Challenge
Monitoring and assessment practices in the context of private social investment are essential for companies to improve how they measure the success of their initiatives and their impact on sustainable development.
Recognizing the importance of these practices, the ArcelorMittal Foundation, the social organization within the ArcelorMittal Group, sought IDIS to develop a Monitoring and Assessment Plan in order to strengthen the organization’s assessment culture.
IDIS also conducted an assessment based on the Social Return on Investment (SROI) protocol for the Foundation’s initiatives Training the Public Education Network of Piracicaba (in Portuguese Formação da Rede Pública de Ensino de Piracicaba) and Training Educators (in Portuguese Formação de um Coorte de Educadores), both part of the Liga STEAM Program, a strategy aimed at gathering partners and strengthening investments in education in Brazil.
Solution and Results
IDIS developed a comprehensive Monitoring and Assessment Plan, highlighting the strengths of the initiatives and offering suggestions for improvement. Additionally, a Tools and Best Practices Guide was created in order to facilitate the M&A plan implementation by the of ArcelorMittal Foundation.
The implementation of the plan will enable the Foundation to monitor results in the next project cycle, as well as expand their capacity to develop M&A plans in other areas of operation. This process promotes greater organizational independence and fosters a lasting assessment culture.
The SROI assessments conducted revealed a highly positive social return on investment for both initiatives analyzed, demonstrating the significant impact made by the programs.
About the Organization
Founded in 1988, the ArcelorMittal Foundation develops social projects in cities where the ArcelorMittal Group companies are present, benefiting around 400,000 people a year.
Aligned with the company’s purpose of inventing a better world, the institution invests in training to empower children and adolescents, so that they can become protagonists of their own future.
Attentive to local needs, the Foundation promotes projects in the fields of education, culture, social promotion, sports, and health, in partnership with the public sector and other institutions. In more than 30 years, initiatives promoted by the ArcelorMittal Foundation have benefited over 9 million people.
