Social Value
Social Value is here to stay. Companies embracing it and being able to demonstrate a track record of compliance and future commitment have a strong competitive edge in winning business in the Public Sector.
But what is Social Value?
With multiple definitions of Social Value doing rounds in the market extending from well-established standalone definitions to ones that overlap areas such as ESG (Environmental, Social and Governance), sustainability, CSR (Corporate Social Responsibility), and social impact, it is evident that Social Value is an evolving concept and area.
Social Value UK
however defines Social Value as
Measuring Social Value involves assessing both qualitative and quantitative impact of an activity. This includes but is not limited to factors such as job creation, community development, environmental sustainability, improved health and well-being, and minimised inequality.
Organisations that prioritize Social Value aim to generate a positive change through meaningful actions that benefit the society as a whole. At Epscot we offer a solution that helps achieve a high standard of Social Value readiness for winning Public Procurement contracts.
Our Solution
We are committed to helping our clients achieve their goals and are always willing to go above and beyond to ensure success. Our ways of working are step-by-step and outcome-based, ensuring that all project targets and deliverables are met. Our offerings include:
One-stop Social Value SolutionAs market leaders in deploying Social Value, we are the chosen partner for clients across the public, as well as the private sector.
Our use of the National Social Value model and the National TOMs Framework aligned proxy values enables users to measure, manage and maxamise Social Value with the resources available and then clearly communicate those impact to stakeholders.
Epscot is supported by a team of experienced social value practitioners who are there to help you navigate your social impact journey. We are an approved supplier on direct award Government Framework.
As market leaders in deploying Social Value, we are the chosen partner for clients across the public, as well as the private sector.
Our use of the National Social Value model and the National TOMs Framework aligned proxy values enables users to measure, manage and maxamise Social Value with the resources available and then clearly communicate those impact to stakeholders.
Epscot is supported by a team of experienced social value practitioners who are there to help you navigate your social impact journey. We are an approved supplier on direct award Government Framework.
Clients
Social Value was a new model for us and understanding it was vital to effectively describe our strengths and identify any significant gaps. The Epscot Social Value team supported us through accelerated understanding and deployment of Social Value, translating very complex guidance into an easy-to-understand concept via their tools and templates.
The importance of understanding our true impact in today’s world is crucial and Epscot helped us to achieve this, for which we are already realising benefits across the business.
Essity
The UK government’s application of Social Value was a new model for us, understanding it was vital to effectively describe our strengths and determine our route map to achieving the ISO26000 standard. As well as being the right thing to do, the application of ISO26000 is increasingly viewed as a way of assessing an organisation’s commitment to its community and sustainability and its overall performance.
Epscot assisted us all the way in this journey. Their Social Value team supported us through accelerated understanding and deployment of Social Value, translating this very complex guidance into an easy-to-understand ongoing working practice via their all-encompassing methodology. With their full engagement and help, we have achieved recognition of this standard quickly and we are now leading the way to new levels of social responsibility.
Olympus
The importance of understanding our Social Value impact in the UK is vital, and Epscot’s Tool has helped us translate how it applies to our business. The online Social Value Tool allowed us to accelerate our understanding, identify our strengths and determine opportunities for future improvements. Without a doubt, it is easy to use, good value, and a great help for SMEs.
P3 Medical
The Social Value model is complex, and as a supplier to the NHS, we sought external guidance to understand it thoroughly. Working closely with the experts at Epscot has helped us key strengths and areas for improvement in the Social Value arena.
In parallel, with the application of ISO 26000 being viewed as a leading way of assessing an organisation’s commitment to its community, sustainability, and overall performance, Epscot helped us determine our route map to attaining this benchmark. The Epscot team assisted us all the way through the implementation of a Social Value Framework and the journey of achieving ISO 26000 recognition.
The importance of understanding and evidencing our social impact is crucial, and we have already started seeing the benefits of having our social value investments laid out in a logical and transparent way.
Kristian Howells, Group Commercial Director UK/ROI, Medtronic Limited