Supply Management Special Report - Social Value

22 September 2022

The business case for social value 

SOCIAL VALUE COVER IMAGE: JOBALOU/GETTY IMAGES
Social value is often viewed as a relatively new topic for businesses to
address, and yet the concept has been present for many years in various
guises – for instance, the indigenous inclusion initiatives in Australia and
New Zealand, in-country value programmes in the Middle East and public
sector service legislation in the UK brought in more than a decade ago.
However, social value is not simply a worthy cause with an added expense;
whether it is defined as supplier diversity or public good, it yields very real and
measurable positive impacts for businesses and communities. Following a series
of extreme global disruptions over the past two years, which have affected all
aspects of life, from industry to personal wellbeing, many leaders now see social
value as the key to rebuilding the world economy. Because you can’t have a
robust, resilient business landscape that brings long-term stability without
equally healthy workforces, consumers and populations to support that journey.

Social value is not simply a worthy cause; whether it is defined as supplier diversity or public good, it yields very real and measurable positive impacts for businesses and communities.

Following a series of extreme global disruptions over the past two years, which have affected all aspects of life, from industry to personal wellbeing, many leaders now see social value as the key to rebuilding the world economy. Because you can’t have a robust, resilient business landscape that brings long-term stability without equally healthy workforces, consumers and populations to support that journey.

This special report explores the mutual benefits of social value projects, including: 

  • The business case for making social value investments 
  • When social value is enshrined in law
  • How to benchmarks these initiatives 
  • The challenge of embedding long-term cultural change
  • Putting social value into practice  

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