DEWA conducts SROI analysis on LED light bulb project
Social Return on Investment assessment shows value of LED project with MBRHE
Dubai Electricity and Water Authority (DEWA) has conducted a Social Return on Investment (SROI) analysis on one of its projects for LED lighting retrofits.
SROI analysis is a measurement of value that includes social, environmental and other benefits in addition to financial benefits.
DEWA conducted an SROI analysis for the first phase of a project in Mohammed Bin Rashid Housing Establishment villas to replace lamps with LED lamps, which included an energy-efficiency awareness campaign. The SROI was calculated at AED 2.87 for every dirham DEWA invested in the project.
The SROI, which was accredited by Social Value UK, for this project was calculated based on the financial savings for home owners as a result of installing LED bulbs and the reduction in carbon emissions, among other factors.
“The SROI result proves that DEWA is on the right track to achieve the vision of our wise leadership, which is the basis for our ambitious initiatives, programmes, and projects. These consolidate sustainability with its economic, social, and environmental aspects within an organisational framework and integrated system to ensure sustainable results. This achieves the Dubai Clean Energy Strategy 2050 to make Dubai the city with the lowest carbon footprint in the world by 2050 and the Carbon Abatement Strategy to reduce carbon emissions by 16% by 2021, and the Demand Side Management Strategy to reduce energy and water use by 30% by 2030. This contributes to achieving DEWA’s vision to become a globally leading, sustainable, innovative corporation. We will use the SROI methodology to measure the social impact of DEWA’s major projects and initiatives,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.