Best Social Impact

The ‘Social Value Act’ 2012 requires all public authorities to have regard to economic, social and environmental well-being in connection with public services contracts and for connected purposes. Social value refers to the life-changing effects that business actions have on people, the community and wider society.

Social value being embedded in all procurement practices provides our members with the peace of mind when buying, that they will receive an overall positive impact on the community it serves. Social value looks beyond the financial cost of a contract and considers how the services, users commission and procure, might improve the economic, social and environmental well-being of their area.

Social value is divided into three main areas:

Economic – Encouraging ethical business practices that can support and uplift a community and wider society.

Social – Improving wellbeing and supporting local communities.

Environmental – Sustainable, ethical processes to support the social and physical environment to be fit for future.

Does your organisation act within the legislative requirements or does it go above and beyond those requirements by embedding social value as the golden thread through all your procurement undertakings and day to day business activities.

Social value is about making a positive difference beyond the transaction itself. By integrating social impact into procurement, you contribute to a better society while achieving your organisational goals.

Our panel of judges will be looking for evidence of;

Evidence of how your organisation has responsibly contributed positively to the communities in which you serve by prioritising social value to enhance well-being, promote inclusivity whilst addressing societal challenges.

· Sourcing from suppliers who adhere to ethical, social, and environmental standards, such as human rights, labour rights, and fair trade.

· Employment, evidence to support employment of local people, job creation, apprenticeships, fair wages – minimum ‘Living Wage’ to support sustainable economic growth.

· Apprenticeships, support skill development through apprenticeship programs.

· Environmental responsibility, evidence of eco-friendly practices.

· Supporting responsible businesses – encourage growth of local responsible businesses.

· Giving Back, initiatives where your organisation has provided funding to support and advance education and learning.