A new whitepaper from EMCOR UK argues the FM sector can deliver 26 billion of social value by implementing programmes and initiatives similar to ones it has quantified through the Social Value Portal.
The importance of social value
Social value is at the forefront of many business agendas as they look to demonstrate a positive impact to their customers, employees and shareholders.
EMCOR UK argues stakeholders increasingly seek out responsible businesses that deliver 'social good' to buy services from, work for or invest in.
Contributors to the whitepaper include:
What can organisations do to implement social value?
Social value encompasses many social, environmental, and financial elements, and its complexity means there is no singular way for strategies to be developed.
However, the whitepaper does recommend ten widely applicable steps that all organisations can use to begin their journey, and emphasises the importance of culture:
Social value is about telling a story.
Social value is no longer a nice to do – it’s imperative that businesses have a detailed strategy with defined targets and timeframes.
For all the great results you might achieve, they will not have the same impact without a reporting tool and a strong marketing team to share the outputs and outcomes.
On top of this, there has to be buy-in and a purpose-driven culture throughout the business.
Social value is about people, and culture is critical.
"Social value is no longer a nice to do – it’s imperative that businesses have a detailed strategy with defined targets and timeframes.
We have a duty to be proactive with our clients in helping them plan and succeed with their social value journeys.”
