What exactly is Social Value?
We think Social Value is almost indistinguishable from our NETpositive approach to sustainability:
- We think about sustainability in a holistic way, so the social, environmental and economic elements are all considered
- We focus not only on reducing negative impacts but also on making a positive contribution or adding value by maximising positive impacts too
- Our starting point is always what is ‘core’ or in other words, the material issues
- Creating an evidence-base for stakeholder engagement has been central to the development of our NETpositive Software
Our work with university procurement teams has been to help shift thinking about Value for Money to include social and environmental elements alongside traditional economic considerations; Social Value is simply another way to describe this.
Having a NETpositive impact is about demonstrating a positive benefit to wider society
Social Value is about doing exactly the same.