Keywords : environment - development - equity - poverty and inequalities - well-being - development policy - economic policy - employment - indicators - investment - finance - wealth distribution - regime
Value-driven organisations need new ways to measure their impacts and foster the awareness of their action. The new economics foundation (nef)’s innovative approach to social return on investment (SROI) places stakeholders – the people who matter – at the heart of the measurement process. SROI translates social and environmental outcomes into monetary values, helping organisations to see a fuller picture of the benefits that flow from their investment of time, money and other resources. The benefits can then be seen in terms of the ‘return’ for individuals, communities, society or the environment. This enables those who invest in social change to thoughtfully weigh the resources they use. Designed for anyone with an interest in SROI this guide written by Eilís Lawlor, Eva Neitzert, and Jeremy Nicholls sets a standard for a complete SROI process and report. It has been written primarily with a third-sector audience in mind, but much of the content will be equally applicable to public and private sector organisations that want to demonstrate their social impact.
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Lawlor, Eilís, Eva Neitzert, and Jeremy Nicholls. 2008. Measuring value: a guide to Social Return on Investment (SROI). Second edition. London: New Economics Foundation. http://www.neweconomics.org/gen/z_sys_PublicationDetail.aspx?PID=241.
The Social Firms UK Website: www.socialfirms.co.uk
REDF’s Current Approach to SROI: www.redf.org/learn-from-redf/publications/126