Impact Investors Social Return on Investment (SROI)
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Impact Investors Social Return on Investment (SROI)
Optimize investment impact with SROI workflow by identifying stakeholders, analyzing outcomes, calculating social value, and ensuring continuous evaluation.
1
Identify the key stakeholders involved in the investment
2
Define the scope and objectives of the SROI analysis
3
Map out expected outcomes
4
Collect data on outputs and outcomes
5
Quantify the input needed to produce outcomes
6
Calculate the SROI ratio
7
Conduct an impact map
8
Deduce the social value add
9
Evaluate the effect of the investment on stakeholders
10
Implement the SROI report
11
Approval: Data Analysis Review
12
Verify the social impact being claimed
13
Assess if the impact is significant and relevant
14
Formally document the SROI analysis
15
Present the findings to key stakeholders
16
Approval: Directors on Final Report
17
Discuss and plan next steps based on report findings
18
Establish means for ongoing monitoring and evaluation
19
Organize for annual SROI assessment
20
Close the SROI process
Identify the key stakeholders involved in the investment
This task is essential to determine the individuals or groups who have an interest in or will be affected by the investment. By identifying the key stakeholders, we can ensure their perspectives and needs are considered throughout the SROI analysis. Who are the main stakeholders involved in the investment?
Define the scope and objectives of the SROI analysis
This task sets the parameters and goals for the SROI analysis. It clarifies what aspects of the investment will be examined and what outcomes will be measured. What is the scope and objective of the SROI analysis for this particular investment?
Map out expected outcomes
In this task, we will identify and document the expected outcomes or changes that the investment is intended to achieve. This step ensures that all stakeholders have a clear understanding of what is expected and can provide input on those outcomes. What are the expected outcomes or changes that the investment aims to create?
Collect data on outputs and outcomes
This task involves gathering data on the outputs and outcomes of the investment. Outputs refer to the direct products, services, or activities generated by the investment, while outcomes are the changes or benefits resulting from those outputs. What data is needed to assess the outputs and outcomes of the investment?
Quantify the input needed to produce outcomes
In this task, we will determine the resources, inputs, or investments required to produce the desired outcomes. Quantifying these inputs helps in calculating the SROI ratio later on. What are the key inputs or resources needed to produce the desired outcomes?
Calculate the SROI ratio
In this task, we will use the collected data on outputs, outcomes, and inputs to calculate the Social Return on Investment (SROI) ratio. The SROI ratio measures the social value generated by the investment relative to the cost of inputs. How will you calculate the SROI ratio for this investment?
Conduct an impact map
This task involves creating an impact map to visually represent the causal relationships between the investment outputs, outcomes, and stakeholders. The impact map helps in understanding how the investment creates social value and who benefits from it. How will you conduct the impact map for this investment?
Deduce the social value add
In this task, we will deduce the Social Value Add (SVA), which quantifies the social value created by the investment. Calculating the SVA helps in evaluating the effectiveness and impact of the investment on stakeholders. How will you deduce the Social Value Add for this investment?
Evaluate the effect of the investment on stakeholders
This task involves evaluating the effect or impact of the investment on the identified stakeholders. It aims to determine the extent to which the investment has met the needs and expectations of the stakeholders and has created positive social outcomes. How will you evaluate the effect of the investment on stakeholders?
Implement the SROI report
This task focuses on implementing the SROI report, which consolidates and presents the findings of the analysis. The report communicates the social value generated by the investment and provides insights for decision-making and future planning. How will you implement the SROI report for this investment? (Consider formatting, distribution, and presentation)
Approval: Data Analysis Review
Will be submitted for approval:
Collect data on outputs and outcomes
Will be submitted
Quantify the input needed to produce outcomes
Will be submitted
Calculate the SROI ratio
Will be submitted
Conduct an impact map
Will be submitted
Deduce the social value add
Will be submitted
Verify the social impact being claimed
In this task, we will verify the social impact being claimed by comparing the actual outcomes and outputs with the expected ones. Verification ensures the accuracy and integrity of the SROI analysis and adds credibility to the reported social impact. How will you verify the social impact being claimed?
Assess if the impact is significant and relevant
This task involves assessing the significance and relevance of the social impact generated by the investment. It helps in determining whether the investment has achieved meaningful and desirable outcomes that align with the needs and priorities of the stakeholders. How will you assess if the impact is significant and relevant?
Formally document the SROI analysis
In this task, we will formally document the SROI analysis, including all the steps, findings, calculations, and supporting evidence. Formal documentation ensures transparency, accountability, and the ability to track the analysis for future reference or audits. How will you formally document the SROI analysis?
Present the findings to key stakeholders
This task is about presenting the findings of the SROI analysis to the key stakeholders involved in the investment. The presentation should effectively communicate the social value generated, the impact on stakeholders, and any recommendations or next steps. How will you present the findings to the key stakeholders?
Approval: Directors on Final Report
Will be submitted for approval:
Implement the SROI report
Will be submitted
Present the findings to key stakeholders
Will be submitted
Discuss and plan next steps based on report findings
In this task, we will facilitate a discussion and planning session with the key stakeholders to determine the next steps based on the findings of the SROI report. This collaborative approach ensures that the insights and recommendations from the analysis inform decision-making and guide future actions. How will you facilitate the discussion and planning session with the stakeholders?
Establish means for ongoing monitoring and evaluation
This task involves establishing means and mechanisms for ongoing monitoring and evaluation of the investment's social impact. Regular monitoring and evaluation ensure that the desired outcomes are being achieved and provide insights for continuous improvement and adjustment. How will you establish means for ongoing monitoring and evaluation?
Organize for annual SROI assessment
In this task, we will plan and organize for an annual SROI assessment to review and update the social impact analysis. This assessment ensures that the investment's impact is continuously measured and evaluated to track progress and make informed decisions. How will you organize for the annual SROI assessment?
Close the SROI process
This task marks the completion and closure of the SROI process for the specific investment. It includes finalizing all documentation, archiving relevant data, and conducting a post-analysis evaluation. How will you close the SROI process for this investment?
