Social Return on Investment (SROI)
SisterWorks commissioned Social Ventures Australia (SVA) Consulting to understand and put a value on the impact of SisterWorks on the community over the past four years from February 2015 to February 2019. The SROI methodology was used to complete this analysis. SROI is a framework for understanding, measuring and accounting for social, economic and environmental value. It places a monetary value on the impact (the benefit) of an activity, and compares this with the cost incurred in creating that benefit.
SROI is stakeholder informed so it requires direct engagement with those who experience change. This report is informed by over 30 interviews, two focus groups with migrant women, and an online volunteer and intern survey. In addition, the researchers reviewed and analysed programmatic and financial data, and conducted external research.
Benefits for migrant women
Impact of SisterWorks
Over the period of February 2015 – February 2019, the Social Return on Investment (SROI) analysis found that SisterWorks generated positive social value for migrant women, volunteers, customers, and the Government:
Key findings and insights
The SROI research and analysis provides critical insights into how SisterWorks contributes to the community.
- SisterWorks assists migrant women to thrive
- SisterWorks’ success is grounded in the strong culture of the organisation
- SisterWorks help migrant women to realise their ‘Australian Dream’
- SisterWorks is in a unique position to support migrant women to overcome social and financial challenges