Integrated Thinking: The reality. Stephen Smith.
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This document discusses integrated thinking and social return on investment (SROI). It explains that integrated thinking requires organizations to consider how decisions in one area can impact other areas, like financial, manufactured, intellectual, social, human, and natural capital. The document then outlines the six step SROI process of establishing scope, mapping outcomes, evidencing outcomes, establishing impact, calculating the SROI ratio, and reporting results. It provides examples of how SROI has been applied in the mining industry to understand the social and environmental value created through investments.
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Integrated Thinking: The reality. Stephen Smith.
- 1. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level 22 November 2016 Integrated Thinking: The reality
- 2. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level South Africa over the past few months
- 3. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level The Customer at the center…
- 4. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level Organisations are complex and require “IntegratedThinking” •Market perception •License to operate Financial Capital •Supply chain optimisation •Supplier development •Skills development Manufactured Capital •Knowledge management •Talent management retention Intellectual Capital •Congruent with context •Responsible employer •Market perception •Marketing and communications Social Capital •Environmentally conscious •Scarcity of resources Natural Capital •Employee engagement •Talent acquisition •Change management •Skills development •Leadership development Human Capital IntegratedThinking
- 5. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level #FeesMustFall
- 6. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level The result is an understanding of the theory of change for each stakeholder group and an index that compares monetised outcomes to the investment required to generate it. SROI is a method for understanding, measuring and reporting on the value that is created by an organisation, an initiative, activity or service. It attributes a value to each outcome using stakeholder engagement, research and common accounting and investment appraisal methods. Social Return on Investment (SROI)
- 7. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level 1. Establish scope & identify stakeholders 2. Map outcomes 3. Evidence outcomes 4. Establish impact 5. Calculate the SROI 6. Report, use and embed SROI Process
- 8. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level The Impact Calculation xImpac t = Financial Proxy Displacement % x x x What would have happened anyway? What can be attributed to others? Does the outcome reduce in future years? What activity did we displace? A financial estimate assigned to a social value Deadweight % Attribution % Drop-off %
- 9. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level The SROI Ratio The 702 Sun International CEO SleepOutTM 2015 most definitely achieved its’ objective
- 10. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level The results of an SROI analysis is more than just a report Numbers Facts Evidence Stories People Faces Parameters Optimisation Impact Report, Use and Embed
- 11. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level SROI in the mining industry
- 12. Click to edit Master title style • Click to edit Master text styles – Second level • Third level – Fourth level » Fifth level Sustainability@IQ For further information on this material, please contact: Stephen Smith Phone : + 27 11 259 4000 Mobile : +27 83 442 7423 ssmith@iqbusiness.net
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