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
• f affordable homes – >£400m t/o
• Core principle around responsible business which is delivered through

Reshaping Tomorrow 2020

A new world is emerging

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

• n the social agenda

– skills, employment, fuel poverty

Reshaping Tomorrow 2020

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

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

Our approach to working with SE’s

• Indirect spend

through our clients and/or supply chain

• Major or employee

sponsored awards to SE’s

• Direct Trade between

Wates and the Social Enterprise (SEB)

• Other external funding

leveraged by Wates to support the sector Social Investment Direct Trading Indirect Trading Wates Giving

We embed across everything we do

Integrate

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

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
• ffenders 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