The SROI Network launches assessment tool for social value
The SROI Network (Social Return on Investment, soon to be Social Value UK) has launched an online tool to help organisations evaluate their social impact.
The self-assessment tool was created by the SROI Network in collaboration with Hall Aitken to help users judge how well their evaluation practices adhere to principles of best practice. The tool is comprised of a seven stage questionnaire, showing results as a spider chart illustrating areas of strength and areas for improvement.
The tool has had over one hundred accounts created already. Jeremy Nicholls, CEO of the SROI Network, said “this tool is invaluable for anyone wanting to look at how fair and transparent their evaluation, measurement and accounting practices are. It is easy to use and can provide a practical sense of how to improve your evaluation practices in the future.”
The questionnaire itself is structured around the seven principles of SROI. These principles include ‘involve stakeholders’, ‘be transparent’ and ‘do not overclaim’, and together make up the core framework around which SROI is based. Users receive a score for each principle, and an overall average, giving them an idea of to what extent they have successfully applied the principles. High scoring users can then use their score to guide them towards applying for assurance and accreditation.
The tool provides guidance, support and more advice to people who want to improve the way in which their organisation measures their social value and assesses their service delivery but don’t know where to start. To access the tool, users can create an account and sign up for free here.