Managing and measuring social value
Social Value in the Built Environment Industry Briefing 2020download the report
The long-term wellbeing and resilience of our communities has never been more critical, and the world of social value is maturing rapidly. Organisations can no longer afford to ignore the communities in which they work. Investors and clients are holding their supply chain to higher standards of accountability, with robust measurement and reporting requirements focusing on long-term, evidence based outcomes.
In late 2020, the Government published its Social Value Model in the Procurement Policy Note 06/20 (PPN 06/20). It subsequently published guidance on exactly how to use the Model, and metrics to measure impact. This has the useful effect of defining exactly how organisations can implement the Public Services (Social value) Act 2012.
The PPN06/20 requires central government procurement to explicitly evaluate social value, with a minimum 10% weighting of score put on the topic. It has provided some form of standardisation around the topic of social value, helping contracting authorities and their supply chains to better understand what they can do to generate it.
Tackling workforce inequality and reducing the disability employment gap.
What Social Value means to Network Rail
Find out through this video about Network Rail’s approach to delivering social value through its social value framework covering economic prosperity, equal opportunity, wellbeing and COVID-19 recovery.
Attracting, developing and retaining talent to improve productivity and enable…
Community Engagement - An insight from Skanska
Hear why social value is key to delivering Skanska’s purpose and about the work they are doing to deliver a sustainable legacy for everyone living or working around their sites.
Social Value: What is it and Why is it Important? 2022
This self-enrol learning pathway contains beginner-level resources that will help to understand what social value is and why it is important. The content will introduce you to relevant social value legislation, policy and the current industry landscape. It will also cover drivers for social value as well as the business case for addressing this topic. It is the perfect place to start if you want to know more about social value, but don’t know where to begin.