The long-term wellbeing and resilience of our communities has never been more critical, and the world of social value is maturing rapidly. Organisations can no longer afford to ignore the communities in which they work. Investors and clients are holding their supply chain to higher standards of accountability, with robust measurement and reporting requirements focusing on long-term, evidence-based outcomes.
Understanding the Social Value Model
In late 2020, the Government published its Social Value Model in the Procurement Policy Note 06/20 (PPN 06/20). It subsequently published guidance on exactly how to use the Model, and metrics to measure impact. This has the useful effect of defining exactly how organisations can implement the Public Services (Social value) Act 2012. The PPN 06/20 requires central government procurement to explicitly evaluate social value, with a minimum 10% weighting of score put on the topic.
Developed by the Supply Chain Sustainability School and delivered through Action Sustainability, this guide explores commonly used terms in discussions about social value and illustrates their connection to evolving concepts. While this guide doesn’t encompass an exhaustive list of terms, it aims to define and differentiate the key terms frequently encountered in social value discussions.
The guide contains the following:
- A list of key terms and their connection with social value;
- An illustration which attempts to categorise key terms associated with social value according to international bodies, the EU, the UK, and other local entities;
- A collection of responses from social value webinars and workshops that demonstrate changing social value trends and;
- A list of resources related to each term to provide additional information.
What is Social Value and Why is it Important?
In this short animated video, we explore what Social Value is and the different meanings Social Value can have. We also look at the benefits that can occur from delivering Social Value and different examples of Social Value that can be delivered in a local community.
Sustainable Procurement
Social Procurement in Australia, and Business Creating Social Value
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10 minutesLocal community and economy
The Our Community Group
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Sustainable Procurement
Whittlesea 2040: A place for all
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Local community and economy
Victorian Government Department of Planning and Community Development, Social Procurement toolkit
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Social Value is more important than ever and has a…
