experts from a range of regulatory/legislative contexts to gain a better understanding of past experiences and expertise of both HIA and SROI. A thematic analysis was undertaken on the data collected. The review identified two published reports which outline when HIA and SROI have both been used to assess the same intervention. Interview results suggest that both methods have strengths as standalone processes i.e. HIAs are well-structured in their approach, assessing health in its broadest context and SROI can add value by monetizing social value as well as capturing social/environmental impact. Similarities of the two methods were identified i.e. a strong emphasis on stakeholder engagement and common shared principles. When questioned how the two methods could complement each other in practice, the results indicate the benefits of using HIA to explore initial impact, and as a platform on which to build SROI to monetarize social value. HIA and SROI methodologies have cross-over. The research suggests potential benefits when used in tandem or combining the methods to assess impact and account for health and social value. Innovative work is now being carried out in Wales to understand the implications of this in practice and to understand how the results of the two methods could be used by decision-makers. Key messages HIA and SROI methods can be used in tandem to capture both the health impact and social value of policies and proposed interventions. HIA and SROI when used together can provide valuable information to inform decision makers around the health impact and social value of proposed policies and interventions.

Dampak Program CSR Binaan PT Pertamina RU II Sungai Pakning: Analisis Social Return on Investment (SROI) dan Sensitivitas

2021 ◽  
Vol 11 (2) ◽  
pp. 203-212
Author(s):  
Nurhazana Nurhazana ◽  
Muhammad Luthfi iznillah ◽  
Sahat Roy Pianto
Keyword(s):  
Program Implementation ◽  
Return On Investment ◽  
Secondary Data ◽  
Primary Data ◽  
Social Investment ◽  
Social Return On Investment ◽  
The Social ◽  
Program Costs ◽  
The Impact ◽  
Calculation Analysis

The purpose of this study is to see the impact of the CSR program of PT Pertamina RU II Sei Pakning through the analysis of Social Return on Investment and sensitivity. This research is descriptive quantitative by utilizing primary and secondary data. Primary data consists of data obtained from processing observational data and secondary data obtained from various literature sources. Based on the results of the SROI calculations for the four programs, it can be concluded that the social investment made for each program is feasible because all programs have a positive SROI score (more than 1) during the program implementation plan. In accordance with the results of the SROI calculation analysis, four programs from PT Pertamina RU II Sungai Pakning have generated benefits that are greater than the program costs. However, there are still opportunities to increase and expand the scope of benefits from the four programs.

ANALISIS SROI (SOCIAL RETURN ON INVESTMENT) DALAM MENGUKUR KEBERHASILAN PROGRAM CSR MIKROHYDRO OLEH PT. PJB UP PAITON DI DESA ANDUNGBIRU, KABUPATEN PROBOLINGGO

2020 ◽  
Vol 2 (2) ◽  
pp. 15-22
Author(s):  
Veronica Sri Astuti
Keyword(s):  
Environmental Sustainability ◽  
Return On Investment ◽  
Mountainous Area ◽  
Hydro Power ◽  
Colonial Era ◽  
Social Return On Investment ◽  
The People ◽  
The Social ◽  
The Impact ◽  
Electricity Infrastructure

This study aims to determine the impact / benefits of the CSR Mikrohydro program by PT. PJB UP Paiton in Andungbiru Village, Probolinggo Regency. This can be seen by using the Social Return On Investment (SROI) analysis. Andungbiru Village is a village that is located very remote and is a mountainous area, where the electricity infrastructure is from very minimal even almost unusable. CSR Mikrohydro by PT. PJB UP Paiton helps the people of Andungbiru Village by reactivating the PLTMH (Micro Hydro Power Plant) which once existed during the Dutch colonial era. SROI analysis shows that CSR Mikrohydro by PT. PJB UP Paiton in Andungbiru Village has succeeded in providing benefits and empowering the Andungbiru Village community economically and socially, as well as maintaining environmental sustainability. Keywords: Social Return On Investment; CSR

scholarly journals Valuing the impact of health and social care programs using social return on investment analysis: how have academics advanced the methodology? A systematic review

BMJ Open ◽  
2019 ◽  
Vol 9 (8) ◽  
pp. e029789 ◽  
Author(s):  
Claire Louise Hutchinson ◽  
Angela Berndt ◽  
Deborah Forsythe ◽  
Susan Gilbert-Hunt ◽  
Stacey George ◽  
...  
Keyword(s):  
Systematic Review ◽  
Return On Investment ◽  
Social Care ◽  
Assessment Tool ◽  
Research Question ◽  
Social Return On Investment ◽  
Health And Social Care ◽  
Wide Range ◽  
The Impact

ObjectivesTo identify how social return on investment (SROI) analysis—traditionally used by business consultants—has been interpreted, used and innovated by academics in the health and social care sector and to assess the quality of peer-reviewed SROI studies in this sector.DesignSystematic review.SettingsCommunity and residential settings.ParticipantsA wide range of demographic groups and age groups.ResultsThe following databases were searched: Web of Science, Scopus, CINAHL, Econlit, Medline, PsychINFO, Embase, Emerald, Social Care Online and the National Institute for Health and Care Excellence. Limited uptake of SROI methodology by academics was found in the health and social care sector. From 868 papers screened, 8 studies met the criteria for inclusion in this systematic review. Study quality was found to be highly variable, ranging from 38% to 90% based on scores from a purpose-designed quality assessment tool. In general, relatively high consistency and clarity was observed in the reporting of the research question, reasons for using this methodology and justifying the need for the study. However, weaknesses were observed in other areas including justifying stakeholders, reporting sample sizes, undertaking sensitivity analysis and reporting unexpected or negative outcomes. Most papers cited links to additional materials to aid in reporting. There was little evidence that academics had innovated or advanced the methodology beyond that outlined in a much-cited SROI guide.ConclusionAcademics have thus far been slow to adopt SROI methodology in the evaluation of health and social care interventions, and there is little evidence of innovation and development of the methodology. The word count requirements of peer-reviewed journals may make it difficult for authors to be fully transparent about the details of their studies, potentially impacting the quality of reporting in those studies published in these journals.PROSPERO registration numberCRD42018080195.

scholarly journals Identification of Zakat Impact Measurement Tools

2021 ◽  
Vol 4 (1) ◽  
pp. 50
Author(s):  
Efri Syamsul Bahri ◽  
Sulistiawati Sulistiawati
Keyword(s):  
Return On Investment ◽  
Descriptive Analysis ◽  
Analysis Approach ◽  
Sustainable Livelihood ◽  
Impact Measurement ◽  
Literature Study ◽  
Social Return On Investment ◽  
Measurement Tools ◽  
The Impact ◽  
Economic Studies

Zakat management aims to alleviate poverty and improve the welfare of mustahiq. Various instruments for measuring the impact of zakat on mustahiq are needed to measure the achievement of the goals of zakat management. This study aimed to identify and analyze several instruments to measure the impact of zakat. The analysis was conducted by conducting a literature study on various reference sources. The analysis used a descriptive analysis approach and a content analysis approach. The results of this study found four instruments for measuring the impact of zakat: Social Return on Investment (SROI), Center of Islamic Business and Economic Studies (CIBEST), Sustainable Livelihood Impact Assessment (SLIA), and BAZNAS Index for Sustainable Water and Sanitation (BI- WAS). Overall, all instruments can measure the impact of zakat on mustahiq for zakat disbursements to mustahiq

Community Perceptions on the Impacts of Art Festivals on Overall Quality of Life, A case study of the Innibos National Arts Festival, South Africa

2016 ◽  
Author(s):  
Mathilda van Niekerk
Keyword(s):  
Quality Of Life ◽  
Local Community ◽  
Specific Area ◽  
Community Members ◽  
Cultural Impact ◽  
Arts Festival ◽  
The Guardian ◽  
The Impact

Art festivals have witnessed a boom in the past few years; with new festivals proliferating that cater to every taste and region, in what has become a vital source of revenue and publicity for cities and artists (Eventbrite, 2014; Relaxnews, 2015). The ideal arts festival represents a carefully crafted mixture of artists, a variety in its programming, being visually spectacular, and also meeting its social objectives (The Guardian, 2015). Art festivals in general are important for many reasons, some of which are to grow the regional and local economies, to promote the specific destination, to contribute to the livelihood of the artists and the local community, displaying different forms of art and to create specific images of the destinations. An art festival should therefore not only exist or take place; it should make some form of contribution to its stakeholders (Getz and Andersson 2010). When art festivals are, therefore, hosted in a specific area the lives of the local community become affected by it either in a positive or in a negative way. Art festivals have various impacts (socio-cultural, environmental, political and economic) on stakeholders, and on one of the most important stakeholders, that is, the local community. For years festival impact studies have mainly focused on the economic, environmental and socio-cultural impact of festivals on the local community, but a limited number of researchers have conducted studies to measure the impact of art festivals on the overall quality of life of the community members and the community as a whole. In order to do this, it is important to look at which socio-demographic variables influence the quality of life of the community and its members.

scholarly journals Valuing the impact of health and social care programmes using social return on investment analysis: how have academics advanced the methodology? A protocol for a systematic review of peer-reviewed literature

BMJ Open ◽  
2018 ◽  
Vol 8 (12) ◽  
pp. e022534 ◽  
Author(s):  
Claire Louise Hutchinson ◽  
Angela Berndt ◽  
Susan Gilbert-Hunt ◽  
Stacey George ◽  
Julie Ratcliffe
Keyword(s):  
Systematic Review ◽  
Return On Investment ◽  
Social Care ◽  
Initial Screening ◽  
Intervention Programme ◽  
Social Return On Investment ◽  
Health And Social Care ◽  
Community Outcomes ◽  
The Impact

IntroductionUnlike other forms of evaluation, social return on investment (SROI) methodology offers a way of placing values on personal, social and community outcomes, not just economic outcomes. Developed in 2000, there have been calls for greater academic involvement in development of SROI, which to date has been more typically implemented in-house or by consultants. This protocol describes a systematic review of SROI analysis conducted on health and social care programmes which represent a significant sector of social enterprise internationally. The aims of the systematic review are to (1) identify the extent to which academics have adopted SROI methodology, (2) how academics have interpreted, used and developed SROI methodology and (3) to assess the quality of studies published under peer review.Methods and analysisThe systematic review will include peer-reviewed studies since 2000 published in English. Search terms will be ‘social return on investment’ or ‘SROI’. Health and social care interventions will be identified in the initial screening given the proliferation of possible key words in these areas. Databases to be searched include Web of Science, Scopus, Medline, Social Care Online and National Institute for Health and Care Excellence. Two reviewers will independently conduct initial screening based on titles and abstracts against the inclusion criteria. Data extracted will include date of intervention, country, study design, aim of intervention/programme, participants and setting, health and social care measures used, and SROI ratio. The quality of studies will be assessed by two reviewers using a SROI quality framework designed for the purpose of this study.Ethics and disseminationThe systematic review will review existing published academic literature; as such, ethics approval is not required for this study. A paper of the systematic review will be submitted to a peer-reviewed journal.PROSPERO registration numberCRD42018080195.

scholarly journals Social return on investment of emergency obstetric care training in Kenya

2019 ◽  
Vol 4 (1) ◽  
pp. e001167 ◽  
Author(s):  
Aduragbemi Banke-Thomas ◽  
Barbara Madaj ◽  
Nynke van den Broek
Keyword(s):  
Return On Investment ◽  
Social Impact ◽  
Healthcare Providers ◽  
Emergency Obstetric Care ◽  
Secondary Data ◽  
Obstetric Care ◽  
Morbidity And Mortality ◽  
Sensitivity Analyses ◽  
Social Return On Investment ◽  
The Impact

IntroductionEmergency obstetric care (EmOC) training is considered a key strategy for reducing maternal and perinatal morbidity and mortality. Although generally considered effective, there is minimal evidence on the broader social impact and/or value-for-money (VfM). This study assessed the social impact and VfM of EmOC training in Kenya using social return on investment (SROI) methodology.MethodsMixed-methods approach was used, including interviews (n=21), focus group discussions (n=18) incorporating a value game, secondary data analysis and literature review, to obtain all relevant data for the SROI analysis. Findings were incorporated into the impact map and used to estimate the SROI ratio. Sensitivity analyses were done to test assumptions.ResultsTrained healthcare providers, women and their babies who received care from those providers were identified as primary beneficiaries. EmOC training led to improved knowledge and skills and improved attitudes towards patients. However, increased workload was reported as a negative outcome by some healthcare providers. Women who received care expected and experienced positive outcomes including reduced maternal and newborn morbidity and mortality. After accounting for external influences, the total social impact for 93 5-day EmOC training workshops over a 1-year period was valued at I$9.5 million, with women benefitting the most from the intervention (73%). Total direct implementation cost was I$745 000 for 2965 healthcare providers trained. The cost per trained healthcare provider per day was I$50.23 and SROI ratio was 12.74:1. Based on multiple one-way sensitivity analyses, EmOC training guaranteed VfM in all scenarios except when trainers were paid consultancy fees and the least amount of training outcomes occurred.ConclusionEmOC training workshops are a worthwhile investment. The implementation approach influences how much VfM is achieved. The use of volunteer facilitators, particularly those based locally, to deliver EmOC training is a critical driver in increasing social impact and achieving VfM for investments made.

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