ACT Group Impact Report 2017 has been published

ACT Group and its six member organisations implemented 21 projects in various areas (ecological agriculture, sustainable waste management, textile production, home care, education, design and printing, accounting and bookkeeping services, education, consulting and other services) for more then 15.000 direct beneficiaries in 2017.

We had total annual revenue of USD 1.413.194 (48% revenue from sales of goods and services) and all member organizations ended the year positively with profit after taxation of USD 45.138.

The return to the state budget (through contributions and wages, VAT, profit tax) amount was USD 211.857, or 41% more than received from direct state donations. Compared with the previous year, this represents anincrement by 28%.

43% of our 51 workers in total are in disadvantaged positions – for them we paid USD 221.901 in wages and salaries, of which only 22% were covered by subsidies for disadvantaged workers. The ratio between the lowest and the highest salary is 1:3,9, and USD 12.601 is each worker added value realized.

In 2017 187 persons volunteered 3.872 hours through a variety of intellectual and/or social services and physical work – volunteers contribution to the social value was USD 21.683. We created USD 750.133 of value for the local community, while we received only USD 48.266 (18: 1) from the local budget.

This is just a part of the consolidated Annual Report on the Social impact of the ACT Group and its members that has been released and can be downloaded here.

We used the Social Return of Investment (SROI) methodology to calculate how much social value was generated by using available resources (capital, time, infrastructure and others) over a year.

ACT Group was the first organization in Croatia that started measuring its social impact in 2013 and  we regularly publish our annual reports ever since. We’ll continue with this practice, but we can also do it for all other stakeholders and social economy actors through the Social Value Croatia network we are about to launch.

All too often key decisions about resources and policies are made using a limited economic concept of value, which fails to consider important effects on people and the environment. As the gap between rich and poor increases and the effects of climate change become more apparent, our work has never been more urgent.

Feel free to contact us if you need more information on our work or how to measure your social impact.