Monitoring and evaluation of socioeconomic impacts under the project “Enhancing value addition to sugarcane products through BCG principles to create a prototype of self-sustainable, integrated sugarcane farmer community enterprises”

Abstract

This research aims to evaluating the success of a project within the framework of sustainable development, specifically through alignment with the Sustainable Development Goals (SDGs), Environmental, Social, and Governance (ESG) principles, and the Bio-Circular-Green Economy (BCG) model. The case study focuses on the project entitled "Enhancing the Value of Sugarcane Products through BCG Principles to Establish a Prototype of a Self-Sustaining, Integrated Sugarcane Farmers' Community Enterprise." The findings results that the project successfully addressed existing challenges and enhanced effectiveness in alignment with sustainability objectives. However, in the long term, the evaluation of the project's impact revealed a lack of efficiency, as evidenced by the Social Return on Investment (SROI) analysis, which yielded a ratio of only 0.64. This case study underscores the importance of selecting appropriate conceptual approaches for problem-solving and project development, as well as the need for comprehensive strategies for long-term impact monitoring and valuation.

GRAPHICAL ABSTRACT

HIGHLIGHTS

• The project achieved short-term goals aligned with SDGs, ESG, and BCG, but some activities were not sustained post-implementation.
• Social Return on Investment (SROI) was low at 0.64, indicating limited long-term efficiency relative to sustainability investments.
• Emphasizes the need for contextualized development strategies and long-term impact evaluation to realize future value.