- What is SROI?
- SROI Analysis
Accounting for Value
" ... SROI has clear benefits for our organisation in terms of our future funding and business development activities, as well as focusing our day to day practice on where and how we add value." - Susan Akternel, Innovation and Development Director, Impact Arts
"The process of undertaking an SROI has helped us to understand the importance of stakeholder involvement and asking stakeholders about what has changed for them as a result of the support they received. This has helped us to gain a deeper understanding of the support provided by the service that we fund and the impact it has on the lives of the people they help. When making the calls to parents who had used the service, we heard really positive feedback about the support they received, even though we did not specifically ask them to state how satisfied they were. The SROI process has also helped us to think differently, more critically about every aspect of the service, such as outcomes. We hope this learning will enable the service to continually improve the way they collate outcomes in the future and therefore prove their value.
If we stopped now and didn’t continue, I think the most important thing we have gained is an insight into what changes in the lives of people who access the support. No case study or statistics could be more powerful than hearing their story in their own words. Our job now is to make their story of what changes come alive in our SROI!" Holly Chilton, Hertfordshire County Council
"SROI has helped St Bartholomew's House (West Australian Homeless provider) to apply its resources only to those activities which truly make a positive difference to its clients. It has provided a solid foundation for the boards strategic planning and has challenged many of the assumptions of its supporters and staff" - Tom Tolchard, Project Director, Social Innovation In Western Australia
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
Dowload 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 can be either individual members or organisational members.There are two levels of organisational membership depending on the level of turnover. In addition there are other benefits for members who have become accredited practitioners.
Membership for individuals starts from just £50. Find out about all the benefits of joining the Network on our member benefits page.