Academic Year 2022-2023 Impact Report
Last February, the Reina Sofía School presented the activity report for the 2022-2023 academic year to the Board of Trustees, including impact data from our main lines of action: training musicians, bringing music closer to society, and developing a sustainable model.
- During the past year, 179 students trained at the School and 220 in other educational programs such as the Santander Meeting and the Summer Camp, totaling 399 direct beneficiaries.
- The employability rate of our alumni is 92%, with the remaining 8% continuing their training.
- With the aim of promoting equal opportunities, the School allocated 6.4 million euros in scholarships to students, of which 16% come from countries with a Human Development Index (HDI) below 0.8.
- 59,000 spectators enjoyed the concerts of the 330 concerts organized by the School, and 8,125 schoolchildren and vulnerable groups enjoyed these same concerts and other activities.
- Finally, moving towards a more sustainable model, in the environmental aspect, we have reduced our carbon footprint by 48% compared to the previous year, and in the economic aspect, we have involved 166 patrons and collaborating entities in our project.
Impact Report Methodology
With the aim of measuring the social impact of the activity of the Reina Sofía School of Music, since the 2021-2022 academic year, we have begun to measure different indicators that allow us to assess our work and the degree of fulfillment of our objectives and that, in addition, help us in decision-making and the orientation of our activities.
The Impact Report is the result of the implementation of a methodology developed by the Reina Sofía School of Music in collaboration with Management Solutions, in accordance with the principles of the Theory of Change and the analysis of materiality, and developed together with its main stakeholders, in order to ensure maximum alignment between its strategy and objectives to contribute, to the extent of its possibilities, to the transformation of the reality of the current situation of the musical sector.
Quantitative and qualitative metrics have been identified, adapted to the characteristics of each of the objectives whose achievement is intended to be measured. These impact objectives are grouped into three blocks: training musicians, bringing music closer to society, and developing a sustainable model. Finally, the economic quantification of social impact and the social return on investment (SROI) are achieved, based on the Impact-Weighted Accounts Initiative (IWAI) methodology, promoted by Harvard University.
This report was carried out on the 2021-2022 academic year and has served to lay the methodological foundations to be applied in successive measurements.
