The SROI Exchange being hosted by UK and European SROI Networks on the 30th May in Manchster is now fully booked. See the UK Country page for more information.

Perth YMCA SROI Report and The Wise Group (Cadder Environmental Improvement Project) Now Available in Scotland SROI Country Pages

The Principles of SROI are

Stakeholders perceptions – Understand the way in which the organisation creates change through a dialogue with stakeholders.

Scope and Materiality – Acknowledge and articulate all the values, objectives and stakeholders of the organisation before agreeing which aspects of the organisation are to be included in the scope; and determine what must be included in the account in order that stakeholders can make reasonable decisions.

Understand change – Articulate clearly how activities create change and evaluate this through the evidence gathered.

Comparative – Make comparisons of performance and impact using appropriate benchmarks, targets and external standards.

Transparency – Demonstrate the basis on which the findings may be considered accurate and honest; and showing that they will be reported to and discussed with stakeholders.

Financial proxies – Use financial proxies for indicators in order to include the values of those excluded from markets in same terms as used in markets.

Robust – Ensure that benchmarking, financial proxies, and assumptions for deadweight, attribution, drop off and displacement are based on credible research evidence.

Verification – Ensure appropriate independent verification of the account.

In addition

Feasible. A basic SROI Analysis should be something any organisation can afford to prepare itself.
Accessible. The process should be understandable and relevant to organizations at various stages of development.
Replicable. The framework should result in similar conclusions when applied by different practitioners who use similar parameters (such as the scope and options).
Transparent. The process by which the analysis was prepared, and the context in which results should be seen, should be transparent.
Credible. The results should be credible to investors, purchasers, managers and other users.
Integrative. The framework should relate to, and where possible integrate with, other approaches to understanding social value.
Avoid misuse. Proper application of the framework should reduce the risk of misuse of, or misleading, SROI numbers or analyses.
Open source. The framework should continuously informed and improved by the collective wisdom of practitioners in an inclusive, iterative process.
Useful. Applying the framework should result in information that enables users to make decisions or take actions that further their goals.