
Newsweek, Plant-A Insights and GIST Impact partner on “America’s Greenest Companies” ranking
This inaugural list identifies the top 300 companies in the U.S. based on their environmental performance.
NEW PRODUCT PARTNERSHIP: GIST Impact and IBAT Alliance partner to expand investor access to world-leading biodiversity data. Learn more!
Q&A with Karan Peer, Social Impact Lead at GIST Impact’s Research and Innovation Lab
Q: What is the UK Social Value Model Act 2020?
A: The UK Social Value Model Act 2020 is a piece of legislation that requires central government departments in England, Wales, and Scotland to consider the social, economic, and environmental benefits of their procurement decisions.
Q: What are the five strategic themes of the Social Value Model?
A: The five strategic themes of the Social Value Model are:
Q: When did the UK Social Value Model Act 2020 come into force?
A: The UK Social Value Model Act 2020 came into force on 1 October 2020.
Q:What are Model Award Criteria in the UK Social Value Model Act 2020?
A: MACs, or Model Award Criteria, are the six strategic themes that are used to assess the social value of a procurement decision in the UK Social Value Model Act 2020. The six MACs are:
Each MAC is further divided into a number of sub-criteria, which provide more specific guidance on how to assess the social value of a procurement decision. For example, the MAC for “Jobs and skills” includes the following sub-criteria:
The MACs are a valuable tool for contracting authorities that are looking to deliver social value through their procurement decisions. The MACs provide a clear and systematic way to assess the social value of a procurement decision, and they can help to ensure that social value is considered alongside other factors, such as price and quality.
The Social Value Model Act 2020 requires contracting authorities to consider the social value of their procurement decisions, and the MACs provide a framework for doing so. Contracting authorities can use the MACs to identify the social value deliverable that is most relevant to their procurement decision, and then they can use the sub-criteria to assess the social value of the different bids.
Q: Is the Social Value Model a voluntary tool?
A: Yes, the Social Value Model is a voluntary tool. However, it is increasingly being used by central government departments in England, Wales, and Scotland.
Reach out to learn more about how GIST Impact can help measure and report the social value created in line with UK Social Value Model 2020.
This inaugural list identifies the top 300 companies in the U.S. based on their environmental performance.
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We’re excited to announce that GIST Impact has joined the Social Value UK network, the professional body for social value and impact management.
Cambridge, September 6 2023 – GIST Impact, a leading impact data and analytics provider, has joined forces with the Integrated Biodiversity Assessment Tool (IBAT) Alliance to expand investor access to…
Key takeaways July 31, 2023, marked a significant milestone for sustainability reporting standards in Europe – and indeed globally -, with the European Commission officially adopting the final delegated act…