Social return on investment networking group launched

A network is being launched today to allow UK ethical investment consultants and researchers to share information on calculating social return on investment.

The network, supported by the New Economics Foundation, follows the Government’s announcement earlier this month that it would fund the development of a national standard for measuring SROI (Third Sector Online, 6 May).

The network, which is launching at the SROI Exchange conference in Manchester on 30 May, will aim to ensure the consistent and effective calculation of SROI by providing accreditation for individual practitioners and assurance for individual SROI assessments.

“SROI enables positive social and environmental impacts to be counted alongside financial considerations,” said Eva Neitzert, a researcher for the NEF. “This robust triple-bottom-line approach to measurement ensures that we generate long-term, comprehensive and meaningful benefits for individuals and communities.”

However, Neitzert also sounded a note of caution. “We have to be careful that, in the rush to adopt SROI, the tool does not lose its soul,” she said. “In particular, we must take seriously the challenge of measuring things which are often deemed ‘intangible’ or ‘uncountable’.”

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