social return on investment
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2021 ◽  
Vol 14 (1) ◽  
pp. 217
Author(s):  
Yu-Fang Lin ◽  
Tzu-Yin Chang ◽  
Wen-Ray Su ◽  
Rong-Kang Shang

Taiwan is in a hazard-exposed area where people often suffer through typhoons, earthquakes, and landslides, and must face the challenges of environmental and climate changes in ongoing and future developments. Taiwan has implemented an integrated and interdisciplinary project, which is titled Civil IoT Taiwan, for better disaster risk management and risk communication with all stakeholders by cooperating closely with authorities, scientists, and industry. The purposes of this project are to raise public risk awareness to reduce disaster damage and loss and sustainably increase the social, economic, and environmental impacts. For measuring the social impacts of the Civil IoT Taiwan, the social return on investment (SROI) is an evaluation tool to demonstrate the outcomes and impacts of Civil IoT Taiwan to measure its social effects. The SROI ratio of this project is 1.12. Civil IoT Taiwan has just implemented the first development stage in establishing infrastructure for monitoring and sensing; thus, the significant changes and impacts on society, economics, and the environment will be evaluated in the next phase. This ongoing project will also involve more stakeholders for more sustainable and resilient environmental governance in future development.


2021 ◽  
Vol 11 (1) ◽  
pp. 116-136
Author(s):  
Nata Kereselidze ◽  
Maria-Isabel Voirol-Rubido

Georgia is currently undergoing a VET reform, bringing together public, private, and social actors, based on the principle of solidarity. This paper aims to identify ways in which the Georgian VET reform can be a force for economic prosperity, as well as wellbeing for different communities. Results are presented through a comprehensive research methodology, mobilizing a state of the art through in-depth analysis of primary and secondary data sources, as well as seven semi-structured, face-to-face interviews with education practitioners and policymakers in Georgia. The article highlights how progress is hindered by a peculiar mix of Soviet era and neo-liberal legacies that has shaped a unidimensional human capital approach focused on economic growth. We suggest limitations to this approach, and instead propose to re-align the system towards the objective of wellbeing, employing a Social Return on Investment (SROI) framework and advocating for collectivized intelligence between actors. Through an innovative meta-theoretical framework, we emphasize the importance of historical path-dependency and lay out the context. We analyze stakeholder interviews through the SROI framework and suggest socially-minded changes, benefiting individuals and the society as a whole.


2021 ◽  
Vol 11 (2) ◽  
pp. 203-212
Author(s):  
Nurhazana Nurhazana ◽  
Muhammad Luthfi iznillah ◽  
Sahat Roy Pianto

The purpose of this study is to see the impact of the CSR program of PT Pertamina RU II Sei Pakning through the analysis of Social Return on Investment and sensitivity. This research is descriptive quantitative by utilizing primary and secondary data. Primary data consists of data obtained from processing observational data and secondary data obtained from various literature sources. Based on the results of the SROI calculations for the four programs, it can be concluded that the social investment made for each program is feasible because all programs have a positive SROI score (more than 1) during the program implementation plan. In accordance with the results of the SROI calculation analysis, four programs from PT Pertamina RU II Sungai Pakning have generated benefits that are greater than the program costs. However, there are still opportunities to increase and expand the scope of benefits from the four programs.


2021 ◽  
Vol 2 (2) ◽  
pp. 68-81
Author(s):  
Rezaldi Pramadha ◽  
Vandy Yoga Swara ◽  
Rudi Hartono ◽  
Danny Satria Wijaya ◽  
Rahmad Hidayat

Artikel ini menunjukkan bagaimana inisiatif keberlanjutan perusahaan pada program Corporate Social Responsibility (CSR) PT Pertamina RU II Sungai Pakning, yaitu Budidaya Madu Hutan Gambut yang memiliki dampak signifikan terhadap perubahan sosial, ekonomi, dan lingkungan di tingkat masyarakat. Data mengenai pelaksanaan program dan bentuk perubahan yang dirasakan diperoleh melalui laporan implementasi perusahaan dan wawancara via telepon dengan perusahaan serta penerima manfaat yang diolah dengan menggunakan metode Laba Sosial atas Investasi atau Social Return on Investment (SROI). Hasil penelitian menunjukkan bahwa praktik usaha pencarian madu hutan yang minim risiko kebakaran lahan terbukti meningkatkan kesejahteraan penerima manfaat dan pemangku kepentingan lain yang dibuktikan dengan hasil SROI sebesar 1,1. Rutinitas penerima manfaat dalam menjalankan pekerjaan utama menghasilkan madu dan kapasitas penerima manfaat dalam menindaklanjuti program berperan penting dalam proses pembentukan nilai dampak. Hasil ini tidak terlepas dari model intervensi CSR yang mengarah pada produk ramah lingkungan, inovasi teknologi, sertifikasi, dan penciptaan lapangan kerja. Studi ini mengkonfirmasi teori doughnut economics dan modal manusia. Kata kunci: corporate social responsibility, doughnut economics, human capital, pemberdayaan masyarakat, laba sosial atas investasi   This article shows how corporate-based sustainability initiatives in Corporate Social Responsibility (CSR) of PT Pertamina RU II Sungai Pakning, namely Peat Forest Honey Cultivation generated significant impact on social, economic, and environmental changes at the community level. Data on program implementation and outcome which were obtained through company implementation reports as well as telephone interviews with companies and beneficiaries are processed using Social Returns On Investment (SROI) method. The practice of forest beekeeping that minimizes the risk of land fires has succeeded in increasing livelihood of the beneficiaries and other stakeholders, as evidenced by the SROI result of 1.1. Beneficiaries’ routines in carrying out the main job of producing honey and the capacity of beneficiaries to follow up on programs play an important role in the process of establishing impact values. This condition is created by the CSR intervention model that leads to environmentally friendly products, technological innovation, certification, and job creation. This study confirm the theory of doughnut economics and human capital. Keywords: community empowerment, corporate social responsibility, doughnut economics, human capital, social return on investment


2021 ◽  
Vol 5 (4) ◽  
pp. 1270-1279
Author(s):  
Oki Wijaya ◽  
◽  
Deni Susanto ◽  
Zuhud Rozaki ◽  
Ayu Nurhidayati

This paper aims to see how the impact of social investments made by companies on villages that have the potential to be developed. The high potential possessed by several villages that are not maximized properly makes the community have to continue to live in the constraints of poverty which has implications for the low welfare rate. The existence of CSR funds owned by the company is a great opportunity in empowering village communities. However, not all CSR programs are able to run well. Thus, this research using SROI as an analytical tool with a field research method tries to reveal Pertamina's success in carrying out CSR programs in Gamol village with a focus on mushroom cultivation programs.


2021 ◽  
Vol 11 (S1) ◽  
Author(s):  
Jacob Ranot

For a procedure so commonplace in a doctor’s office, so critical to the prevention of disease, and so marred by controversy, it seemed odd that in my third year of medical school, I had yet to perform a vaccination. For that reason, I was very excited for my first rotation in family medicine. One could even say I was a little overzealous to learn about vaccines. To my credit, as someone who studied healthcare economics, there is a lot to love about the social return on investment of vaccines. Two weeks into my rotation I came across my first case of vaccine hesitancy. They were parents who had immigrated to Canada and were skeptical of vaccines. They wanted to pick and choose which vaccines their child would receive. These people are called the ‘vaccine hesitant’ and, unlike the devout ‘vaccine deniers’, they are the crucial swing states in a political battle for the health of our country. [1]


2021 ◽  
Vol 842 (1) ◽  
pp. 012055
Author(s):  
W S Teo ◽  
T W Seow ◽  
I S M Radzuan ◽  
S Mohamed ◽  
M A Abas

2021 ◽  
Vol 10 (2) ◽  
Author(s):  
Manuel Escourido-Calvo

Las políticas activas de empleo son una forma de intervención del sector público dirigida a minorar el desempleo, concebido como un fallo de mercado. En un contexto de recursos limitados de las administraciones públicas, evaluar el impacto económico y social (y monetizarlo) de estas políticas es un requerimiento para optimizar la asignación de recursos y promover mayores niveles de gobernanza. A partir del análisis coste-beneficio y al social return on investment (SROI) se realiza una aproximación a la cuantificación económica del impacto del Plan de Empleo Local 2016-2018 de la Diputación Provincial de La Coruña (España).


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