<p>Sustainable Development Goals (SDGs) global consensus has been ratified by Indonesia and regulated on Government Regulation no. 59/2017. The SDGs goal number 12 is to substantially reduce waste generation through prevention, reduction, recycling, and reuse by 2030. PT Geo Dipa Energi as the state-owned company is require to carry out the Corporate Social Responsibility (CSR) program. Social Mapping research conducted in 2021 stated that waste management is the major problems faced by the community on the nearest village, therefore it become the priority of company’s CSR program. Community-based Waste Management project is planned to be introduce to the village with the Village owned Enterprise as the project partner. Since CSR program is a social investment, the company has to be confident with the return on investment of the project. This research study the feasibility of CSR project through the approach of forecast Social Return on Investment (SROI). To generate the financial proxy for the stakeholder outcomes, the data are collected through field survey, in-depth interview with the key person, and literature review. SROI value of this CSR project is 3.43 which means the project is feasible to execute. For the consideration of future social project, the company should conduct the SROI evaluation of its prior CSR program as the benchmark and baseline to determine the guidelines of company’s social investment feasibility.</p>