Social Return on Investment (SROI)
According to Social Value International, social value is about understanding the importance that people place on changes to their wellbeing and using the insights gained to make better decisions. Social value takes into account both financial and non-financial measures to assess the impacts that a set of activities has on people and community. By accounting for a broader sense of value beyond financial returns alone, entities can make better decisions for people and the planet.
In April of this year our General Manager and Executive Officer attended a 2 day training with Social Value Aotearoa to better understand the principles of social return on investment (SROI) and gain international knowledge of best practices of social value measurement and management.
In our role as Iwi-Māori Partnership Boards (IMPBs) we have legislated responsibilities that include monitoring the health system and then influencing the commissioning cycle locally to ensure service delivery within our rohe is fit for purpose. SROI training supports this function of IMPB’s by giving us a broader lens by which we can view service provision and enables us to calculate the wider social impacts these services and service providers have for our people and our community.
