LEADERS IN THE ESG AND SOCIAL VALUE SPACE

WHY ESG

ESG factors play a key role in an organisations ability to create value. Delivering results requires creating value for all stakeholders not just shareholders. Looking at your organisation through an ESG lens, helps identify and quantify the impact of non-financial issues that will have a material financial value on your organisations short and long term value. These include an organisations impact on the environment, employee management and diversity and governance. Selecting the right ESG metrics helps businesses recognise when new strategies are needed and identify which practices could be associated with future risk and how those can be developed into opportunities for competitive advantage.

WHY SOCIAL VALUE

The Public Services (Social Value) Act 2012 places a responsibility on public sector organisations to consider social value in services contracts or a service element in goods or work contracts. The Act is being used to broaden the social value agenda and has encouraged public sector procurement teams to look beyond financial metrics and measurements within bids and tendering activities. Much of this is driven by local authorities and requires suppliers to demonstrate how they create social value in their proposals and tenders. There is a general lack of knowledge on developing long-term strategies that will embed social value across projects and a lack of consistency and understanding in the definition and measurement of social value outcomes.