SROI Report Card: Year Ending March

Renaissance: Social Mission Overview SROI Report Card: Year End March GoalsMethodsSuccess Metrics Provide job skills training and employment placement to people with employment barriers Help participants at end of employment placement to access mainstream job market and/or formal education system Be a leader in sustainable reusing practices of clothing and other consumer goods Deliver six month skills training program (Reintegration Program) accredited by Emploi Québec – to eligible participants Provide ‘real world’ employment placements in retail, office administration, maintenance, shipping and handling Provide specialized training, personal counseling and post training follow up to assist participants transition into mainstream employment Continually improve collection and sorting practices to create access for low income people to modestly priced, reused consumer goods Maintain an 80% or better employment placement/return to school rate after program completion Continue to generate an operating profit while running a successful employment training program Continue to be recognized as a Bruntland enterprise in Québec Re-sell 35% or more of reused goods collected in network of stores Sell at least 95% of remaining goods to recycling operations Ensure that 5% or less of collected goods goes to landfill

Enterprise: Renaissance Quebec Location: Montreal, Quebec Date of Inception: 1994 Overview of Target Participant Group 100% unemployed and meet Emploi Québec’s eligibility requirements 89% female; more than 80% women recently arrived in Quebec 66% from Africa or Haiti 25% are people over 45 years old 54% are people 35 years and under 58% with little or no significant work experience in Quebec 36% under-educated 22% have difficulty staying employed 26% have financial difficulties Overview of Business Self financing through in-store sales accounts for 70% of Renaissance’s revenues Increased sales from last year by 9% Opened two new stores/work centres in Montreal Renovated all stores in network for better look and efficiency Sourced and implemented new management information system for collection and production processes Financial Performance Total Sales Revenue:$5,435,185 Total Grants, Gifts and Subsidies (GGS):$286,636 Total Emploi Quebec Service Contract $2,735,336 /Social Support Infrastructure: Total Sales,GGS and Government Contracts: $8,457,157 Total Operating Profit (Loss)$324,813 Total Investment:$2,697, Social Return On Investment Average Change in Societal Contribution (Target Employees):$ Annual Number of TE Completed 6 Month Reintegration Program:162 Current Year Cost Savings to Society:842, Current Year SROI31% Societal Payback Period:3.2 years Cumulative (past 3 years) Cost Savings to Society:$2,858, Annuity Multiplier:13.4 Present Value of Total Cost Savings to Society over 30 Years$7,903, Projected Long Term SROI:293% Employment Outcomes 89% of participant group that completed reintegration program entered mainstream employment or returned to school after completing employment training program 90% secured employment 65% secured full time employment 35% secured part time employment $8.62 average hourly wage for next job 10% went back to school 11% did not secure employment or go back to school Sustainable Livelihoods Outcomes Adapt training program and services to address specific employment barriers of particular groups such as: Project Integration – customized program for young visible minorities with low French speaking skills Holistic training model incorporates life skills training (e.g. budgeting), one-on-one coaching and referral to community resources to help participants effectively deal with personal issues while working As an ongoing support Renaissance multi-services office is open to all participants who finish the integration program SROI Report Card: Year End March

Definitions and Methodology Total Investment Required Represents all cash injections in the business Average Change in Societal Contribution (Target Employees) Difference between the direct societal “cost” or “benefit” contributed by the employee before hire versus after hire Current Year SROI Return on investment generated by the current year change in target employee financial position Current Year Cost Savings to Society Dollars saved that year by employing target group and eliminating or lessening government financial assistance Societal Payback Period The number of years it would take for the social returns to equal the financial investment Annuity (long term) Multiplier  Projected value of sustained employment and ongoing income tax contributions generated by past participants in the future Projected Long Term SROI SROI generated by extrapolating the ongoing % of people (70%) who will stay employed over the next 30 years Total operating losses + Grants and Subsidies + Additional Social Support Infrastructure = Total Investment Required Annual Government Financial and/or Social Service Assistance Before Hire - Annual Income Tax Paid Before Hire + Annual Income Tax Paid After Hire – Continued Government Financial Assistance after hire / Number of Target Employees in Sample Group= Average Change in Societal Contribution Current Year Cost Savings to Society / Total Investment Required =Current Year SROI Average Change in Societal Contribution x Number of Target Employees completed Employment Program in Current Year The calculation is the inverse of the Current Year SROI or: Total Investment Required/Current Year Cost Savings to Society A multiplying factor that attempts to estimate the value that can be attributed to (a reasonable percentage of) past participants of the Renaissance integration program maintaining employment over the long term. This ‘annuity multiplier’ accounts for the fact that the net benefits to society associated with a social enterprise continue to accrue to over time Ongoing Cost Savings to Society * annuity multiplier /Total Investment Required (current year) Data Gathering Process Used a proxy measurement to represent the average change in societal contribution for this year by taking the average change from past two years and dividing by two Used Renaissance post reintegration program outcome data for all participants instead of drawing a sample Drew from Renaissance’s Rapport annuel Des activitiés d’insertion for sustainable livelihood outcomes SROI Report Card: Year End March