Social Impact Assessment Project Fund (SIA Fund)
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SIA FUND OF HKI-SIA
With generous donations from the RS Group and the Xu Family Charitable Foundation, HKI-SIA launched the Social Impact Assessment Project Fund (SIA Fund) to accelerate the development of the professional discipline of social value accounting and impact evaluation in Hong Kong, Mainland China and the nearby region.
In essence, the SIA Fund provides seed funding to support the development of HKI-SIA in its early start-up stage. Fund disbursements however would be tied in with research and consultancy projects that serve strategic purposes in catalyzing the development of professional practices.
Projects supported by the sia fund
1. Exploratory Research on Wellbeing Valuation: Pioneered in the UK, wellbeing valuation is a methodology with a high level of rigor that could assist a wide range of social service operators to monetize their social outcomes. HKI-SIA engaged the Centre for Quality of Life at the Chinese University of Hong Kong to undertake an exploratory study to examine the feasibility of introducing the valuation methodology to both Hong Kong and Mainland China.
2. SROI and B Impact Assessment Comparative Study: This study assesses the social impact of two work-integration social enterprises using both SROI and B Impact Assessment (an impact evaluation tool advanced by B Lab). The findings of the research will shed light on the complementarities as well as the strengths and weaknesses of these two major impact assessment frameworks in the context of employment creation social enterprises.
3. Use of SROI as an Enterprise Valuation Tool: This research uses SROI as an enterprise valuation tool in a hypothetical Direct Public Offering (DPO) exercise to raise expansion capital for a social enterprise. Many social enterprises face the challenge of translating its social impact into monetized terms for assessment by potential impact investors. This research aims to broaden the scope of accounting for value using SROI so as to support the development of the social capital market.
4. A Study to Integrate TEEB and SROI: TEEB (The Economics of Ecosystems and Biodiversity) is a global initiative focused in examining the economic benefits of biodiversity including the growing cost of biodiversity loss and ecosystem degradation. Through this study, the Institute aims to incorporate TEEB into the SROI framework and examine possible ways of integrating social impact analysis with environmental impact assessment.
The key findings of the research projects supported by the SIA Fund will be shared with other researchers and evaluation practitioners through the Institute’s research e-bulletin which will be launched in the second quarter of 2015.
2. SROI and B Impact Assessment Comparative Study: This study assesses the social impact of two work-integration social enterprises using both SROI and B Impact Assessment (an impact evaluation tool advanced by B Lab). The findings of the research will shed light on the complementarities as well as the strengths and weaknesses of these two major impact assessment frameworks in the context of employment creation social enterprises.
3. Use of SROI as an Enterprise Valuation Tool: This research uses SROI as an enterprise valuation tool in a hypothetical Direct Public Offering (DPO) exercise to raise expansion capital for a social enterprise. Many social enterprises face the challenge of translating its social impact into monetized terms for assessment by potential impact investors. This research aims to broaden the scope of accounting for value using SROI so as to support the development of the social capital market.
4. A Study to Integrate TEEB and SROI: TEEB (The Economics of Ecosystems and Biodiversity) is a global initiative focused in examining the economic benefits of biodiversity including the growing cost of biodiversity loss and ecosystem degradation. Through this study, the Institute aims to incorporate TEEB into the SROI framework and examine possible ways of integrating social impact analysis with environmental impact assessment.
The key findings of the research projects supported by the SIA Fund will be shared with other researchers and evaluation practitioners through the Institute’s research e-bulletin which will be launched in the second quarter of 2015.
INITIAL CONTRIBUTORS TO THE SIA FUND
The RS Group and the Xu Family Charitable Foundation are the initial funders supporting the establishment of the SIA Fund.
RS Group is a family office based in Hong Kong. Its mission is to be a catalytic force in creating a paradigm shift in people’s values and priorities so economic growth does not jeopardize human development and environmental sustainability.
A Hong Kong-registered charity, the Xu Family Charitable Foundation is a sister organization of the Beijing-based Yifang Foundation. The two foundations share the common vision in promoting the professionalisation of the charity and not-for-profit sector in China, so as to build social equality and drive social innovation.
RS Group is a family office based in Hong Kong. Its mission is to be a catalytic force in creating a paradigm shift in people’s values and priorities so economic growth does not jeopardize human development and environmental sustainability.
A Hong Kong-registered charity, the Xu Family Charitable Foundation is a sister organization of the Beijing-based Yifang Foundation. The two foundations share the common vision in promoting the professionalisation of the charity and not-for-profit sector in China, so as to build social equality and drive social innovation.
成立社會影響評估項目基金
為了加快社會影響評估與社會價值會計學的專業知識在香港、國內以及鄰近地區的發展，香港社會效益分析師學會（HKI-SIA）推動成立了「社會影響評估項目基金」（SIA基金）。基金的成立得到了RS Group及徐氏家族慈善基金會的慷慨捐助，基金的起始資金超過港幣一百萬元。
換言之，設立SIA基金的主要目的是要為HKI-SIA提供種子資金以支持其於初創階段的發展，而基金的運用會與不同的研究和諮詢項目掛鉤，推展具戰略目標的工作，以推動專業實務的發展。
基金已資助的項目
1. 幸福感估值法的探索性研究：幸福感估值法有高度的嚴謹性，能幫助多種類型的社會團體將它們的社會成果轉換成貨幣單位，此方法已率先於英國使用。學會與香港中文大學生活質素研究中心合作，進行探索性研究，探討在香港和中國大陸引進此估值法的可行性。
2. SROI與B Impact Assessment （BIA）的比較研究：此研究同時運用SROI及BIA兩套框架，以評估兩所以就業融合為目標的社會企業的社會效益。這項研究的結果，有助我們了解兩套評估方法的優點和缺點，以及兩者之間能互補之處。
3. 以SROI作為企業估值的工具：此研究旨在以SROI作為企業估值的工具，模擬為一社會企業以「直接公開發行」（DPO）作集資，籌集企業擴張所需的資本。現時許多社企都不懂得如何將它們的社會價值轉換成貨幣單位，令潛在的影響力投資者不能作企業估值；這項研究是要擴濶SROI的使用範圍，以支持創投資本市場的發展。
4. 結合SROI與TEEB的應用研究：「生態系統和生物多樣性經濟學」（簡稱TEEB）目前正於全球被推廣，其知識體系的重點在於倡議生物多樣性的經濟價值，並為生態系統退化和喪失生物多樣性的高昂成本作提醒。通過這項研究，學會嘗試將TEEB加入進SROI的評估框架，並探索可行的方法以合併社會效益分析與環境影響評估的作業。
這些項目的主要研究結果，將會透過學會即將於2015年第二季度推出的電子研究簡報，與其他研究人員及從事社會影響評估的從業員分享。
2. SROI與B Impact Assessment （BIA）的比較研究：此研究同時運用SROI及BIA兩套框架，以評估兩所以就業融合為目標的社會企業的社會效益。這項研究的結果，有助我們了解兩套評估方法的優點和缺點，以及兩者之間能互補之處。
3. 以SROI作為企業估值的工具：此研究旨在以SROI作為企業估值的工具，模擬為一社會企業以「直接公開發行」（DPO）作集資，籌集企業擴張所需的資本。現時許多社企都不懂得如何將它們的社會價值轉換成貨幣單位，令潛在的影響力投資者不能作企業估值；這項研究是要擴濶SROI的使用範圍，以支持創投資本市場的發展。
4. 結合SROI與TEEB的應用研究：「生態系統和生物多樣性經濟學」（簡稱TEEB）目前正於全球被推廣，其知識體系的重點在於倡議生物多樣性的經濟價值，並為生態系統退化和喪失生物多樣性的高昂成本作提醒。通過這項研究，學會嘗試將TEEB加入進SROI的評估框架，並探索可行的方法以合併社會效益分析與環境影響評估的作業。
這些項目的主要研究結果，將會透過學會即將於2015年第二季度推出的電子研究簡報，與其他研究人員及從事社會影響評估的從業員分享。
