Jump to section: What are the themes and topics you need to think about? How to find social value in each theme A few weeks ago we talked about ‘what is social value’, explaining different ways in which it can be accounted for within society. There has been a lot of...
If your business is involved in public procurement - whether it’s with central government and its agencies, the NHS, or local authorities - you need to be on top of social value. If you’re new to the topic of social value or if you’re looking to find out more, read...
With the introduction of the Social Value Act in 2012 and the Social Value Model in public procurement since January 2021, we have seen significant adoption of social value within businesses across the UK in the last two years. With no clear definition of social...
At Thrive, we’ve talked many times about what social value is, how it should be measured and reported on, and how businesses can win more public contracts by understanding it better. But until now our blogs have touched little upon the history of social value or...
On April 1 2022, all NHS bodies commissioning goods and services under the supervision of NHS England - plus bodies acting on their behalf - were required to give a mandatory weighting to Social Value considerations in awarding contracts. With the NHS accounting...
Having a social enterprise within your business can make a big difference when it comes to winning public procurement bids under the terms of the Social Value Model. In this blog, Thrive takes a look at one social enterprise that’s having a tremendous impact on job...
“Greenwashing” by businesses is firmly in the sights of governments and regulators around the world. If your business is now more alert to your environmental impact and the need to create sustainable systems or if you are claiming credit in bids for your environmental...
Small businesses aren’t exempt from the need to demonstrate social value when they bid for public contracts. And an SME that finds itself in competition with the big players is not at a disadvantage. In fact, the Social Value Model goes a long way to level the playing...
In barely 20 years, Environmental, Social, and Governance (ESG) has come to dominate financial thinking. This is clearly a cause for celebration: the fact that markets and investors favour responsible companies is hugely welcome. But there is a growing sense that ESG...
The built environment and construction accounts for 38% of total global carbon emissions. So it may surprise you to learn that: The UN Framework Convention on Climate Change’s COP summits have only had a day specifically dedicated to buildings since 2015 This year’s...
450 of the world’s biggest financial companies - controlling 40% of total global assets, worth $130 trillion - pledged to achieve Net Zero by 2050 at the COP26 summit. But what does that mean in practice? What lessons are there for other businesses to learn from...
The social benefits generated by providing safe, affordable housing for those in need have always been a priority for housing associations. And the revolution in social value requirements that began with PPN06/20 and which will take a big leap forwards with the...
Climate crisis. CO2 emissions. Net zero. Carbon neutral. There is no denying that these are hot topics and as we have previously discussed, businesses are poised to make a difference. Consumers, clients, even law makers all look to business to understand what is...
Win Business with Social Value Welcome to the final of our 3 part series on Winning Business through Social Value. This is a guide for construction contractors. Last time we looked at the first 2 steps you need to consider when implementing your Social Value strategy...
Social value in construction. Welcome to part 2 in our 3 part series on Winning Business through Social Value. This is a guide for construction contractors. Last week we talked about what Social Value is in terms of government tenders. This week we will talk you...
Here at Thrive, we help businesses demonstrate the extensive social value they create. Whether large or small, and irrespective of industry type, it's astonishing the hidden impact many businesses are having. Our tools help them show both stakeholders, the community...
Acronyms are a mainstay of the corporate world. If you've ever worked for a large company your days would no doubt have been filled with in house shortenings that only you and your well entrenched company colleagues would understand. A sort of day-to-day code for...
Welcome to the first in our 3-part series on Winning Business through Social Value. This is a guide for construction contractors; We will talk you through the 4 critical steps you need to consider when implementing your Social Value strategy to help you win tenders....
The Sustainable Development Goals (SDGs) were launched by the United Nations in 2015 as a ‘global framework for a sustainable future’, aimed at ending poverty, protecting the planet and ensuring prosperity for all. Whilst set up to be implemented by governments, the...