EURO 2024 Copenhagen
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626. Leveraging SROI for Enhanced Social Impact

Invited abstract in session MC-18: Enhancement of circularity, inclusivity, and smartness in cities I, stream Sustainable Cities.

Monday, 12:30-14:00
Room: 42 (building: 116)

Authors (first author is the speaker)

1. Amirbahador Kouchakkapourchali
DIST, Polytechnic University of Turin
2. ADRIANO BISELLO
Senior Researcher, Institute for Renewable Energy - Eurac Research, Bolzano, Italia

Abstract


Leveraging Social Return on Investment (SROI) for Enhanced Social Impact offers a ground breaking approach to boosting the effectiveness of social initiatives through efficiency analysis, sustainable development, and decision support systems. This method quantifies the social, economic, and environmental value of projects, providing a monetary perspective on their impact. By integrating SROI into decision-making processes, organizations can pinpoint the most efficient and impactful ways to allocate resources, aligning closely with sustainable development objectives.

The paper highlights how incorporating SROI metrics into decision support systems aids in the systematic evaluation of social investments, facilitating a data-driven approach to choosing projects that yield the highest social returns. This not only enhances the strategic allocation of funds but also improves transparency and accountability, enabling organizations to communicate their achievements more effectively.

In essence, using SROI as a tool for enhanced social impact fosters a culture of evidence-based decision-making. It ensures that investments are directed towards initiatives with the greatest potential for positive social change, thereby contributing significantly to sustainable development efforts. This concise approach underscores the importance of SROI in optimizing social impact and advancing the global agenda for a more sustainable and equitable future.

Keywords

Status: accepted

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