Measuring and Reporting Social Value – The TOMs Framework The National Social Value Measurement (National TOMs) Framework is a tool that helps organizations measure and report on the social value they create. The framework is based on five key areas of social value: jobs, growth, social, environment, and innovation. The Read more…
Setting your Social Environmental goals Environmental impact is one of the three areas the Social Value Act examines. Environmental impact goals might include: Reduce energy consumption: One of the easiest ways to reduce your environmental impact is to reduce your energy consumption. You can do this by using energy-efficient appliances, lighting, Read more…
Setting your Economic Impact goals Economic impact is one of the three areas the Social Value Act examines. Economic impact goals might include: Create jobs: One of the most important ways that a business can have a positive local economic impact is by creating jobs. When you create jobs, you are Read more…
Setting your Social Impact goals Social impact is one of the three areas the Social Value Act examines. Social impact goals might include: Create jobs: One of the most important ways that a business can have a positive social impact is by creating jobs. When you create jobs, you are providing Read more…
The UK Social Value Act The UK Social Value Act was passed in 2012. It requires public sector organisations to consider the social, economic, and environmental impacts of their procurement decisions. This means that when public sector organisations are buying goods or services, they must consider not only the financial Read more…
Social Value: A New Way to Measure Success In the past, the success of a business or organization was often measured by its financial performance. However, in recent years, there has been a growing recognition that financial performance is not the only measure of success. Businesses and organizations are also Read more…
The UK government has set ambitious targets for reducing carbon emissions. By 2050, the UK aims to be net zero carbon, meaning that it will emit no more greenhouse gases than it removes from the atmosphere. This is a significant challenge, and local authorities expect businesses delivering services on their Read more…
On 1 May 2019 the UK Parliament passed an extraordinary measure: a national declaration of an Environment and Climate Emergency. The UK is the first national government to declare such an emergency. The decision marks a renewed sense of urgency in tackling climate change, following a visit to Parliament by Read more…
Social value has been defined as “‘the additional benefit to the community from a commissioning/procurement process over and above the direct purchasing of goods, services and outcomes”. Suppliers can have a substantial positive impact on local communities beyond the direct remit of their contract. And by aligning social value commissioning Read more…