Social value needs more recognition, says Carbon60 in latest insight paper
Carbon60 has created a new insight paper ‘Constructing Social Value’ on how the construction industry is incorporating social values into new projects and the value recruitment agencies can provide in achieving this.
According to Carbon60, social value is an important factor which has had little exposure since its creation in 2013 but is now being recognised for the benefits it can offer.
This insight provides a review of what construction firms are doing to incorporate social value and local community recruitment into current and future projects.
“Social value is an important issue which many firms are now realising provides a practical solution to resource issues” commented managing director, Paul Nolan. “It also highlights the valuable role recruitment agencies can play in developing and managing a platform for construction contractors to access to connect with local candidates and other key stakeholders with measurable outputs.
“With an increasing number of private sector firms also using social value as a key measurement to success, the need for contractors to get access to and utilise the benefits that social value can offer will only increase in the coming years.”
The report includes case studies and examples of how major industry players such as Kier Construction, Interserve and Willmott Dixon are actively investing in the community and implementing initiatives that target disadvantaged groups.
These and other projects go some way to reducing the £15-£20 billion a year that the British Council of Offices estimate is lost in potential social benefit.
Read the full report here.
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