What is SROI methodology?
SROI stands for Social Return on Investment. It's a framework for measuring and accounting for the value created by social, environmental, and economic outcomes.
How is SROI calculated?
SROI is calculated by comparing the value of social benefits to the investment made. It involves identifying stakeholders, mapping outcomes, and assigning monetary values to those outcomes.
Can you give me an example of SROI in action?
Sure! For instance, a community program that provides job training might measure SROI by calculating the increased income of participants and the reduced reliance on social services.
What are the benefits of using SROI?
The benefits include better decision-making, improved accountability, and the ability to communicate the value of social initiatives to stakeholders.
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