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Volume 06 Issue 12 December 2023

Towards a Healthier Boyolali Community: The Social Return on Investment (SROI) on the Family Care Health Optimization Service Program (Yok Peka)
1Fendy Eko Wahyudi, 2Muhammad Subhan, 3Muhammad Arief Zuliyan, 4Betie Febriana
1,2,3Department of International Relations, Universitas Diponegoro, Jl. Prof. Sudarto, Semarang, Indonesia 50139
4Faculty of Nursing, Universitas Islam Sultan Agung, Jl. Kaligawe Raya, Semarang, Indonesia 50112
DOI : https://doi.org/10.47191/ijmra/v6-i12-35

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ABSTRACT:

PT Pertamina Patra Niaga Fuel Terminal (FT) Boyolali, commonly referred to as FT Boyolali, is a fuel terminal that is part of the leading lubricant company in Indonesia, namely PT Pertamina Lubricants. FT Boyolali has several Corporate Social Innovation (CSI) programs spread across the company’s closest area, including Teras District, in Boyolali Regency. The program entitled Yok Peka is a form of Social Innovation carried out by FT Boyolali to address social problems to prevent and deal with health cases in pregnant women and toddlers in Boyolali Regency, especially cases of stunting and cases of Chronic Energy Deficiency (CED) pregnant women. Apart from that, this program also supports the formation of economic empowerment of health cadres and the community to balance health standards with improving the community's economy. The effectiveness of the CSI Yok Peka program is measured using the social return on investment (SROI) method to determine the output and outcomes felt by various stakeholders and also to determine the comparison (ratio) between investment and benefits quantitatively. SROI is a method companies can use to measure the return on business investment for a program or social activity carried out using a financial quantification (monetization) calculation approach. The results of the SROI analysis of the Yok Peka program in the period 2020 to 2022 show a benefit value of IDR 635.799.963 compared to an investment value of IDR 165.650,000. In other words, every investment of IDR 1 in the Yok Peka program can produce benefits of IDR 3.84 (SROI = 1: 3.84).

KEYWORDS:

Yok Peka, Chronic Energy Deficiency (CED), Social Return on Investment (SROI), Corporate Social Responsibility (CSR), Corporate Social Innovation (CSI).

REFERENCES
1) Budiono, A. (2012), Social Impact Measurement: A Literature Review of the Method, Limitations and Applications [Pengukuran Dampak Sosial: Sebuah Tinjauan Literatur Terhadap Metode, Keterbatasan dan Aplikasinya]. Bina Ekonomi Vol 21 No 2, 132-139.

2) Lawlor, E., Neitzert, E., & Nicholls, J. (2008). Measuring Value: A Guide to Social Return on Investment (SROI). The New Economics Foundation, Second edition, 56. https://commdev.org/wp-content/uploads/2015/06/Measuring-Value-A-Guide-to-Social-Return-on-Investment.pdf

3) Nicholls, J., Lawlor, E., Neitzer, E., & Goodspeed, T. (2009). A guide to Social Retum on Investment. Development, 3(January), 55. http://scholar.google.com/scholar?hlmen&btnG=Search&q=intitle:A+guide+to+Social+Return+on+Investment#6

4) Purwohedi, U. (2016). Social Return on Invesment (SROI) - A Technique for Benefit-Measuring/Impact of a Program or Project [Sebuah Teknik untuk Mengukur

5) -Manfaat/Dampak dari Sebuah Program atau Proyek]. June 2016.

6) Regulation of the Minister of Environment and Forestry Number 1 of 2021 concerning Programs for Evaluation of Corporate Performance Ratings in Environmental Management [Peraturan Menteri Lingkungan Hidup dan Kehutanan Nomor 1 Tahun 2021 tentang Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup]. 1-312.

7) Santoso, M. B., Adit Enegara, R. Ismanto, S. U., Mumajad, I., & Mulyono, H. (2018). Assessment of the Impact of CSR Implementation Social Investment. Jurnal Pemikiran Dan Penelitian Administrasi Bisnis Dan Kewirausahaan, 3(2), 153-167.

8) V. Then et al. (2017). Special Return on Investment Analysis: Measuring the Impact of SocialInvestment. Palgrave Studies in Impact Finance.
Volume 06 Issue 12 December 2023

There is an Open Access article, distributed under the term of the Creative Commons Attribution – Non Commercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting and building upon the work for non-commercial use, provided the original work is properly cited.


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