The results analysed include the direct beneficiaries, the environment and the Company, with the goal of generating lasting and transformative benefits.
Galp aims to guarantee the just and fair allocation of resources, as well as optimising the results generated by each project.
The objective is to stimulate opportunities for growth and wealth generation in the community, in a context of shared value creation among all stakeholders.
Galp has adopted several evaluation and reporting methodologies for this purpose.
Our Organisations has been using the London Benchmarking Group (LBG) methodology since 2012, reporting our contributions according to the defined criteria.
We evaluate our social projects using SROI methodology. This methodology is based on a cost-benefit analysis of the social value generated by the intervention of the organisation. This enables projects to be evaluated and selected, in order to invest in those that present greater impact potential.
Two projects were evaluated during the year:
In 2017 we chose the Missão Up as a social project to be evaluated according to this methodology. This program, promoted by Galp since the academic year 2010/2011, has a SROI of € 1: € 3.14, generating € 3.14 of positive social impact for each € 1 invested.
More about our impact on communities
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