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.
Understanding the Social Value Model
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.
Developed by the Supply Chain Sustainability School and delivered through Action Sustainability, this guide explores commonly used terms in discussions about social value and illustrates their connection to evolving concepts. While this guide doesn’t encompass an exhaustive list of terms, it aims to define and differentiate the key terms frequently encountered in social value discussions.
The guide contains the following:
- A list of key terms and their connection with social value;
- An illustration which attempts to categorise key terms associated with social
- value according to international bodies, the EU, the UK, and other local entities;
- A collection of responses from social value webinars and workshops that demonstrate changing social value trends and;
- A list of resources related to each term to provide additional information.
What is Social Value and Why is it important?
In this short animated video, we explore what Social Value is and the different meanings Social Value can have. We also look at the benefits that can occur from delivering Social Value and different examples of Social Value that can be delivered in a local community.
Helping local communities to manage and recover from the impact…
Climate change is the biggest issue of our time and…
Tackling workforce inequality and reducing the disability employment gap.
Creating new businesses, new jobs and new skills.
Addressing wellbeing and welfare improvement across the whole value chain…
The quality of the air we all breathe often gets…
How companies in the built environment interact with the communities…
Encouraging the use of local people and those from diverse…
Climate change is the biggest issue of our time and…
Making our workplaces even better for everyone.
Providing free and fair opportunities for all businesses to bid…
Attracting, developing and retaining talent to improve productivity and enable…
4.8 million workers are paid less than a real Living…
Addressing wellbeing and welfare improvement across the whole value chain…
Social Value Examples in the Workplace
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.
Social Value Reporting and Measuring
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.
Training and Skills
HMP Elmley: Ready for the Gate Drylining Academy
Video
5 minutesFairness Inclusion and Respect
Leading People Inclusively Masterclass – SDF National Highways Workshop
Event or Workshop
Training and Skills
The People Matter Charter
Document/Presentation
Wellbeing
Wellbeing in the built environment
Document/Presentation
Training and Skills
Delivering Social Value through Offsite Construction Report
Document/Presentation
Training and Skills
Rail Social Value Tool – Social Value Definition and Social Value Library Structure
Document / Presentation
Supplier Diversity
UKGBC framework for defining social value
Web link
Wellbeing
Achieving Social Value through People: Webinar Recording
Video
What is the Supply Chain Sustainability School?
