Our goal of creating £120m additional social value has focused our UK business on making a measurable contribution to the UN’s Sustainable Development Goals. We’ve mapped our recent impact against our selected SDGs and have set out our impact goals over the coming years.
Through a robust approach, we’ve measured £140 million of social value in 2023 , further to £87 million of social value in 2022. This means we have far exceeded our ambitious goal of generating £120m of social value throughout our 2022-24 strategic cycle.
The value comes from a blend of ESG programmes. It gives us a lens to measure our impact more meaningfully. No fluff, everything is carefully evidenced. We work closely with the Social Value Portal to verify this data where possible (and acknowledge where not possible), to show the tangible impact we’ve committed to making for our communities, and our own people.
Our approach to social value is constantly maturing. Everything we’ve learned from achieving this goal will feed into our social value approach over our next strategic cycle.
Fostering joined up thinking
We see social value generation as the thread that combines so much of the full ESG spectrum – it fosters joined up thinking to create bigger impact.
Our goal is that social value becomes business norm – we believe we can play a big part in influencing and educating ourselves and our industry at large, collaborating and thinking bigger than ourselves by sharing best practice and what we learn as we go.