Investment decisions in a project or program requires a judgment of whether the expected development results justify the costs. This generally and ordinarily calls for rigorous processes and systems to be institutionalized to help in projecting clear results at both output and outcome levels as well as the costs associated with achieving those results. Social Return on Investment (SROI), in this regard, is one critical measure that is increasingly being deployed by development agencies in respect of the aforementioned but also to measure the social value of interventions. This study is a reflective analysis of social impact of Water Sanitation and Hygiene services implemented by WaterAid Rwanda in selected communities and health care facilities in Rwanda. Social Return on Investment analysis was used as the assessment tool based on SROI 7 principles. The analysis has significantly helped to determine the impacts that the project has created and to identify the most productive aspects. To augment the SROI analysis core aspects of Value for Money – economy, efficiency, and effectiveness were also employed.
Topic: Regeneration and infrastructure
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Calculating the value of Edinburgh’s Parks
In 2014 City of Edinburgh Council undertook a project intended to calculate an estimate of the value of services delivered in Edinburgh Council-run parks. The study provided a forecast of the social return from the investment by the Council in 4 sample Edinburgh Parks, and also the Pentland Hills Regional Park. The benefits that are measured are those that are made possible by the investment the authority makes in maintaining and managing the park and have been identified following consultation with those who were most directly affected. The analysis of the 4 sample parks was undertaken during 2014 by Carrick Associates. The analysis of Pentland Hills Regional Park was undertaken by Greenspace Scotland in 2012. The results of the 5 studies were then combined with population data obtained from 5000 face-to-face interviews to give an estimate of the value of services delivered in all 142 of Edinburgh’s parks.
This document is the Technical Report which provides details of how the 4 sample park studies were undertaken, and the results that were found. It is 90 pages long. There is also a shorter separate summary report available, which gives an overview of the process and the findings, and gives the scaled-up figures for the city park system. It should be read alongside this one. This document draws together the 4 individual parks SROI studies which together were used as a basis for scaling up an estimate of the value of all of Edinburgh’s parks. Each park study was conducted as a separate exercise, so please note that there is an element of repetition in the descriptions of the processes that were applied in each case. The Pentland Hills Study was created as a stand-alone report and can be downloaded separately.
The overall finding was that for every £1 invested in Edinburgh’s parks, approximately £12 of benefits are delivered. The cost benefit ratio varies from 1:7 for a natural park, to 1:17 for a large city-centre park.
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KPMG True Value Case Study Safaricom Limited
Safaricom aspires to use its mobile telecommunications products and services to improve the quality of life and contribute to sustainable livelihoods for people throughout Kenya.
The company wanted to understand how successful it has been in achieving this goal and how it can increase the value it creates for society in Kenya still further.
In order to do so, the company chose to partner with finance and sustainability professionals from KPMG in South Africa and Kenya to apply KPMG’s True Value methodology.
The methodology “monetizes” the socioeconomic and environmental impacts of an organization and its products and services, i.e. it quantifies them in financial terms.
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SolarCity 2015 Impact Report
“SolarCity is America’s largest full-service solar power provider. We make clean energy available to homeowners, businesses, schools, non-profits, and government organizations at a lower cost than energy generated by burning fossil fuels like coal, natural gas, and oil.”