{"id":94828,"count":117,"description":"Social value is the conscious effort on the part of a business to deliver outcomes that benefit society \u2013 whether that be social, economic, or environmental.\r\n\r\nThe delivery of social value is becoming a key component in business strategies across sectors, challenging traditional approaches where economic goals are the primary drivers behind business activity.\r\n\r\nConstruction is uniquely placed to produce long-term public benefit and improve wellbeing as processes are conducted in the public sphere, and the final product directly impacts the way we live, move, and work.\r\n\r\nThe AEC sector has significant capacity to create social value and deliver a wide range of additional outcomes throughout a project lifecycle and beyond.\r\n\r\nThe UKGBC recognises outcomes under three broad themes \u2013 \u00a0jobs and economic growth, health, wellbeing and the environment, and strength of community.\r\n\r\nOutcomes can range from training and employing long-term unemployed people and supporting local businesses, to creating thriving social networks and reducing air pollution.\r\n\r\nRICS, RIBA, CIOB and Social Value UK have joined forces with the Construction Innovation Hub (CIH) to develop a new industry-wide definition of value.\r\n\r\nThis new Value Definition is the first of four core elements of a comprehensive new \u2018Value Toolkit\u2019 which the CIH is developing in close collaboration with industry.\r\n\r\nThe Value Toolkit has moved into a pivotal phase, giving early implementers a chance to pilot the new approach.\r\n\r\nThe pilot phase, which will run over the next six months, will see the Toolkit\u2019s process and suite of tools put through a rigorous course of testing with clients and practitioners before the final industry-wide version is unveiled later in the year.","link":"https:\/\/www.pbctoday.co.uk\/news\/tag\/social-value\/","name":"Social value","slug":"social-value","taxonomy":"post_tag","meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Social value | Planning, Building &amp; 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