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The risks of not incorporating social value into strategy and operations

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Freshfields Bruckhaus Deringer

65 Fleet Street

London

EC4Y 1HT

United Kingdom

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Event description

Description

Social value is about organisations recognising the impact they have socio-economically and environmentally.

Since the introduction of the Social Value Act in 2012, public sector organisations have been required to consider, at the pre-procurement stage, how the procurement of goods and services can improve the social, economic and environmental wellbeing of the local area. However, social value is becoming increasingly important in the private sector too, providing a competitive edge and helping organisations perform better commercially. The UK’s first Good Work Standard has recently been launched providing accreditation to good employers and allowing them to demonstrate social value when recruiting, marketing or bidding for new business.

Examples of social value benefits includes:

Social

  • Employing a diverse workforce
  • Monitoring work conditions through the supply chain
  • Encouraging wellbeing and mental health

Economic

  • Job creation
  • Training and development opportunities
  • Prompt payment through the supply chain

Environment

  • Water consumption management
  • Reduction in waste to landfill
  • Carbon reduction or offsetting

The seminar

This free-to-attend seminar features speakers who will explore the opportunities social value can bring, and demonstrate initiatives for how they are adding social value to their organisations. Speakers include:

  • Rebecca Walpole, Health and Safety Manager, Freshfields Bruckhaus Deringer
  • Aaron Reid, Head of Sustainable Procurement, Balfour Beatty
  • Paul Smith, Group HR Director, Outdoor and Cycle Concepts
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Date and Time

Location

Freshfields Bruckhaus Deringer

65 Fleet Street

London

EC4Y 1HT

United Kingdom

View Map

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