Jacobs has acquired a 50% share in Simetrica, a UK-based organisation that specialises in social value measurement and wellbeing analysis
Under the new partnership, Simetrica will provide its cutting-edge expertise to increase existing capabilities and offerings in the areas of socio-economics, sustainability and environmental services.
In response to increasing client demand driven by the Public Services (Social Value) Act in the UK, the Organisation for Economic Co-operation and Development’s (OECD) Inclusive Growth Initiative and the United Nations Sustainable Development Goals (SDGs), Jacobs and Simetrica are developing new best practices and solutions related to social value and wellbeing principles.
Jacobs Buildings and Infrastructure Europe, Middle East and Africa, senior vice president and general manager, Donald Morrison, said: “Our partnership with Simetrica will enable us to help our clients understand how they can transform local, city and regional decision-making – identifying innovative, inclusive and ethical investments that will drive social change, spread prosperity and meet the growing challenges facing communities.”
Using Simetrica’s methods, techniques and tools, investment decisions in both the public and private sectors can be re-imagined and assessed in more comprehensive and rigorous ways to maximise the value that they generate for communities and society.
Simetrica director, Daniel Fujiwara, said: “This is an exciting time for Simetrica. Over the past decade we have made significant contributions to the methodology and uptake of social value analysis in the UK and globally.
“With Jacobs’ investment and partnership, we can further our impact by employing our cutting-edge methods to a wider range of sectors and clients to drive change across priorities such as mobility, connectivity and placemaking, increasing their social impact and making them more sustainable.”