Social Return on Investment
We were employed by a Waste Management Company (WMC) to carry out an assessment of its social impact in a London Borough (LB). We provided Social Impact Mapping for waste management services and community activities and an analysis of the Social Return on Investment (SROI) within the London Borough.
– The WMC delivers £2.09 of social value for every £1 spent by the London Borough for its waste management services.
– Community projects deliver almost £30 in social value for every £1 sent and dramatically outperforms the core business activities in delivering social value.This is not surprising given that ‘society’ is at the centre of their conception.
– Where Business can link their core business activities to a community multiplier by placing ‘Social Value’ at the centre of their activities, then real and transformational impact will be achieved.
– SROI is not a perfect measure and requires a range of assumptions, nor is it ‘absolute’. However, it can prove a very useful tool in assessing ‘direction’ and ‘relative scale’ of impact.