We know what can be achieved when different specialists work together with a shared focus. We want to lead on sustainability in our sector, by demonstrating our commitment to the environment, the wider community, the wellbeing of our staff and our ability to influence those we work with, both clients and suppliers.
To be a sustainable business we must first understand our impact. So we’ve been working with the Social Profit Calculator to take a systematic, evidence-based approach, in order to measure and demonstrate the real value of what we do.
Embedding social value
Social Value is underpinned by understanding your social, economic and environmental impact, including evidencing the value it creates for people, communities, businesses and economies. At Hollis we recognise the increasing importance of Social Value as highlighted by the Public Services (Social Value) Act of 2012 and recent developments in Social Value since. Therefore, we work with Social Profit Calculator who have developed the RIBA Stages Social Value Framework to support our clients with embedding Social Value throughout every project they deliver.
Measuring social value
The Social Profit Calculator calculates the social, economic and environmental impact of an organisation using two key analysis frameworks; Social Return on Investment (SROI) and Economic Impact. The total impact of an organisation is calculated by combining the SROI and Economic Impact value.
Factors assessed included:
- Cost Benefit Analysis to identify the fiscal and economic savings we create for Government and taxpayers
- Social Value Analysis to measure how we improve the wellbeing of the people, families and communities we engage with
- Local Economic Benefit Analysis to understand how we support local economic growth
- GVA labour productivity
- Environmental impact metrics
Social return on investment
In 2019 we created £16,201,845 in SROI. This has been achieved through the delivery of a comprehensive range of Social Value KPI targets covering areas including apprenticeships, charitable donations, pro bono work, education support, creation of graduate roles and new roles, CPD events, sustainability and health and safety training, and volunteering hours.
The total Economic Impact Hollis created in 2019 is £64,698,934. Achieved by investing in local supply chains and creating local employment opportunities that has created GVA uplift.
The combined SROI and Economic Impact value gives Hollis a total Social Value Ratio of £2.09 which means for every £1 income for Hollis, there is £2.09 return on investment.
Partner and head of Environment, energy and sustainability, Anne Johnstone comments “these results help us to understand the tangible value we create for society and the importance of not only measuring this impact, but continuing to invest in social initiatives and really embed sustainability into the business at a grassroots level. As we continue to grow we must do so in sustainable ways and we look forward to formally introducing a business-wide sustainability strategy this year.”