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.
Can technology measure the ‘S’ in ESG?
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