A Social Return on Investment (SROI) provides a comprehensive narrative by measuring social, environmental, and economic outcomes in monetary terms. Collaborating with large corporations, we at Thought Arbitrage, meticulously assess the impact of their social projects using the Values, Outputs and Impacts on Stakeholders (VOIS) methodology.
Thought Arbitrage is assisting companies in measuring the impact of their social activities. Our SROI methodology is customised for each company and involves a six-step process:
1. Establishing scope and identifying key stakeholders
2. Mapping outputs
3. Evidencing outputs
4. Defining indicators
5. Establishing impact
Our SROI analysis goes beyond traditional assessments. It provides a detailed understanding of positive outcomes, challenges and project limitations. A major advantage of this approach is the ability to identify gaps in project implementation, data collection or monitoring, thereby informing corporations of the impact of their programmes and to take corrective action, if required. These assessments provide valuable guidance for strategic decision making and policy changes within an organisation.
Not everything that counts can be counted, and not everything that can be counted, counts.