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
Social value is an increasingly important factor in government contracting and it is becoming the winning factor in many tenders. Specifically when the differences in the product, price and service between competitors are not significant. It can account for 30% of scoring, making tangible and specific social value planning something to focus to win business.
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
Almost two years ago it became mandatory for companies and other service providers to deliver social value as a part of their contract work for central government and local authorities. Government organisations have gradually incorporated social value requirements from PPN 06/20 into their procurement practices. They have slightly varied social value frameworks. This initiative, to
PPN 06/20 has set a mandatory requirement for companies to deliver social value through their contract work for government organisations. Enhancing training, education and employment at the local level is a social value priority across different industries and local councils. Whether it is encouraging young people to reach different opportunities in employment or helping ex-offenders