Analysis of Social Return On Investment (SROI) To Measure The Social, Environment, And Economics Impact On The National Fattening Sheep Program (Studi At Pesantren Al-Ittifaq)

Abstract

PT Sarana Jabar Venture (SJV) is the first regional venture capital company in Indonesia, which was established with the aim to foster small entrepreneurs through financing and management guidance. The financing of cooperation implemented on the basis of the principle of mutual strengthening, mutual need and mutual benefit. In addition to financing for small medium enterprises, SJV currently is running a program that is carried by the Medco Foundation IE is a Program of the national Sheep Fattening (Prodombas) and empower the Pesantren to carry the people's economy, one of which is Pesantren Al-Ittifaq. PT Sarana Jabar Ventura viewed from its objective, may be classified as Social Entrepreneur that describes all the economic program that serves the social and mission or mission environment and invested most of the anniversary surplusnya in support of its mission, provide social innovation how to solve social problems by creating breakthrough social problem solving with the advent of Prodombas. So, produce an effect known as social impact as the effects of what organizations are doing or action against social welfare organization. One of the tools for measuring the social impact is by using Social Return on Investment (SROI) the New Economics Foundation (NEF, 2008). This research has the end result of the ratio between the number of comparisons with a benefit that is formed with a given amount of investment, with the result that means 1.05:1 each Rp. 1 invested, yielding the value of social benefits in the form of Rp. 1.05 felt by program participants in Pesantren Al-ittifaq. Because the ratio of 1:1 which is the conditions exceeds successful SROI, then PT Sarana Jabar Ventura as an investor has successfully acted as agents of social reformers because it has given the social impact that bring benefit for participants in Pesantren Al-Ittifaq.

Applying of Social Return on Investment (SROI): A Practical Review to Financial Social Value and Benefits

“…It is independent of economic profitability, as a project that can be socially beneficial even if it is not economically profitable for the investor [15]. As a means of measuring this type of profitability, the SROI index was developed [16]. SROI identifies the financial value of the social impact obtained from money invested in an activity or project.…”

Measurement of Wakarorosku Natural Program Implementation Impact PT. KPC with Social Return on Investment Approach

“…So that the purpose of the program/facility will be to provide benefits and truly be felt by the community in a sustainable manner (sustainable development). This method is very possible to see an impact so that it allows those who invest and own shares, to consider the resources they use (Khairunnisa et al, 2019). Moreover, SROI is able to monetize social impact and sustainable empowerment through a special accounting valuation (Suryani et al, 2022).…”

Analisis Pendekatan SROI

“…SROI dianggap tepat dalam memahami kegiatan investasi yang dapat memberikan dampak pada sosial, SROI sendiri merupakan sebuah studi analisis yang digunakan untuk merubah nilai dampak-dampak yang telah ditimbulkan berdasarkan indikator yang telah dipilih (Silalahi, Santoso, & Suliantoro, 2018). Berdasarkan panduan SROI, SROI merupakan kerangka yang digunakan untuk mengukur nilai yang diciptakan oleh suatu program dimana nilainya melebihi nilai finansial (Gambhir, Majmudar, Sodhani, & Gupta, 2017) dan juga dalam penggunaan SROI ditemukan banyak keuntungan yang dapat diperoleh oleh suatu komunitas untuk tetap mempertahankan dan pengembangan program (Pratono, Suyanto, Marciano, & ZURBRÜGG, 2017) Pendekatan SROI juga dapat mendatangkan keuntungan dan juga kekurangan, dengan memaksimalkan pendekatan SROI sangat memungkinkan untuk melihat dampak yang muncul pada social, ekonomi dan lingkungan sehingga para investor dan pemegang saham akan mempertimbangkan sumber daya yang mereka gunakan dimana akan meningkatkan kinerja perusahaan (Khairunnisa, Pribadi, & Prabowo, 2019) . Namun penggunaan pendekatan SROI sangat rumit karena perlu memperhitungkan banyak elemen yang bersangkutan dengan perusahaan itu, entah itu investor, customer bahkan pemegang saham sehingga membuat perhitungan dengan pendekatan SROI menjadi lebih rumit.…”