Social Return on Investment (SROI) Analysis: An Innovative Framework for Measuring the Impact of One Health

Shubha Kumar

Abstract


Control of zoonotic diseases (and those of zoonotic origin) requires early, rapid, and coordinated actions across various sectors.  A One Health approach to control and prevent the spread of zoonotic diseases has been gaining momentum over the past decade, although we lack a rich evidence base which demonstrates the value of this approach.  An innovative mixed methods framework, social return on investment (SROI) analysis, may be a useful tool to measure and communicate the impacts of One Health initiatives, demonstrate value for money, and attract and disburse funding.  Its assessment across the triple bottom line (social, environmental, and economic) and involvement of key stakeholders throughout the analysis process may be particularly relevant for planning and evaluation of initiatives in this area.


Keywords


social return on investment; one health; impact measurement; evaluation

Full Text:

PDF HTML

References


Arvidson, M., Lyon, F., McKay, S., and Moro, D. (2010). The ambitions and challenges of SROI. Third Sector Research Centre. Working Paper 49.

Brest, P., Harvey, H. (2008). Money well spent: a strategic plan for smart philanthropy. Bloomberg Press, NY.

Clark, C; Rosenzweig, W; Long, D; and Olsen, S. (2004). Double Bottom Line Project Report: Assessing Social Impact in Double Bottom Line Ventures Methods Catalog. Columbia Business School: RISE. Accessed 3/2008 online at http://www.riseproject.org/index.html.

Das, P., Eijkemans, C., Van Cooten, J. (2009). Social return on investment: a further exploration of its relevance and applicability in the development sector. Contextuals. No 8, 19 pgs.

Durie, S., Hutton, E., Robbie, K. (2009). Investing in impact: developing social return on investment. Social Economy Scotland.

Durie, S. (2009). Social Return on Investment: the economic and social value created by social firms. The SROI Network and the SROI Project in Scotland. Presentation, Prague 2009.

Gibbs, E.P. (2014). The evolution of One Health: a decade of progress and challenges for the future. Veterinary Record. Vol 174: 85 -91.

Global Risk Forum (GRF). Closing Plenary. 2nd GRF One Health Summit. Davos, Switzerland. November 20th, 2013. Retrieved online December 30, 2013 from https://www.conftool.pro/onehealth2013/sessions.php.

Hecht, R., Stover, J., Bollinger, L., Muhib, F., Case, K., and de Ferranti, D. (2010). Financing of HIV/AIDS programme scale-up in low-income and middle-income countries 2009-31. The Lancet. Vol 376: 1254 - 1260.

Kumar, S. (2011a). Social return on investment (SROI) analysis: A new tool for strategic decision making, planning and evaluation for managers, investors, and policy makers in international aid and development. (Doctoral Dissertation). Retrieved from ProQuest Dissertations and Theses. (Accession Order No. 3520061)

Kumar, S. (2011b). Social return on investment analysis: a new tool for priority setting and strategic decision making in global health? 2nd Global Health Metrics & Evaluation Conference Abstracts. The Lancet. Vol 377, Issue 9770, Supplement. Published online March 14th, 2011.

Lawlor, E., Nicholls, J., and Nietzert, E. (2009). Seven principles for measuring what matters: a guide to effective public policy-making. The New Economics Foundation.

New Economics Foundation (NEF). (2007). Measuring real value: a DIY guide to Social Return on Investment. New Economics Foundation. Accessed 3/2008 online at http://www.neweconomics.org/gen/z_sys_PublicationDetail.aspx?pid=241.

New Economics Foundation (NEF). (2004). Social Return on Investment: Valuing what matters. New Economics Foundation. Accessed 3/2008 online at http://www.neweconomics.org/gen/z_sys_publicationdetail.aspx?pid=180.

Nicholls, Lawlor, Neitzert, and Godspeed. UK Cabinet Office of the Third Sector. 2009. A Guide to Social Return on Investment. Accessed online June 2010 from http://www.thesroinetwork.org.

REDF. (2002). A Report from the Good Ship SROI. REDF. Accessed 3/2008 online at http://www.redf.org/publications-sroi.htm.

The Rockefeller Foundation and Goldman Sachs Foundation. (2004). Conference Report on Social Impact Assessment. Accessed 3/2008 online at http://www.riseproject.org/index.html.

Scholten, P., Nicholls, J., Olsen, S., and Galimidi, B. (2006). Social Return on Investment: A Guide to SROI Analysis. Lenthe Publishers, Amsterdam, the Netherlands.

Scholten, P. (2009). Social Return on Investment: Valuing what matters. SROI Seminar March 16, 2009. Context International Cooperation, the Netherlands.

United Nations. (2004). The impact of AIDS. Retrieved online January 11, 2014, from http://www.un.org/esa/populations/publications.htm.

World Bank. (2012). People, pathogens and our planet volume 2: the economics of One Health. Retrieved online January 15, 2014, from https://openknowledge.worldbank.org/bitstream/handle/10986/11892/691450ESW0whit0D0ESW120PPPvol120web.pdf?sequence=1