Social Value Assessments
Social value methods measure the impact of services, assets or products for affected stakeholders. They allow the quantification of social sustainability issues that are often ignored by traditional financial accounting mechanisms. The methods also provide insight in to upstream and downstream social impacts that are an increasing area of focus for sustainability reporting and strategy.
Social value methods can be used to:
- Identify and prioritise social metrics and embed these within sustainability strategies
- Understand social risks within the organisation and within your supply chain
- Identify areas of improvement in internal processes
- Communicate previously non-monetized value to funders and stakeholders
SROI is also awarded credits under the Green Building Council of Australia’s Green Star Communities and the Design and As Built rating tools.
Edge Environment provide strategic advisory, social return on investment (SROI) and social life cycle assessment (S-LCA) services.
Strategic Social Impact/Value
Good strategy considers triple bottom line impacts and opportunities for an organisation. Our materiality approach adopts a triple bottom line methodology that is inclusive of social value and social risk.
Social Return on Investment
SROI engages stakeholders to identify and monetise impacts of services or products. These values are then compared with the initial investment to determine a ratio of return. SROI practice draws guidance from internationally agreed principles and a network of practitioners.
S-LCA is a method to assess the actual or potential positive or negative impact across a products life cycle. The S-LCA methodology and standards are aligned with environmental LCA methodology and can be combined with life cycle costing (LCC) and LCA to provide a whole of life triple bottom line optimisation.