The Social Return on Investment (SROI) analysis focuses on “Community Rejuvenation” in respect of the operation of the TCC DAKA market and local employment and “Social Dialogue” through the Plan B guided tour. In terms of Community Rejuvenation, TCC calls on villagers neighbouring around the Hoping Plant to run the DAKA market by offering specialty meals, handicrafts, and quilts; TCC also provides job opportunities for local villagers to operate and maintain TCC DAKA. On the part of Social Dialogue, employees on the Hoping Plant act as guides to show visitors around the 3–in–1 Port, Power Plant, and Factory Hoping Circular Park and communicate with them on TCC’s innovative utilization of resources across industries and its commitments and efforts to zero emissions, zero pollution, and zero waste, as well as resources recycling.
Topic: Industry and manufacturing
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The SROI Report of Let’s save Our Own Milk
This report adopts the Social Return of Investment approach to access the social impacts of “Let’s Save Our Own Milk” initiated on the crowdfunding platform flying.cc from January 2015. Let’s Save Our Own Milk (abbreviated as LSOOM) raised funding from the public and then a private milk company Puremilk Co. was set up, which aims to solve social problems including the long-neglected dairy industry, the gap between young manpower demands and supplies, and unfair trade between dairy farmers and the big dairy companies. Not only has LSOOM established a fair production and sales platform, but more importantly, it fosters an ecosystem for the entire industry to further develop. This report identifies five stakeholder groups – Puremilk Co., the intern vet, undergraduate interns, dairy farms, and LSOOM crowdfunders. For every 1$ invested there is a social return of 3.65-4.84, in our base case scenario the SROI ratio is 1:4.05. These results indicate that this project has demonstrated its social value in a short period of time. Above all, this project shows the value and the importance of creating a new dairy production-marketing model, cultivating young talents to meet the current demands, enhancing farmers’ overall abilities and business confidence, and raising public awareness of fair trade to grow and overturn dairy industry in Taiwan.
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Thread 2016 Impact Report
“Thread builds responsible, transparent supply chains from Ground to Good™. We invest heavily in the first mile of our supply chains – the individuals and areas where plastic bottles are picked up from the ground. The first mile of supply chains is an area often ignored and as a result, this portion of supply chains tend to cause ecological and human harm.
A recently released McKinsey report (see fig. 1) showed that supply chains are responsible for more than 90% of the environmental impact of products, leaving less than 10% of direct environmental impact in the hands of consumers.
Thread has also found that enormous opportunity for social impact exists in the first mile of supply chains. Often, the work at this stage is informal, unregulated, and difficult to monitor. The individuals involved are constantly evolving, making it difficult to track exactly who is responsible for the collection of raw materials. While there is a movement among apparel brands to become increasingly transparent and publicly list their suppliers, many brands are only able to list their tier 1 and maybe tier 2 suppliers. The places where goods are cut and sewn, or perhaps where the fabric is finished.
Textile supply chains are long and complicated. Before a fabric is finished, it must go through several processing steps and vendors who extrude, spin, knit and weave fibers together before it is dyed and finished. At Thread, we are proud to not only publicly list every vendor we work with to create our fabric, but the individuals who pick up the bottles that make our fabric as well. Until this level of transparency is commonplace, and this understanding of the first mile of supply chains ubiquitous across industries, social and environmental harm will continue. We cannot fix what we don’t know. It is time for us to know.”