IMC Organizes Conference on ‘Decoding Social Return on Investments - SRoI’
by Shrutee K/DNS
The CSR committee
of IMC Chamber of Commerce and Industry and S.P Jain Institute of Management
and Research has jointly organized the Conference on ‘Decoding Social Return on
Investments - SRoI’ on Thursday, 17th October 2019 from
10:00 am to 4:00 pm.
IMC
and SPJIMR collaborate for the effectiveness of the CSR delivery to generate
discussion on the use of SRoI as a measurement tool.
It would help the
participating CSR team in maximizing the social value and direct resources for
it and help them define process, identify people who will implement and reflect
the understanding into CSR reporting both for internal and external
stakeholders.
As India
completes 5 years of 2% mandatory CSR by India Inc, most reports can be summed
up to a definite movement from apprehension, skepticism to narrowing the number
of projects undertaken, strengthening partnership with implementing agencies
and most importantly focus on measuring impact.
SRoI is a
framework for measuring “value creation” done by the social initiatives. SRoI
measures important changes relevant to stakeholders, moving from qualitative to
measurable quantitative outcomes and outputs “that matter” for the social
change. It helps government, CSR
organisations in evaluating the projects being implemented by measuring social,
environmental and economic outcomes using monetary values. It helps
organisations in evaluating impacts of past projects, estimating impacts for
proposed projects, redefining strategy, strengthening implementation and
monitoring systems.
Considering the
importance of SRoI in present time and years to come, the attempt is to inform,
sensitize and prepare the CSR teams of India for creating greater social
impact.
Mr. Jignesh
Shetty, Associate Director, Sustainability and CSR Advisory - KPMG in India and
Ms. Rukaiya Joshi, Professor - Chairperson, CEdSS - SPJIMR will lead the
Conference. Representatives from Corporates, CSR, NGOs and UNDP will deliberate
on the discussion on various aspects and issues in implementation of SRoI. They
would try to see how they can implement SRoI in their projects.
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