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
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
During testing times, maintaining networks of support is essential. In the current crisis, companies are having to focus on securing themselves economically whilst keeping up with health and safety measures – there’s a lot to think about. However, donor-recipient collaborations are not something that should be put on hold. In fact, the importance of Social