Social Value

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 PPN 06/20 requires central government procurement to explicitly evaluate social value, with a minimum 10% weighting of score put on the topic.

Measuring Social Value requires a deeper understanding of organisational objectives, supply chains, and the supplier base. The purpose of the School’s Social Value Tools report is to assist the Partners and Members of the Supply Chain Sustainability School with relevant information required in understanding the narrative behind the measurement of Social Value, including: what parameters should be considered for Social Value measurement, what Social Value reporting tools are currently available as well as with case studies demonstrating the different approaches to measuring Social Value that can be taken.

Social Value: Measuring and Reporting: Different Approaches

This self-enrol learning pathway contains intermediate-level resources that will help to understand and demystify the measurement and reporting aspects of Social Value. The content will introduce you to different approaches of Social Value measurement, related terminologies, and the latest case studies from the industry. It is the perfect pathway to start if you want to know more about measuring Social Value and different approaches to make this journey simpler for you and your supply chain.

The pathway assumes a basic understanding of Social Value. If you don’t have this level of understanding, we recommend completing the ‘Social Value: What is it and Why is it Important? 2022′ pathway.