IMPACT 101: What does ‘social value’ actually mean? How is it used in practice? Stephanie Robertson and Ada Yip, co-chairs at Social Value International, have the answers in our latest explainer.
Social value – the value an organisation contributes to society beyond its reported profit – has permanently shifted how we do business. With global climate, energy and cost of living crises, how will the movement evolve this year?
Social Value International adds explicit requirement to ‘be responsive’ – as too few organisations have reached the stage of managing, not just measuring, their impact.
An extra £56bn a year in social value could be squeezed out of public sector contracts and used to “level up the country”, tackle Net Zero and strengthen communities, claims a new report from big businesses and UK social enterprise leaders.
Social enterprises are perfectly placed to nurture the rich connections that emerge when people work together for shared benefit – creating this ‘social wealth’ should be embedded within every social enterprise, argues author Freer Spreckley.
After a decade of slow burn, the author of the UK's Social Value Act predicts a bright future for businesses that offer positive social and environmental impact as well as value for money to public sector commissioners.
Social Procurement Festival: Social Enterprise UK’s Andrew O’Brien urges businesses to take on the “real challenge” of changing how they operate, while Social Value UK’s Catherine Manning lays out what good social value practice means.
More governments, institutions and businesses now recognise the need to account for impact on people and planet, but this is no time for complacency, says Social Value International CEO Ben Carpenter, opening the 2021 event.
Are public sector accounts ‘materially misstated’? Our columnist gets anxious as he submerges himself in the alphabet soup of global public sector accounting standards – and proposes a simple addition to bring social value back to the surface.
