- What is SROI?
- SROI Analysis
Accounting for Value
We’re very excited to announce that SIAA and The SROI Network are coming together to form Social Value International, the largest international social value network in the world. For the next few months, we are undergoing a transitional period in which our activities will be changing – however, it will still be possible to join the networks, come to events and participate in training courses. For more information about the collaboration, see our press release here.
We are a leading international social enterprise, owned by our members with the aim of changing the way society accounts for value.
SROI is a framework based on social generally accepted accounting principles (SGAAP) that can be used to help manage and understand the social, economic and environmental outcomes created by your activity or organisation.
"Social Return on Investment (SROI) aims to increase social equality, environmental sustainability and wellbeing. Our vision is for a world in which decisions take account of social and environmental returns as well as financial returns.
We believe that current approaches contribute to social inequality and environmental degradation. It will not be enough to create new approaches that sit alongside current practice. We need mainstream approaches to include a wider sense of value and to give a voice to those that are affected. For this to happen we need to show that value is missing from many or even most decisions about policy and practice. And that it is possible to show what is missing and value it, in a way that is clearly viable and reasonable.
This is what SROI does."
Read the entire SROI Vision statement here
Download the free SROI spreadsheet to help you identify social value here.
SROI will help you understand, manage and communicate the social value that your work creates in a clear and consistent way with customers, beneficiaries and funders.
It can help you manage risks and identify opportunities and raise finance.
It will throw up potential improvements to services, information systems and the way you govern you businesses.
All in order to increase the social value or impact of your work.
Whether you are a private enterprise, a social business, an investor or commissioning services, SROI will help you account for the wider impact of your work and allow you to make more informed decisions.
Because SROI is built on principles, it is very flexible. Different organisations create value in many different ways. A consistent approach to understanding and accounting for social value means that you can communicate clearly where and how you create value in a credible way.
Members of the SROI Network (soon to be Social Value UK) can be either individual members or organisational members.There are two levels of organisational membership depending on the level of turnover.
Membership for individuals starts from just £60. Find out about all the benefits of joining the SROI Network (soon to be Social Value UK) on our member benefits page.