CSE proud to help quantify SROI for Elanco’s EAGA
The Center for Sustainability and Excellence (CSE) is proud to have partnered with Elanco Animal Health Inc. to help identify the Social Return on Investment (SROI) of their East Africa Growth Accelerator (EAGA) – an initiative that provides sustainable development solutions to address potential food shortage in Tanzania, Kenya and Uganda. CSE used the SROI guidelines to evaluate the EAGA initiative during its initial period (June 2017 – December 2018) based on stakeholder testimonies. As part of the evaluation, a questionnaire was created in order to capture stakeholders’ point of view in different areas of the project. The main stakeholders that participated are distributors of the Elanco products, wholesalers, dairy and poultry smallholder farmers, agrovet shop owners and one NGO that uses interactive radio to help African farming communities support themselves. The impact, the total value of each change by stakeholder category was calculated. For the EAGA, this means that for every $1 invested by Elanco and stakeholders in the initiative, a social value of $2.48 was created for local communities in East Africa. ”CSE is extremely pleased to have worked with Elanco to help quantify the social impact of the EAGA initiative, which aims at improving livestock production and farmer’s income in Africa, said Nikos Avlonas, CSE President. A social value of $2.48 represents almost 250% improvement for dairy and poultry smallholder farmers and their families, agrovet shops, distributors and wholesalers in the region.” The SROI report on EGEA is available here. You can also read Elanco’s press release here
