Social value reporting framework, the Impact Evaluation Standard (IES), has today announced the members of its 2022 steering committee, to oversee its direction in the coming year. The six-strong independent expert panel ensures that the IES continues to provide the most comprehensive framework of metrics and proxy values for reporting on social value impact.
As Social Value takes an ever-more central place in public procurement, the need for a consistent, thorough and above all universally acknowledged set of standards for tracking and reporting has never been greater. The IES provides a series of metrics and proxy values that can be used to consistently assess the impact generated by over 109 different types of activities.
IES board member Benjamin Fellowes said: “The scale of humanity’s issues can feel daunting but that is why being able to consistently appraise and measure social impact is so important, because it can drive real change. Evaluating and improving the impact organisations are having at a social, economic and environmental level needs to be in sharp focus.
“I’m incredibly proud that the Impact Evaluation Standard is helping organisations of all sizes ensure they are contributing to the solution to local and global problems and that they can now evaluate and tell their story around this”
The steering committee evaluates rapidly evolving best practices in the appraisal of social, economic and environmental impacts and makes clear recommendations for updates and additions to the IES. This independent expert input is what enables businesses that use the IES to evaluate their social value efforts to be certain, not only that they are in line with all of the most recent government guidance but also that none of the value they create is missed.
Members of the IES steering committee for 2022 are listed below.
Stephen Hogan, director of Exogeny Consulting: Hogan is a specialist in corporate responsibility, ESG (environmental, social and governance) and social impact with 20 years’ experience of working across business, government and civil society.
Rob Wolfe, managing director at CHY Consultancy: Wolfe has worked in physical and social regeneration at a front line and strategic level for 20 years. He has been a key influence in local, regional and national social value policy.
Emma Ward, head of sustainability and inclusion at VolkerWessels UK: With over 20 years’ experience in the environmental and sustainability arena, Ward has a passion for supporting the delivery of projects that have purpose and lasting legacy.
Huw Evans, managing director of Impact Consultancy: Evans is an accomplished business leader with over 25 years of management, strategy, development, delivery and operational experience in social impact and education.
Joanna Gilroy, group head of sustainability and environment for Kier Group: Gilroy is a multi-award-winning sustainability professional with a diverse international background from consumer products to primary industries.
Stephen Leo, director of Social Value Solutions and Plena Consulting: Leo is an environmental, social and governance specialist with over 34 years of experience in the construction and infrastructure industry.
About the Impact Evaluation Standard (IES)
The IES sets out a framework of metrics, proxy values and guidance documentation to assist public and private sector organisations in calculating and understanding the social value they are generating.
In essence it is a common list of activities that organisations undertake which have a significant social, economic or environmental impact on their communities. The IES provides guidance on how to value and assess the impact of these activities.
Through state-of-the-art ways of measurement and reporting, the IES helps organisations differentiate themselves from others. It also brings robust innovation in the quantitative and qualitative measurement of social impact and value.