What is Social Value
The difference an organisation can make to individuals and communities it operates within.
What is Social Value?
Social value describes the positive impact that can be delivered by an organisation as a direct result of the actions they take when carrying out work in a particular area, benefiting the local communities they serve. This can include economic, educational, skills and training, employment and health, and wellbeing community benefits, as well as reducing the environmental impact.
Why is it important?
It is good practice for any business to understand their role in the communities in which they operate, and to review, report and acknowledge the value created in the places where people live and work.
Social value encourages organisations to think about their actions, whether they add value to society, and how they can create prosperity.
Through donations from CHIC, CHIP aims to support positive changes to individuals and communities in areas local to CHIC’s members, with a range of initiatives and partnerships being promoted to achieve these objectives.