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BS 8950:2020

BS 8950:2020

$167.15

Social value. Understanding and enhancing. Guide

Published By Publication Date Number of Pages
BSI 2020 40
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This British Standard:

  1. gives guidance and principles for the understanding, preservation and enhancement of social value;

  2. focuses on the collection and use of appropriate data for making decisions about social value in all types and sizes of activities, organizations and groups, including public, private and social purpose organizations working alone or with others; and

  3. creates a framework for measuring social value building on and linking to existing principles and frameworks.

This standard does not provide:

  1. detailed practical instructions for carrying out specific related social value activities; and

  2. standardized data for qualifying impact.

The intended users of this guide are decision makers within organizations and those who support the decisionā€‘making process. They cover:

  1. organizations and companies in all sectors ā€“ public, private, civil society, and government, as well as collaborations and partnerships;

  2. investors, commissioners and advisors; and

  3. those who are already measuring social value as well as those who are new to the idea.

NOTE Different audiences are likely to experience specific issues in understanding, preserving and enhancing social value although the basic frameworks and data types and are unlikely to vary significantly. See  4.2.3  for more detail.

PDF Catalog

PDF Pages PDF Title
4 Foreword
5 0 Introduction
0.1 Social value
0.2 Purpose and audience
6 0.3 Wellbeing
0.4 Social value and sustainability
7 0.5 Decision making to enhance value
9 1 Scope
10 2 Normative references
3 Terms and definitions
11 Figure 1 ā€” Visual representation of wellbeing
4 Principles of collecting data to understand, preserve and enhance social value
4.1 General
12 4.2 Recognition of social value
15 4.3 Reporting on social value
4.4 Analysis and use
5 Culture
17 6 Framework for assessing and enhancing social value
6.1 General
18 Figure 2 ā€” Planning cycle
19 6.2 Making judgements about what matters
6.3 Planning what data to collect
20 6.4 Types of data to be collected
6.5 Identify and include stakeholders
21 6.6 Collecting data
26 6.7 Assure data quality
27 6.8 Analyse data, develop and consider options
29 6.9 Social value reporting
30 6.10 Activities that present challenges for enhancing value
31 Annex A (informative)ā€‚ History and approaches to social value
35 Annex B (informative)ā€‚ Approaches to wellbeing
36 Table B.1 ā€” Examples of approaches to wellbeing
38 Bibliography

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BS 8950:2020
$167.15