The Design Of Social Return On Investment (SROI) Calculation Standard Operation Procedure (SOP) For PT ASDP Indonesia Ferry (Persero)

Authors

  • Muhammad Fathin Bandung Institute of Technology, Indonesia
  • Yudo Anggoro Bandung Institute of Technology, Indonesia

DOI:

https://doi.org/10.35313/ijabr.v7i01.509

Keywords:

Social Return On Investment (SROI), Standard Operation Procedure (SOP), Corporate Social Responsibility (CSR), State Owned Enterprises (SOE)

Abstract

Developing a Standard Operating Procedure (SOP) and incorporating Social Return on Investment (SROI) into the CSR tree planting program are the main objectives of this study. SROI provides a framework for evaluating the approach's economic, social, and environmental worth by connecting activities with goals for financial gains and carbon offsets. The SOP offers detailed instructions for choosing species, planting methods, and maintenance, with a focus on compact planting spaces for effectiveness and impact. a Comprehensive Monitoring, Reporting, and Verification (MRV) systems combined with stakeholder collaboration are intended to promote sustainability, transparency, and ongoing development. These tactics guarantee that social, economic, and environmental objectives are met in a harmonious way.

Downloads

Download data is not yet available.

References

Agustian, Hendri. (2022). Proposed Improvement Of Crude Oil Supply Management In PT. XYZ Using Six Sigma DMAIC.

Brouwers, J., Prins, E., & Salverda, M. (2010). Social return on investment: A practical guide for the development cooperation sector. Context, international cooperation. ISBN: 978-90-77526-06-4.

Cavender-Bares, J. M., Nelson, E., Meireles, J. E., Lasky, J. R., Miteva, D. A., Nowak, D. J., et al. (2022). The hidden value of trees: Quantifying the ecosystem services of tree lineages and their major threats across the contiguous US. PLOS Sustainability and Transformation, 1(4), e0000010. https://doi.org/10.1371/journal.pstr.0000010

Cisneros, E., Kis-Katos, K., & Nuryartono, N. (2021). Local deforestation spillovers induced by forest moratoria: Evidence from Indonesia. Journal of Environmental Economics and Management, 108, 102453. https://doi.org/10.1016/j.jeem.2021.102453.



Creswell, J. W., & Creswell, J. D. (2018). Research design: Qualitative, quantitative, and mixed methods approaches (5th ed.). SAGE Publications.

Deliou, Cleopatra & Malagkoniari, Maria. (2023). The use of Cause and Effect Diagram (Fishbone) and its impact on Personal Quality Management: Case Study in a classroom during the pandemic of COVID – 19. International Conference on Business and Economics - Hellenic Open University. 1. 10.12681/icbe-hou.5298.

Fleischman, Forrest & Basant, Shishir & Chhatre, Ashwini & Coleman, Eric & Fischer, Harry & Gupta, Divya & Güneralp, Burak & Kashwan, Prakash & Khatri, Dil & Muscarella, Robert & Powers, Jennifer & Ramprasad, Vijay & Rana, Pushpendra & Rodriguez, Claudia & Veldman, Joseph. (2020). Pitfalls of Tree Planting Show Why We Need People-Centered Natural Climate Solutions. BioScience. 70.

Ghosh, Sahana. (2023). Planting trees alone won’t solve the climate crisis. https://doi.org/10.1038/d44151-023-00166-1. https://www.nature.com/articles/d44151-023-00166-1.

Hong, Paul & Hong, Soon & Roh, James & Park, Kihyun. (2012). Evolving benchmarking practices: A review for research perspectives. Benchmarking: An International Journal. 19. 444-462. 10.1108/14635771211257945.

Jeyaraj, A., & Sauter, V. L. (2014). Validation of business process models using swimlane diagrams. Journal of Information Technology Management, 25(4), 1–15. Association of Management.

Johansyah, William Putra. (2021). Social Return On Investment Of Waste Processing CSR Project At PT. Kereta Api Indonesia (Persero).

Maldonado, M., & Corbey, M. (2016). Social Return on Investment (SROI): A review of the technique. Maandblad Voor Accountancy en Bedrijfseconomie, 90(1), 79-86. https://doi.org/10.5117/mab.90.31266

Opoku, Alex. (2024). The Elgar Companion to the Built Environment and the Sustainable Development Goals. 10.4337/9781035300037.

Pollman, Elizabeth. (2022). The Making and Meaning of ESG. Research Paper No. 22-23. University of Pennsylvania Carey Law School. Institute For Law And Economics.

Preece, N. D., van Oosterzee, P., & Lawes, M. J. (2023). Reforestation success can be enhanced by improving tree planting methods. Journal of Environmental Management, 336, 117645. https://doi.org/10.1016/j.jenvman.2023.117645

Pyzdek, T., & Keller, P. (2009). The Six Sigma handbook (3rd ed.). McGraw-Hill Education.

Saputro, Arip Hermawan Dwi. (2021). Evaluating The Implementation Of Standard Operating Procedure (SOP) According To Knowledge Management (Case Study Of Bank Keluarga's Frontliner).
Sarwar, J., Khan, A. A., Khan, A., Hasnain, A., Arafat, S. M., Ali, H. U., Uddin, G. M., Sosnowski, M., & Krzywanski, J. (2022). Impact of Stakeholders on Lean Six Sigma Project Costs and Outcomes during Implementation in an Air-Conditioner Manufacturing Industry. Processes, 10(12). https://doi.org/10.3390/pr10122591.

Showkat, Nayeem & Parveen, Huma. (2017). In-depth Interview.

Tripathy, J. P. (2013). Secondary data analysis: Ethical issues and challenges. In Iranian Journal of Public Health (Vol. 42, Issue 12).

United Nations. (2015). Transforming our world: The 2030 agenda for sustainable development. United Nations General Assembly. https://www.un.org/sustainabledevelopment/development-agenda/

Walliman, N. (2021). Research Methods The Basics. ISBN 0-203-83607-3 Master e-book ISBN

Waring, B., Neumann, M., Prentice, I. C., Adams, M., Smith, P., & Siegert, M. (2020). Forests and decarbonization – Roles of natural and planted forests. Frontiers in Forests and Global Change, 3, 58. https://doi.org/10.3389/ffgc.2020.00058

Yussif, Abdul-Majeed & F.G.K., Adobaturu & L.W., Chibeltu & O.P., Aovare & E.A., Bangase. (2023). Stakeholder Mapping in Higher Education Management in Ghana: Insights from C. K. Tedam University of Technology & Applied Sciences. Journal of Advanced Research and Multidisciplinary Studies. 3. 69-81. 10.52589/JARMS-TARS345R.

Zhang, Gongqiao & Hui, Gangying & Hu, Yanbo & Zhao, Zhonghua & Guan, Xiuling & Gadow, Klaus & Zhang, Ganggang. (2019). Designing near-natural planting patterns for plantation forests in China. Forest Ecosystems. 6. 10.1186/s40663-019-0187-x.

Published

January 20, 2025

Dimensions Badge

How to Cite

Fathin, M., & Anggoro, Y. (2025). The Design Of Social Return On Investment (SROI) Calculation Standard Operation Procedure (SOP) For PT ASDP Indonesia Ferry (Persero). International Journal of Applied Business Research, 7(01), 103–125. https://doi.org/10.35313/ijabr.v7i01.509

Issue

Section

Articles

Similar Articles

1 2 3 > >> 

You may also start an advanced similarity search for this article.