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Discrimination

...rule disadvantages a person or a group sharing the same characteristics. It must be shown that a group...

Child labour

...15 years, or under the age of completion of compulsory schooling, whichever is higher....

Corporate culture

Corporate culture expresses goals through values and beliefs. It guides the undertaking’s activities through...

Glossary of Impact terms

Impact risk

The likelihood that the results of the decision do not reflect the preferences of people affected. Risk should...

Standard / Standardisation

Rules or guidelines for common and repeated use to which organisations demonstrate...

Level 3: What’s included?

Our ‘Value’ package will guide your business through three stages designed to fine-tune your organisation’s approach...

How can Impact Reporting help in my social value bid?

...helping you demonstrate your social value effectively. We transform complex data into easily understandable metrics

How can I integrate social value into a procurement tender?

You start by understanding what’s important to your organisation, your stakeholders, and the communities...

What is social value, and why does it matter in public procurement tenders?

...applied to procurement, it’s about achieving maximum value for every pound spent, not just economically but also socially...

Corruption

...a breach of trust in the conduct of the undertaking’s business. This can include cash or in-kind benefits,...

Workers’ representatives

...namely, representatives who are freely elected by the workers of the organisation, not under the domination...

Legitimate representatives

Individuals recognised as such under law or practice, such as elected trade union representatives in the case of...

Weighting

Giving outcomes or impacts a weighting (e.g. on a scale of 1 to 10) to allow and report your impact, laying a solid foundation for meaningful progress...

How does impact investing work within private equity?

In private equity, impact investing targets companies that not only promise financial returns but also demonstrate...

What is the difference between sustainability reporting and ESG reporting?

Sustainability reporting: Focuses on a company’s overall sustainability performance, including environmental, social, and economic...

Why robust social value strategies are essential for housing associations

...to know your resources are going to the best possible place. A more robust social value strategy will...

Impact & Procurement Hub join forces to promote Social Value

...the last two years and is supporting the company’s expansion. Procurement Hub is a...

Equal treatment

The principle of equal treatment is a general principle of European law which presupposes that comparable...

Incident

A legal action or complaint registered with the undertaking or competent authorities through a...