Networking group established to calculate Social Return on Investment

02/06/08

A network that will support the consistent and effective calculation of Social Return on Investment (SROI) has been launched, Third Sector online has announced. 

Supported by the New Economics Foundation (NEF), the network which was launched on Friday (May 30th), aims to help UK ethical investment consultants and researchers to calculate SROI.

Eva Neitzert, a researcher for the NEF, said: 'This robust triple-bottom-line approach to measurement ensures that we generate long-term, comprehensive and meaningful benefits for individuals and communities.'

Ms Neitzert warned, however, that 'in the rush to adopt SROI, the tool does not lose its soul" and urged that it is important to recognise the challenge of measuring things 'deemed 'intangible' or 'uncountable'.'

According to the website SROI UK, the technique is employed to 'gain a better understanding of and manage the impacts of a project, organisation or policy'

The new network has been established in the wake of an announcement last month that the government will fund development of a national standard for measuring SROI.

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