Do you know SROI? Can you calculate it?

Question

Accepted Answer

SROI stands for Social Return on Investment. It is a method used to measure the social, environmental, and economic value generated by a project or organization.

SROI is a framework for measuring and communicating the social value created by an organization or project.
It involves identifying and quantifying the social outcomes of an initiative, and then comparing them to the costs incurred to achieve those outcomes.
SROI calculations typically involve assigning a monetary value to social outcomes, which can be challenging but provide a more comprehensive view of impact.
For example, if a company invests in a community development project that leads to increased employment opportunities, reduced crime rates, and improved health outcomes, SROI would help quantify the value of these outcomes in monetary terms.
Calculating SROI requires a thorough understanding of the project's objectives, outcomes, and costs, as well as stakeholder engagement to determine the most relevant indicators and values to include in the analysis.

Do you know SROI? Can you calculate it?

Top Galaxy Surfactants CSR Officer interview questions & answers

Popular interview questions of CSR Officer

Top HR questions asked in Galaxy Surfactants CSR Officer