The Chartered Institute of Building (CIOB) is leading by example with a report highlighting the social value it has delivered.
The findings show that for every £1 invested, CIOB delivers £4.06 of social value through its various initiatives.
These include its Tomorrow’s Leaders and mentoring programmes; engagement with its 47,000 members through regional hubs, member app and publications; the CIOB training academy; and the CIOB Assist programme, which provides help and support to the organisation’s members during times of hardship.
Saul Townsend, CIOB’s head of content and communications, said: “Social value is becoming increasingly significant across the construction sector and more widely, particularly in procurement processes, and it’s a subject we encourage our members to embrace.
“It epitomises our own CIOB values of professionalism, integrity, respect and excellence so, with this in mind, we felt it important to lead by example and measure our own social value, and we’re proud of the results.”
Social value is described as a measure of the positive value organisations create for the economy, communities, and society.
CIOB’s previous estimation of its own social value was in 2022 when it was found to be £2.84, however the organisation said the calculation then was not as detailed, and didn’t include its work at a regional level.
The CIOB report reveals that in 2022 more than half a million visits were made to its academy website, while over 11,500 of its continued professional development (CPD) packages were accessed. It shows the CIOB Assist programme supported 484 people last year compared with 290 in 2021.
In April this year, CIOB released a guide on social value for construction SMEs to help them get to grips with how to deliver, measure and communicate social value. It says this publication has been downloaded around 350 times to date.
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