International Journal of Applied Sciences & Development
E-ISSN: 2945-0454
Volume 4, 2025
Valuing Sustainability Impact: A Comparative Study of Impact Measurement of Community Empowerment Programs Based on Social Return on Investment (SROI) in Oil and Gas Refinery Companies in Indonesia
Authors: , , ,
Abstract: SROI is a measurement tool to determine the level of success of social investments reflected in their impact. Through the calculation of SROI, companies can determine the extent of the impact of their CSR program implementation compared to the value of the investments made. In this study, the author conducted a comparative research measuring the SROI value performance of three companies, namely KPI Sungai Pakning, KPI Plaju, and KPI Kasim, during the period from 2021 to 2023. As a result, the SROI values obtained by the three companies have tended to be positive by the third year of program implementation. KPI Kasim achieved the highest SROI score of 3.08, while KPI Sungai Pakning received an SROI score of 2.99, and the lowest was KPI Plaju with a score of 1.75. However, these three companies are still positive, which means that the costs they incur for social investment have had a greater positive impact at the community level. Even so, the SROI value cannot be compared outright because there are factors that influence the SROI assessment.
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Keywords: SROI, Impact Measurement, Community Development Program, Social Innovation, Sustainable Development Goals, Oil & Gas Companies
Pages: 119-126
DOI: 10.37394/232029.2025.4.13