Kier has partnered with Thrive to devise a social value calculator to capture, track and demonstrate social value across the group.
The Thrive platform is aligned to Kier’s Building for a Sustainable World framework, supporting each of its 10 sustainability pillars and its links to the United Nations Sustainable Development Goals.
The system will allow Kier to track the social value targets of each project, as well as providing a suite of environmental metrics and a range of corporate-wide reporting. The tailored data capture will allow Kier to provide its clients and other stakeholders with important data on each project’s social value impact.
Since 2017, Kier has used its own Shaping our Communities Calculator for social value metrics. This was created in-house and provided Kier with data that it could share with its clients and supply chain.
As demand for sustainability and social value metrics has grown, the link-[up with Thrive will offer a more mature software platform and the Impact Evaluation Standard (IES), a framework of metrics that cover at least 109 different activities. This will enable Kier to continue to differentiate itself as a leader in delivering social value.
Keir will also use=d the platform to track its supply chain’s social value to capture the work its subcontractors do to support its projects. The group is also working with Thrive to enhance its measurement methodology to include additional cost-benefit analysis metrics and its work with social mobility groups such as LM3 to monitor regional spend.
Sheryl Moore, Kier Group’s social sustainability manager, said: “Through our sustainability framework Building for a Sustainable World we have recognised the need for an enhanced social value platform that allows us to report on the requirements for all of our clients and stakeholders. Building on the legacy of our existing calculator, we completed an in-depth appraisal of suppliers and concluded that Thrive was the best fit.
“It has a unique combination of being user-friendly, having the ability to effortlessly capture data across both our business and throughout our supply chain, as well as providing robust and credible metrics and having the flexibility to support our various customer requirements”.
Neil Macdonald, CEO at Thrive, said: "The unique flexibility of our software complements Kier’s broad requirements; easy data capture from site, configurable client reports, and a robust way of showcasing their corporate values and purpose. We are excited to see the positive influence this partnership will have on the sector.”
Image credit | Kier Group