measuring social impact presented by joyce sou family services ontario may 7th, 2013
TRANSCRIPT
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Measuring Social Impact
Presented by Joyce SouFamily Services Ontario
May 7th, 2013
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Impact +
Poverty reduction
Carbon reduction
Jobs for marginalized populations
Stronger family relationships
Energy efficiency
1% p.a. over three years
Prime + 2%
8%
Return
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If you cannot measure ityou cannot improve it
Sir William Thompson
The quest for certainty blocks the search for meaning
Erich Fromm
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Albert Einstein
Not everything that counts can be counted,
and not everything that can be counted counts.
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1932 - American Institute of Accountants form Committee on Generally Accepted Accounting Principles
1936 – Canadian Institute of Chartered Accountants form Terminology Committee
1942 – Institute of Chartered Accountants in England & Wales publish Recommendations on Accounting Principles
2001 – International Accounting Standards Board is formed
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Impact Map
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What is SROI?
Social Return on Investment is a framework for measuring and accounting for the value created or destroyed by our activities – where the concept of value is much broader than that which can be captured by market prices.
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val·ue/ˈvalyo. o/noun
the regard that something is held to deserve; the importance, worth, or usefulness of something
the material or monetary worth of something
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13
Return on Investment
(Net Profit) Cost of Investment
ROI =
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7 Principles of SROI
• Involve stakeholders
• Understand what changes
• Value the things that matter
• Only include what is material
• Do not overclaim
• Be transparent
• Verify the result
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15
Case Study: Family Centre
• Single-parent or blended families• Experiencing relationship challenges with
children• Police involvement • Reported significant stress• Time off work taken
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Stage 1
Stakeholders Intended/unintended changes
Who will we have an effect on?
What do we think will change for them?
1. Identify stakeholders
Involve stakeholders Understand what changes
Only include what is material
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Stage 2
Inputs Outputs The Outcomes
What will they invest?
Value $Summary of activity
in numbers
Description
What do stakeholders say changes for them?
2. Map outcomes
Involve stakeholders Understand what changes
Only include what is material
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Stage 3
Indicator Source Quantity Financial Proxy Value $ Source
3. Assign indicators and financial proxies
Value what matters
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Stage 1 Stage 2
StakeholdersIntended/unintended
changesInputs Outputs The Outcomes
Who will we have an effect on?
What do we think will change for them? What will they invest? Value $ Summary of activity in
numbers
Description
What do stakeholders say changes for them?
Children Less outbursts Time $0.00 Counseling services Feel more confident in relationships with family
1. Identify stakeholders 2. Map outcomes
Involve stakeholders Understand what changes
Only include what is material
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10 * $2,500 = $25,000
Stage 3
Indicator Source Quantity Financial Proxy Value $ Source
Foster care avoided Internal Data 10 youthMonthly
maintenance payment
$2,500 per year/youth Internal Data
3. Assign indicators and financial proxies
Value what matters
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4. Establish Impact
Stage 4
Deadweight % Displacement % Attribution % Drop off % Impact
What would have happened without the
activity?
What activity would we displace?
Who else would contribute to the
change?
Will the outcome drop off in future
years?
Quantity times financial proxy, less deadweight,
displacement and attribution
0% 0% 0% $25,000
Do not overclaim
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($25,000) $15,000
SROI =
5. Calculating SROI
= $1.66
For every dollar invested in Family Centre $1.66 of social value is generated.
Be transparent
Verify the result
cost of investment
net social benefit
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SROI: Challenges and Opportunities
• Resource intensive• Difficult to standardize• User knowledge required
• Tells full story• Captures material change• Assigns financial value to outcomes
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