SmartWaste construction reporting software supports users with collating data and carbon reporting

Social Value: What is it?

Increasingly, non-financial considerations such as social and environmental impacts, are being evaluated alongside traditional financial criteria to establish the merits and disadvantages of new construction projects. Environmental, social and governance (ESG) factors are being assessed in a local context to understand their contribution to and value for the affected community.

Key stakeholders, for example a Local Authority or Investor, are using Social Value measures to enforce their desired project outcomes. Applying financial (proxy) values to social measures enables alternative approaches and priorities to be compared. When combined with traditional financial criteria the output is a Social Return on Investment (SROI) or Social Cost Benefit Analysis (SCBA) that can be used to determine whether a project meets the stakeholders’ needs and warrants investment and granting of planning permission.

The Social Value measures and desired targets determined during the planning and design stages of a project may be unique to the project, a uniform stakeholder requirement, or a combination of both. It is then typically the main contractor and their supply chain that records actual performance.

How can SmartWaste help achieve Social Value? 

 

SmartWaste is BRE’s environmental and sustainability monitoring and management solution. It provides centralised data collection and validation capabilities that help construction, refurbishment and demolition companies deliver on their ESG reporting needs. Our solution delivers the following Social Value functionality: 

  • Select measures – at project or company level select the appropriate social value measures.
  • Set and manage targets –establish your social value ambitions for the project and set applicable targets.
  • Connect with your value chain – engage your project supply chains so that they can automatically provide you with their project data.
  • Set proxy values – input the values that you want to use to translate social value performance into an equivalent financial measure.
  • Record performance – Using SmartWaste’s data capture tools, e.g. direct input, application programming interface (API) or bulk upload functionality capture and collate social value data accurately and reliably.
  • Performance measurement and insight – SmartWaste provides extensive reporting capabilities, performance indicators and benchmarks to help your organisation manage its social value obligations and ESG reporting needs.

What Social Value Benefits does SmartWaste deliver?

 

Delivering on Social Value commitments using SmartWaste can help a customer realise several benefits:

    • Enhance their reputation, brand and stakeholder relationships
      Demonstrate how their actions are positively impacting the local community.
      Recognise who in the supply chain contributes towards social value objectives.
    • Carbon reporting functionality, collating information about carbon impacts from energy use, embodied carbon of materials, transport impacts, waste management and water use
      Evidence socially aware construction practices that win business and encourage repeat stakeholder engagement.
    • Lower costs
      Improve data capture accuracy and reliability and reduce complexity and process inefficiencies.

Get your SmartWaste demo

The SmartWaste construction reporting software supports users with collating data and carbon reporting
Get your free demo of SmartWaste to find out how our reporting software can help you with environmental and construction management.
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Contact the SmartSite team

For SmartWaste enquiries, contact the SmartSite team.
03330 430 644
or visit the contact page.

How SmartWaste helps you keep on top

 

Click on the icons below to learn more about each of the SmartWaste modules.

Waste management module to help environmental management with SmartWaste construction software Waste
Water management module to help environmental management with SmartWaste construction softwareWater
Energy management module to help environmental management with SmartWaste construction softwareEnergy
Transport management module to help environmental management with SmartWaste construction softwareTransport
Materials management module to help environmental management with SmartWaste construction softwareMaterials
Materials management module to help environmental management with SmartWaste construction softwareBiodiversity
Reporting management module to help environmental management with SmartWaste construction softwareReporting
Reporting management module to help environmental management with SmartWaste construction softwareSocial Value
Other site impacts module to help environmental management with SmartWaste construction softwareOther site impacts