Social value has become the biggest differentiating factor in winning tenders due to the Social Value Act enhancement PPN 06/20, which took effect in 2021. As the social value plan linked to the tender bid now contributes to 10-30% of the scoring points, those companies focusing on sustainable practices and community engagement will be the
How small businesses can deliver impactful & meaningful social value
Companies play a key role in the wellbeing of our society through employment, their products and services and delivering social and environmental value through their sustainable activities. What role does small business play in social value? Small business and micro companies are traditionally active contributors to their local communities, although they would not necessarily label
Impact reporting – how to measure the real impact of social value
Companies funding charitable activities, volunteering with non-profits and giving product and service donations naturally wish to understand the impact they helped make. Reporting on social value is vital for communicating internally to employees, externally to stakeholders and for reporting back to the government due to the new requirements of Procurement Policy Note 06/20. Measuring and
The importance of validating social value and combatting greenwashing
An interview about social value and the dangers of greenwashing with the CEO of CSR Accreditation, Richard Collins whatimpact is proud to be in collaboration with CSR Accreditation, the only organisation in the UK delivering a globally valid CSR Accreditation scheme and a leader for promoting a global standard for social value. We had a
Which technology should companies use to manage social value?
We at whatimpact speak with tens of companies on a weekly basis about their social value strategies and goals. The practises and approaches to social value vary, but they all share one common dilemma: what technology should be used to make the most of these social value investments. There are various reasons for companies to
Social Value Act: social value matters for procurement
The Covid-19 pandemic brought with it a myriad of changes to our lives and society, from the way we shop to how we travel. A more unexpected change, however, is the implementation of much more concrete requirements for company social responsibility via the Social Value Act Enhancement. Arnab Dutt explains how the pandemic caused a