1. SROI Report Card: Year Ending March 31 2006

2. Renaissance: Social Mission Overview SROI Report Card: Year End March 31 2006 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

3. Enterprise: Renaissance Quebec Location: Montreal, Quebec Date of Inception: 1994 Overview of Target Participant Group (sample group) 100% unemployed and meet Emploi Québec’s eligibility requirements 45% African origin 28% Haitian 17% Québecois 11% South American, West Indian and Eastern European 83% Female Average age: 33 47% receiving government financial assistance at start of program 62% participants have one or more children 15% participants are single parents 51% participants arrived in Québec between 2001 – 2005 (New Canadians) 36% have not completed high school Overview of Business Opening of 8 th Fripe-Prix store enabled 28 additional people from a low income neighborhood to be trained Reused 3000 tonnes of textile and various consumer goods  Increased sales by 22% over last year  Updated computer system and network and improved distribution and supply system  Introduced line of new, low priced products as well as new signage system in all stores  Improved branding on Renaissance trucks and drop off boxes – featuring graduates from training program personifying the slogan – “Thanks to your donation, now I am working” Financial Performance Total Sales Revenue:$5,008,646 Total Grants, Gifts and Subsidies (GGS):$254,591 Total Emploi Quebec Service Contract $2,611,462 /Social Support Infrastructure: Total Sales,GGS and Government Contracts: $7,874,699 Total Operating Profit (Loss)$281,803 Total Investment:$2,584,250.00 Social Return On Investment Average Change in Societal Contribution (Target Employees):$4617.00 Annual Number of TE Completed 6 Month Reintegration Program:196 Number of Target Employees in Sample Group: Current Year Cost Savings to Society: 47 $904,932.00 Current Year SROI35% Societal Payback Period:2.9 years Cumulative (past 2 years) Cost Savings to Society:$2,015,460.00 Annuity Multiplier:13.4 Present Value of Total Cost Savings to Society over 30 Years$8,490,996.00 Projected Long Term SROI:329% Employment Outcomes (sample group) 91.5% of participant group entered mainstream employment and/or returned to school after completing employment training program 85% secured employment: 68% secured full time employment 17% secured part time employment 13% went back to school (50% going to school while working) 9% did not secure employment or go back to school $8.76 – average wage for next job Sustainable Livelihoods Outcomes (sample group) 83% of participants who relied on government income assistance at start of program were able to replace this through securing employment For 74% of participants – new immigrants, refugees, people with no previous employment experience – Renaissance program provided first introduction to the Quebec labour market and first employment based social support network Renaissance customized, one-on-one, support services help individual participants with:applying for further education, effectively dealing with family/marital issues, obtaining Canadian identification and medical cards, connecting to community resources such as food banks, women’s centres and language programs and securing housing SROI Report Card: Year End March 31 2006

4. 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 ongoing income tax contributions generated by past participants in the future Projected Long Term SROI Using an annuity multiplier, the SROI generated by extrapolating the ongoing % of people who will stay employed over the next 30 years. We believe that 70% of people will stay employed over the long term is a reasonable assumption 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 The sample group was drawn from the participant group in 2005 – 2006 enrolled in the Reintegration Program at Renaissance Renaissance staff conducted participant group interviews to learn their post program status, participant beliefs about program benefits and sustainable livelihood outcomes Only participants who completed the Reintegration Program in 2005 – 2006 were considered for SROI calculations SROI Report Card: Year End March 31 2006