The institute is consulting with its members to create the draft social value framework for FM.
Over the past few years, the IWFM Sustainability Survey has evidenced the need for greater clarity on social value, while a 2018 Leaders’ Forum Report articulated how there was a role for IWFM in creating social value metrics and an industry-agreed definition of what ‘social value’ should mean.
Since then, IWFM has joined forces with The Social Value Portal and the National Social Value Taskforce to develop an FM-specific framework.
It is now inviting workplace and facilities professionals to take part in a dialogue on the draft National TOMs Facilities Management Plug In (NT FM Plug In).
The Draft NT FM Plug In is a culmination of work that has been carried out since 2019 and has included a wide range of meetings and discussions with FM experts. It has been specifically designed to help organisations in the sector measure and maximise the social value they create through the sourcing and delivery of their services. Importantly, it will also allow organisations to report value created as a financial contribution to society.
Publication of the final version is scheduled for later this year.
The National TOMs are a framework for social value measurement and management that allows for an unlocking of social value through its integration into procurement and project management.
This survey has been designed to collect feedback from a wider set of stakeholders to ensure that the NT FM Plug In meets the needs and priorities on social value measurement and management within the FM sector. The survey is accompanied by a series of supporting documents that provide more background and guidance on the TOMs.
The consultation is open until 6 September and takes about 15 minutes to complete. If you have any questions about the NT FM Plug In or the survey, please contact: [email protected]
Please participate in the survey here.
More information about social value can be found on our sustainability hub.
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