SROI – Social Return on Investment
Independent SROI Consultant – Quantified Impact Assessment for CSR and Development Projects
IFC (World Bank Group) Approved Independent Consultant
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Use more than 10 years of our global consulting experience in Social Issues, Community, CSR and Sustainability. We work one-on-one with business leaders, foundations, NGOs and Implementation Bodies to develop their Social Return on Investment – SROI Reports and Communications.
SROI enables organisations to consider their impacts of a wide range of societal issues in a quantified financial term, enabling them to be more transparent about the risks and opportunities they face.
Social ROI or SROI is about value, rather than money.
Money is simply a common unit and as such is a useful and widely accepted way of conveying value.
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SROI – Social Return On Investment – Evaluation & Reporting
Social Return On Investment or SROI Consultancy scope includes
- Establishing scope and identifying key stakeholders
- Mapping outcomes
- Evidencing outcomes and giving them a value
- Establishing impact
- Calculating the SROI
- Reporting and communications
Being one of the practising SROI Consultants in India, we customise our services in line with your requirements.
There is increasing recognition that we need better ways to account for the Social ROI or SROI. It includes social, economic and environmental value that results from the impact investment or CSR or Development activities. The language varies – ‘impact’, ‘output’, ‘outcome’, ‘returns’, ‘benefit’, ‘value’ – but the questions around what sort of difference and how much of a difference we are making are the same.
Understanding and managing this broader value is becoming increasingly important for the corporate, public sector, government, funders, impact investors and civil society organisations. They actually need to create social value, commonly known as SROI or Social ROI.
Social Return on Investment ensures that their investments make a positive difference.
How Consultivo SROI Consulting Solutions are unique?
We are in close collaboration with the funding and investment bodies for development projects. Our SROI Consultants have worked with multidimensional projects in different geo-locations & gained a fair understanding of different social projects and their impacts.
We use Logical Framework Approach and the Theory of Change Model as an approach to outline the long-term goals, map activities and pathways that lead to the desired outputs, outcomes and impact. It clarifies how activities and interventions contribute to positive social impact.
That reflects in our work.
Our in-house expertise in sustainability communications ensures transparency in disclosures along with engaging data visualisation
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Theory of Change (ToC) is a comprehensive, structured methodology of how a development project or program is expected to achieve its intended outcomes.
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The internationally reputed company is a leading FMCG player with global presence. They have more than 20 ongoing CSR projects across India.
We started with the defined objectives and scope of the assessment, including the social, environmental, and economic impacts to be evaluated and the stakeholders to be included.
We collected data through various methods, such as surveys, interviews, FGDs and site visits.
Finally, we analyzed the data to evaluate the effectiveness of the CSR initiatives and identify areas for improvement, and prepared the independent CSR Impact Assessment Report for communicating the results to stakeholders to ensure transparency and accountability.
Relevant Standards and Protocols used:
Consultivo ImpactMap, National Guidelines on Responsible Business Conduct (NGRBC), ISO 26000, Global Reporting Initiative (GRI) Standards, SDG Guidelines, Theory of Change (ToC), Good Industry Practices
Industry
FMCG
Multiple Locations across Indian States
20+ Major CSR Projects
Thematic Areas
Livelihood Promotion, Skills Development
Healthcare
Women Empowerment
Environment
Water and Sanitation
The internationally reputed company is a leading FMCG player with global presence. They have more than 20 ongoing CSR projects across India.
We started with the defined objectives and scope of the assessment, including the social, environmental, and economic impacts to be evaluated and the stakeholders to be included.
We collected data through various methods, such as surveys, interviews, FGDs and site visits.
Finally, we analyzed the data to evaluate the effectiveness of the CSR initiatives and identify areas for improvement, and prepared the independent CSR Impact Assessment Report for communicating the results to stakeholders to ensure transparency and accountability.
Relevant Standards and Protocols used:
Consultivo ImpactMap, National Guidelines on Responsible Business Conduct (NGRBC), ISO 26000, Global Reporting Initiative (GRI) Standards, SDG Guidelines, Theory of Change (ToC), Good Industry Practices
Industry
FMCG
Multiple Locations across Indian States
20+ Major CSR Projects
Thematic Areas
Livelihood Promotion, Skills Development
Healthcare
Women Empowerment
Environment
Water and Sanitation
The organisation is a a leader in packaged power technology and has been one of India’s most reliable brands for more than seven decades.
First, the objectives and scope of the assessment were defined, which included evaluating the social, environmental, and economic impacts and identifying relevant stakeholders.
Next, data was collected through various means, including surveys, interviews, focus group discussions, and site visits.
Finally, the data was analyzed to assess the effectiveness of CSR initiatives, pinpoint areas for improvement, and develop an independent CSR Impact Assessment Report, which was communicated to stakeholders for transparency and accountability purposes.
Relevant Standards and Protocols used:
Consultivo ImpactMap, National Guidelines on Responsible Business Conduct (NGRBC), ISO 26000, Global Reporting Initiative (GRI) Standards, SDG Guidelines, Theory of Change (ToC), Good Industry Practices
Industry
Engineering and Automobile
30+ CSR Projects spread across 10 states of India
Thematic Areas
Environment, basic education, health, women empowerment and community development
Livelihood Promotion, Skills Development
Healthcare
Women Empowerment
Environment
Water and Sanitation
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Some more answers to your questions – FAQ
What is Social Return on Investment - SROI?
Social Return on Investment or Social ROI or SROI
It is a method of accounting for value creation, primarily social or sustainable development value. SROI enables organisations to measure how much change is being created by tracking relevant social, environmental, and economic outcomes.
The key difference between Social ROI and other Social Impact Assessment methodologies is the assignation of monetary values to the amount of change created.
To give a very simplistic example: SROI assigns a monetary value to inputs and outcomes and uses that value to calculate a ratio. If that ratio is 3:1, it means that every Rupee allocated will generate (or has generated) social value worth three rupees.
Social Return on Investment evaluation projects are part of an Independent CSR Impact Assessment Projects.
What are the types of SROI?
An SROI analysis can take many different forms. It can encompass the social value generated by an entire organisation, or focus on just one specific aspect of the organisation’s work. There are also a number of ways to organise the ‘doing’ of an SROI or Social Return on Investment. It can be carried out largely as an in-house exercise or, alternatively, can be led by an external researcher.
There are two types of Social ROI
- Evaluative, which is conducted retrospectively and based on actual outcomes that have already taken place.
- Forecast, which predicts how much social value will be created if the activities meet their intended outcomes.
Social Return on Investment evaluation projects are part of an Independent CSR Impact Assessment Projects.
Read more on the Theory of Change Model
How Consultivo can help as an Independent External SROI Consultant in India?
Consultivo is an independent external SROI Consultant with a credential of many social impact and CSR Imapct Assessment and SROI projects in different locations, industry segments and thematic areas.
Our Social ROI or SROI Consulting services offer unbiased evaluation without any conflict of interest and authentic insights about your social and development projects.
As one of the practicing ESG and sustainability consultants, Consultivo offers comprehensive social and sustainability consultancy support to organisations in meeting the growing risk management requirements.
What are the roles of external SROI Consultants in the whole process of Impact Project Management?
An independent external SROI Consultant brings the following values:
- Unbiased and free from commercial interest analysis outcome for the project(s)
- Expertise in the field of survey, data capturing, data cleaning, data analysis and interpretation
- Experience from different other types of industries, geographical regions and thematic sectors
- Subject Matter Expertise (SME)
Apart from being one of the leading CSR Consulting and Independent CSR Impact Assessment company, Consultivo as a practicing Social ROI or SROI Consulting firm specializes in thematic knowledge, data mining, data visualization and strategic communications.
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