A social value plan is playing an increasingly important role in government contracts and has become the winning factor when bidding for tenders. PPN 06/20 requirements for explicit, locally relevant and contract-specific social value are now over two years old. During this period, many local authorities and central government organisations have received unrealistic social value
Sustainable supply chain practices play a big part in social value management. Suppliers have various types of impact on the success and desirability of a company. Policies and standards related to social and environmental value, as well as governance practices create new demands for supplier management. Whatimpact operate in a diverse world of partnerships: enhancing
Social value is an umbrella term, covering social, economic and environmental value. The UK Government’s Social Value Model covers not just social outcomes but also environmental and wider economic outcomes. The Social Value model combines environmental, social, and economic outcomes to maximise impact on local communities actively. Social value and environmental outcomes show strong interconnection.
At least 11 million employees have the option to volunteer during work hours, according to estimates. This is a massive investment to social and environmental good by companies. However, there are also internal motivations for these investments such as employee engagement, retention and team building in the workplace. Social value (an umbrella concept for social,
whatimpact.com, Ministry of Defence, Babcock, Plymouth County Council, and Microsoft collaborated on the Social Value in Defence project. They are now celebrating after winning a national award for their work. This project highlights the power of cross-sector collaboration and open data. The power to improve people’s lives in local areas across the country. The team
We discussed with The Times business supplement the significance of validated data in making claims for social value and ESG technology. In the future, companies and their social value claims face closer scrutiny, impacting turnover and economic value through mandatory procurement requirements. Additionally, investors invest in ‘good companies’ with higher valuations. Therefore, it is not