This book provides insight on the concept of social value and social return on investment (SROI) - or measures to evaluate the social outcomes from interventions, beyond simply jobs and income. It offers a new and holistic perspective on the values generated from environmental stewardship and forest governance, and focuses on the methods, approaches and outcomes for understanding social value and SROI. The book offers new directions in social value and SROI, including cultural and spiritual outcomes, gender equity, and health and well-being, and provides pathways for implementing interventions and measuring social impact. It includes state of the art approaches from diverse and interdisciplinary experts drawn from academia and professional practice, including the voices and perspectives of Indigenous Peoples and local communities involved in programs, with a focus on environmental stewardship. Social value and SROI are increasingly used to assess outcomes from conservation and this book broadens the conversation on the impact and business case for these interventions. The book offers practical guidance to readers in pursuing social value and those seeking to measure it.
Author(s): William Nikolakis, Renata Moura da Veiga
Publisher: Springer
Year: 2023
Language: English
Pages: 145
City: Cham
Acknowledgements
Contents
Chapter 1: Introduction – Social Value and Social Return on Investment: Theory and Practice
1.1 Introduction
1.2 Social Value
1.2.1 Measuring Social Value: Social Return on Investment (SROI)
1.2.1.1 Challenges and Opportunities
1.2.1.2 SROI in Practice: Indigenous Peoples and Environmental Stewardship
1.3 The Chapters
1.3.1 Social Value, SROI and Measurements
1.3.2 Social Value in Practice
References
Part I: Social Value, SROI and Measurements
Chapter 2: A Critical Perspective on the Measurement of Social Value Through SROI
2.1 Introduction
2.2 Social Return on Investment
2.2.1 The SROI Framework
2.2.2 General Approaches to Valuating and Monetizing Social Value
2.3 Correctness and Appropriateness of SROI
2.3.1 The Correctness of the SROI Framework
2.3.2 The Appropriateness of the SROI Framework
2.3.2.1 Comparability
2.3.2.2 Subjectivity
2.3.2.3 Legitimacy
2.3.2.4 Resource Utility
2.4 Advantages and Benefits
2.5 Practical Cases
2.5.1 Social Enterprises Preserving Cultural Heritage
2.5.2 The Greenlink Project
2.6 Conclusion
References
Chapter 3: Measuring and Managing Social Value: Myths and Opportunities
3.1 Introduction
3.2 The Imperative for Impact Management
3.3 The Principles of Social Value and Impact Management
3.3.1 Origins
3.3.2 Purpose
3.3.3 The Foundations of Impact
3.3.4 Principles in Practice
3.3.5 Responding to What Matters for Stakeholders
3.3.6 Qualitative Data
3.3.6.1 Involving Stakeholders and Identifying Relevant Outcomes
3.3.7 Quantitative Data
3.3.7.1 Amount of Changes
3.3.7.2 Duration of Changes
3.3.7.3 Relative Importance of Changes: Valuation
3.3.7.4 Estimating Contribution to Changes
3.3.8 Transparency and Verification
3.4 Challenges with Solutions
3.4.1 Challenge Number 1: Impact Measurement Needs to Be Viewed as an Investment Not a Cost
3.4.2 Challenge Number 2: Impact Management Requires People and Organizations to Have the Necessary Capacities
3.4.3 Challenge Number 3: We Are Not Held to Account for Our Impacts on People and the Planet to the Same Extent as Our Financial Impacts
3.5 The Next Step: Managing for Impacts
3.6 Conclusions
References
Chapter 4: Advancing Gender Equity and Equality in Climate: Analyzing the Gender and Social Value of Climate Interventions
4.1 Introduction: The Importance of Gender Equity and Equality in Climate
4.2 The Importance of Social Value in Promoting Gender Equity in Climate
4.2.1 Social Value Helps Us Understand the True Impact of Climate Interventions, Which Affect Women and Men Differently – But It Is Often Not Applied Across the Board
4.2.2 Even When There Are Social Value Considerations, a Gender Lens Is Often Missing
4.2.3 Using Social Value to Catalyze Gender Equity and Climate Action
4.3 Integrating Social Value and Gender Analysis
4.3.1 Definitions of Social Value Analysis and Gender Analysis: The Principles of Social Value
4.3.2 Integrating Social Value and Gender Analysis
4.3.3 Analyzing the Gender and Social Value of Climate Interventions
4.3.4 Example Outcomes and Indicators
4.4 Examples Which Analyze the Gender and Social Value of Climate Interventions to Advance Gender Equity
4.4.1 Used in Programme Design/Strategy Development
4.4.2 Used in Project Evaluation
4.4.3 Used at a Country Level in Policy Design
4.5 How to Further Gender and Social Value
References
Chapter 5: Social Value During a Pandemic: Insights from Brazil
5.1 Introduction
5.2 COVID-19: The Pandemic in Brazil
5.3 Brazilian Inequality: Compounded Impacts from COVID-19 and Policy Interventions
5.3.1 COVID-19 and Inequality
5.3.2 Addressing Inequality Post-COVID-19
5.4 Brazilian Government During the Pandemic
5.5 Political Leadership Values and the Interaction with Social Value
5.6 The North Region as a “Laboratory” for the Federal Government
5.7 COVID-19 Epidemic: An Opportunity for Building a More Equal and Fair Society
5.8 Final Comments
References
Part II: Social Value in Practice
Chapter 6: Integrating Social Value in Landscape Planning: Experiences from Working with Indigenous Communities in Australia
6.1 Introduction
6.2 Healthy Country Planning: Community-Defined Values for Community-Led Management
6.3 Assessing Impacts of Development Options: Community-Based Development by Design
6.4 Case Study of Combined Use of Healthy Country Planning and Development by Design in Northern Australia: Nykina Mangala Area in Kimberley Region
6.5 Discussion: How Healthy Country Planning and Development by Design Can Be Used to Enable Social Value
6.6 Lessons for Practice and Future Research Needs
6.7 Conclusions
References
Chapter 7: Lighting the Path Forward: Understanding Social Value from Indigenous Fire (Qwen) Stewardship
7.1 Introduction
7.2 Context
7.3 Community Goals from Indigenous Fire Stewardship: What Is Social Value in This Context?
7.4 External Goals: Private and Public Funders
7.4.1 Area Stewarded
7.4.2 People Employed and Trained
7.4.3 Planning, Vision and Program Sustainability
7.4.4 Partnerships and Knowledge Mobilization
7.5 Discussion and Conclusions
References
Chapter 8: Social Forestry in Indonesia: Fragmented Values, Progress, Contradictions, and Opportunities
8.1 Introduction
8.2 The Current SF Program in Indonesia, Issues and Challenges
8.2.1 The National SF Program
8.2.2 Governance and the Institutionalization of Social Forestry
8.2.3 Actors and Institutions
8.2.4 Issues and Challenges
8.2.4.1 Legal and Bureaucratic Complexity: More than Forestry Policy and the Need for Intermediaries
8.2.4.2 Too High Expectations: What Is Success for Social Forestry?
8.2.4.3 Hollow Groups and How Communal Is SF?
8.2.4.4 Who Pays? Financing SF and Village Governance
8.2.4.5 Responsibilization and Territorialization: In Whose Interest Is the SF Program?
8.3 Changing Relations, Changing Values
8.4 Concluding Remarks
References
Chapter 9: Final Conclusions – Social Value and Measuring It: Challenges, Opportunities, and Future Directions
9.1 Social Value: Promise and Realities
9.2 Future Directions
References
