Creating social value from the social enterprise sector Rachel - PowerPoint PPT Presentation

Creating social value from the social enterprise sector Rachel Woolliscroft, Group Sustainability Director Liam Manton, Community Investment Advisor Lee McCann, Operations Director

For those of you who don’t know us… • Wates Group is one of the largest privately owned construction, development and maintenance services business in the UK • Wates Living Space is a maintenance services business and new build provider of affordable homes – >£400m t/o • Core principle around responsible business which is delivered through Reshaping Tomorrow 2020

A new world is emerging Increasing demand of Legislation Collaboration can drive affordable homes continues to innovation and change greater impact Supply chains are Transparency in the now global supply chain and ethical therefore climate sourcing of materials & resilience is labour important is increasing Increasing focus Reputation management As businesses, we on the social agenda is business critical have an opportunity to – skills, employment, be a force for good fuel poverty

Reshaping Tomorrow 2020 Our Vision To be a trusted partner in the built environment Reshaping Tomorrow Our Approach Our actions today impact tomorrow Tomorrow’s Tomorrow’s Tomorrow’s Tomorrow’s Tomorrow’s Behaviours Footprint Communities People Buildings Having the right Having the right Having a positive Working in team with the right Working with others behaviours to impact on the partnership to enable skills and behaviours to influence achieve a zero environment local communities to to do the job sustainable building harm culture through our work prosper for the future regardless of design background Delivered through collaboration with our Customers | Supply Chain | Wates Giving | BITC | SEUK | Ixion Holdings | Other Partners

Leading the way on Social Value • Communities Count findings: – 52%: social value delivers cost savings – 70%: social value delivers innovation – 33% not currently considering it across all services – 90%: social enterprise = social value – 55%: measurement is biggest challenge Define Integrate Partner Measure

Why we buy Social • Aligns with partners who are committed to social change • Enables us to develop and enhance deeper relationships with our customers, supply chain and wider stakeholders • An innovative approach to delivering social value in terms of employment and local labour • Boosts our reputation and brand as a socially responsible business • Differentiation in work winning - we are sector leaders in this field • Enables us to source a new and responsible supply chain that fits Wates ’ values

Our commitments Our Aspiration: We will enable new jobs and training opportunities for those who are marginalised from the workplace by supporting the social enterprise sector. Our Goal: Every project will work with a social enterprise and our investment to the sector will exceed £20m cumulatively by 2020. 2015 Target: Our cumulative spend will exceed £6.5m.

Our approach to working with SE’s • Other external funding • Direct Trade between leveraged by Wates to Wates and the Social support the sector Enterprise (SEB) Social Direct Investment Trading Wates Indirect Giving Trading • Indirect spend • Major or employee through our clients sponsored awards to SE’s and/or supply chain

We embed across everything we do Procurement People Finance Marketing Seeing is SEB Business Integrated into Believing Champions accounting Preferred system Customers Suppliers Skills Based Briefings Volunteering Monthly spend Payment reports Communities Terms Awards Count Integrate

SEB – Our online database

How we report SE spend

Seeing Believing Tours for our customers

Some of the SE’s we work with • Provide void clearance, environmental improvements, cleaning, white good disposal • Social purpose is around prolific offenders back into work • £125k to date • SORI: £1 = £2.30/£2.65

Some of the SE’s we work with • Timber waste recycling from our sites • Over 1000 tonnes of wood waste diverted from landfill • Over 75k traded to date • Provide jobs and training for long term unemployed

Working with others is key Key Partner for over 3 years. • Manage our Social Enterprise Brokerage. Partner on the Communities Count Thought Leadership. • Support on Seeing is Believing Programmes

So what does success look like? • Over £6m cumulative spend to date with the SE sector • Traded with over 60 social enterprises on over 50% of our projects • Launched the first industry SE brokerage • Award Winning Programme • Awarded over £1m to the SE sector from Wates Giving