Ayala Foundation has received the Social Value Certificate, becoming the first organization in Asia to be recognized by the United Kingdom-based Social Value International (SVI).
Ayala Foundation, the social development arm of the Ayala group, was given the Level One Certification for implementing projects in line with Social Value Principles.
The Level One Certificate was given by Social Value International, a global network that focuses on social impact and social value. This means that the foundation is committed to implementing “systems and processes that are consistent with the Social Value Principles.”
According to the certifying body, “These systems and processes will help Ayala Foundation to measure, manage, and maximize their social value.”
The certificate was awarded to the foundation following a stringent examination process. Covering a two-year period, the certificate also expresses the foundation’s commitment to progressing to the next levels—Level Two (Implement) and Level Three (Maximize).
The Social Value Certificate proves that Ayala Foundation’s initiatives in managing its social impact are aligned with international standards. It also shows that the foundation is following a clear pathway in managing and maximizing its social impact.
Social Value International cited the Philippines’ pioneering corporate foundation founded in 1961 for establishing projects through the years that have to do with science and technological research and development, education, community development, and arts and culture.
“AFI envisions communities where people are productive, creative, self-reliant, and proud to be Filipino. As a believer in creating shared value and inclusive business, it has four key program areas—Education, Youth Leadership, Sustainable Livelihood, and Arts and Culture,” says the SVI about the certified foundation.
In the past year, Ayala Foundation has sharpened its focus on measuring the impact of its programs. Using the principles and methods of Social Return on Investment (SROI) as a framework to measure social value, the foundation looks closely at how deeply and how sustainably an intervention impacts its stakeholders, while also showing possible areas for improvement.
SROI measures non- or extra-financial value, covering such items as social or environmental impact, among others. While using the SROI methodology primarily assigns a financial proxy to impacts, it also allows for the inclusion of quantitative but non-monetized, qualitative, and narrative information.
Briefly speaking, SROI looks at the return or impact earned by social investment. The higher the return or impact for every one peso worth of investment, the greater the social impact.
For example, Ayala Foundation’s multi-prong community development initiatives in El Nido, Palawan, has proved to generate significant value. Covering education, livelihood, tourism development, and other initiatives, the El Nido program works with business, local government, community, educational institutions, and organizations. As a result, each sustained initiative in El Nido has generated for Ayala Foundation and its stakeholders an SROI of 1:26.48—or a PhP26.48 return for every peso investment.
SEND congratulations for Ayala Foundation, embracing the social value in their projects for the Philippines!
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