Why is social value important for land and property?
Social value is a concept used to measure the impact that property and places can have on communities and the wellbeing of people who live, work and visit them.
It is one of the three main pillars of the Environmental, Social and Governance (ESG) standards used by companies and organisations as a framework to ensure that they are operating in a responsible manner.
Our latest guidance document is a quick guide to realising the potential of property and land through social value, how improving it can benefit your business and highlighting some of the ways social value can be quantified.
We reference a recent study undertaken by Scottish Land & Estates which showed that rural estates in Scotland are vital in their provision of social value by supporting some of the most vulnerable communities.
For example, they help by providing rural housing, looking after village infrastructure, providing access to the countryside for people to enjoy and land for other rural enterprises.
Download the full document.