Cloud-based social value measurement tool and consultancy, Social Value Portal, has recently welcomed a number of high-profile real estate clients to its portfolio, working with them to track, measure, evaluate and report on social value contributions throughout their activities in the UK.
The new additions join well-known names in the sector including Landsec, Savills, Brookgate and Ellandi who also work with Social Value Portal to maximise and report their social impact.
L&Q, which announced its plan to invest more than £1bn in improving its homes and neighbourhoods last year, will be working with Social Value Portal to demonstrate the positive social impact of their activities.
Matt Corbett, Director of the L&Q Foundation, said; “Our work in the housing sector provides us with multiple opportunities to improve the lives of people with a wide range of needs, giving us a social purpose that drives our business forwards.
“The next logical step is to measure and report the positive impact in a way that stakeholders, communities, clients and investors can appreciate. Our work with Social Value Portal will not only deliver on this front, but the evaluation process also helps to highlight areas where we can improve our social value offering, particularly through procurement.”
Mears, one of the largest housing solutions providers in the UK, is working with Social Value Portal to measure the social value generated across the nation. With a commitment for every colleague (currently 5,500 employees) to participate in social value projects, Mears will be using the Portal to harness their full contribution to society all in one place.
Gary Jackson, spokesperson for Mears said: “Our business operates in a hugely diverse mix of communities across the UK, all with different needs and therefore different opportunities to generate positive social impact.
“Through our work in the public sector, we are already very familiar with social value so the key benefit for us in appointing Social Value Portal, is the depth of analysis that is possible, taking into account the complexities of operating in such a wide range of communities.”
As the developer of one of the largest urban regeneration projects in Europe, Canary Wharf Group (CWG) is responsible for the regeneration of 128 acres of the once derelict Docklands district of East London where it now manages and owns interests in almost 9 million square feet of mixed use space. With a long and proven track record of partnering with community initiatives and projects in the East London boroughs, CWG have chosen to work with Social Value Portal to join the dots between their wealth of data to deliver a strategy that measures and generates significant social impact within their communities.
Jane Hollinshead, Managing Director of People & Culture at CWG said: “CWG has created an extraordinary environment where people can live, work and thrive on the Canary Wharf estate. As we continue to deliver a people-centric environment for our employees, our customers and our neighbours, we recognise our responsibility as a company to create a positive and lasting impact within our communities and generate opportunities for those in greatest need. We are delighted to work with the Social Value Portal and look forward to collaborating with them on a strategy to make our impact go even further.”
Guy Battle, CEO, Social Value Portal said: “Thanks to its close working relationship with the public sector, real estate has been an early adopter of social value and we are proud to add L&Q, Mears and Canary Wharf Group to our growing portfolio of businesses looking to measure and report their social impact in a way that has depth and clarity, whilst also highlighting opportunities to make the good that they do, go even further.”
Social Value Portal helped launch the industry-recognised social value measurement framework, the National TOMs in 2017 which is reviewed, honed and improved on an annual basis. 2022 has seen the environmental theme completely overhauled including the introduction of a new greenhouse gas calculator that will help businesses to make informed decisions on the best way to reduce emissions.
ENDS
For further information, please contact:
Press Office
Canary Wharf Group plc
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Notes to Editors
About Social Value Portal
Social Value Portal is an online solution that provides precise, standardised reporting to enable organisations to quantify and maximise the social value generated – making good go further. It provides the tools to measure, manage and report both financial and non-financial data in a meaningful, robust and transparent way for all stakeholders.
Social Value Portal launched the National TOMs Framework in 2017, alongside the independent National Social Value Taskforce. The Framework provides a minimum reporting standard for measuring social value, integrating the standards into their measurement approach as a minimum.
Social Value Portal’s aim is to promote better business and community wellbeing through the integration of social value into day-to-day business across all sectors.
Linkedin: @social-value-portal
Twitter: @socialvalueport
About Canary Wharf Group:
Canary Wharf Group (CWG) is the developer of the largest urban regeneration project in Europe. CWG develops, manages and currently owns interests in approximately 9 million square feet of mixed-use space and over 1,100 Build to Rent apartments.
CWG is the largest sustainable developer in the UK and also excels operationally as it has purchased 100% electricity from renewable sources since 2012 and sent zero waste to landfill since 2009.
CWG has created a 24/7 city where people can live, work and thrive on the Canary Wharf estate and enjoy all the benefits: great transport links, access to green spaces and waterside living; and a wide range of amenities including an award-winning arts and events programme. Canary Wharf’s retail offering comprises over 300 shops, including grocery stores, pharmacies, health clubs, bars and restaurants, all within 15 minutes’ walk.
The Company’s current £2bn construction activity and pipeline includes more than 500k square feet NIA of commercial properties and over 2,300 new homes for sale and rent.
www.canarywharf.com
LinkedIn: @CanaryWharfGroup
Instagram: @canarywharflondon / @eastwintergarden / @woodwharf
TikTok: @canarywharflondon
Twitter: @YourCanaryWharf / @CanaryWharfGrp / @Level39CW / @Wood_Wharf