Social value isn’t new to Bolton at Home.
We are a charitable community benefit society providing social housing. As a responsible business, social value is at the core of everything we do.
Our core business, the provision of affordable social rented housing, creates enormous social value and should not be underestimated. However, we can also do much more, and in the current economic climate, desperately need to do so.
We recognise and ensure that we deliver social value:
- Directly, in the services that we provide for our customers, and in the communities that we work with;
- Through the procurement and commissioning of goods, works and services and
- In partnership with other organisations, enterprises and individual people.
In the simplest terms, through the implementation of our social value policy we are looking to deliver greater improvement to the economic, social and environmental profile of Bolton and surrounding areas.
It should be noted that the term “Social Value” is not defined in legislation. Instead social value legislation focusses on achieving the three “pillars” of sustainable development as defined by the United Nations (UN):
- Economic wellbeing;
- Social wellbeing, and;
- Environmental wellbeing.