GIST Impact featured in Microsoft’s UK Impact Report
We are proud to announce that GIST Impact has been featured in Microsoft’s UK Impact Report! Microsoft used our objective, research-driven insights to assess the social return on investment of…
Join our CSRD webinar with Systems 7 and Celsia on 10th October 2024! Register here!
Q&A with Karan Peer, Social Impact Lead at GIST Impact’s Research and Innovation Lab
Q: What is the UK Social Value Act (2012)?
A: The UK Social Value Act (2012) 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 come into force?
A: The UK Social Value Model came into force on 1st January 2021.
Q:What are Model Award Criteria in the UK Social Value Model?
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. 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 Act (2012) 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 Act (2020).
We are proud to announce that GIST Impact has been featured in Microsoft’s UK Impact Report! Microsoft used our objective, research-driven insights to assess the social return on investment of…
GIST Impact CEO Pavan Sukhdev and Edelman Smithfield Head of ESG Advisory Lane Jost discussed the topic of “Local Compliance, Global Success: Upgrading Sustainability Strategies with the CSRD“. The wide-ranging…
Last week, GIST Impact, KPMG and Maanch organised a roundtable meeting that brought together industry experts from leading organisations and financial institutions driving the transition to an impact economy. The…
In our latest webinar, GIST Impact CEO Pavan Sukhdev and KPMG International Global Managing Director David Greenall discussed the topic of “CSRD: Data-Driven Quantitative Insights for Effective Compliance and Strategic…
Armin Peter joins us with over 25 years of Capital Markets and banking experience in the EMEA, where he was previously the Global Head of Debt Syndicate and Sustainable Banking…
In a recent TEDx talk “The Birth, Life, Death, and Afterlife of ESG Ratings”, our Founder and CEO Pavan Sukhdev explored the evolution and challenges of ESG (Environment, Social, Governance)…