The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

AI-Based CSR Tool Launches to Help Firms Meet Social Value Act 

AI-Based CSR Tool Launches to Help Firms Meet Social Value Act 
12 April 2021
 

A UK tech start-up that matches companies and grant-makers with charities and social enterprises using AI has launched.

Companies such as Ernst & Young, McLaren (construction), Brewin Dolphin and Engie, alongside a number of SMEs have recently joined the platform to help them implement social value programmes and expand their corporate social responsibility efforts. 

whatimpact is an AI-enhanced match-making platform designed to improve efficiency and transparency of CSR programmes, and help companies to communicate the impact of their social value activities to their internal and external stakeholders. 

It also aims to help businesses meet the requirements of the updated Social Value Act (SVA), which makes it mandatory for companies to work for the government bodies to deliver, and to prove, social value.

 

"By working with whatimpact, we hope our people across the UK will be able to use their professional skills to help more charities and social enterprises overcome some of the business challenges they face, enabling them to have an even greater impact on the people and communities they work with.” 

–Gavin Jordan

UK Financial Services Chief Operating Officer, EY

 

Increasing Focus on Corporate Social Responsibility

 

Companies are increasingly committed to engaging with societal issues in a meaningful way, particularly in light of the pandemic. CSR remains a core part of facilities and workplace management, and it often falls to the FM to provide social value reports too.

As well as being considered generally good ethical business practice, good CSR credentials also affects recruitment and talent retention, as well as being an influencer in purchasing decisions and tendering. However, the newly enhanced SVA means that businesses seeking to procure government work must set out how they will deliver social value priorities explicitly. The legislation has changed the way companies linked to the SVA must report on their past, present and future impact and whatimpact also caters to these needs.  

Tiia Sammallahti, CEO and Founder of whatimpact.com explains:

“We are here to help save time and money for both supporters (companies and grant-makers) and recipients (social enterprises and charities), ensuring that the most impactful causes and projects are delivered with maximum efficiency. This benefits society as a whole.

"whatimpact is a fully transparent marketplace where everyone has access to the site profiles and interactions. We not only help organisations match with each other but help them report and communicate their impact to the public and other stakeholders.” 

 

AI Matching

 

whatimpact matches organisations based on shared values, UN sustainability development goals (SDGs) and geographic needs across the country, so that companies can direct donations and skills to the organisations that need them most. The whatimpact innovation caters to the needs of companies looking to strategically engage with charities and social enterprises as part of their wider mission to make a positive difference alongside their usual operations. 

 

EY Volunteers

 

EY is the latest company to sign up to whatimpact’s platform, and will offer a series of business clinics to charities and social enterprises grappling with business challenges. Based on research conducted with whatimpact on the most significant pain points facing organisations, EY has developed clinics on managing finances, achieving scale and growth, and building resilience in times of uncertainty. EY will also look to offer one-to-one coaching to help those involved continue to solve their business challenges.

“EY has set an ambitious global target to positively impact one billion lives by 2030 through our Global Corporate Responsibility Programme, EY Ripples," says Gavin Jordan, UK Financial Services Chief Operating Officer, EY.

"By working with whatimpact, we hope our people across the UK will be able to use their professional skills to help more charities and social enterprises overcome some of the business challenges they face, enabling them to have an even greater impact on the people and communities they work with.” 

 

Charities and Social Enterprises

 

The charities and social enterprises on whatimpact match the local and regional needs of companies, cross over with the UN SDGs and/or fit the five focus areas of the Social Value Act.

Some of the charities and social enterprises involved include: Race Equality Matters (which is focused on improving equal opportunities and tackling racial inequality), the Hummingbird Project (focused on wellbeing in the workplace), and RIFT (which aims to transition ex-offenders into the construction industry) – all of which meet one of the SVA’s priority areas. Added to this, WorldVision and the Single Homeless Project are just a few of the charity names on whatimpact, aligned with the UN SDGs.

Picture: a photograph of a person loading boxes into the back of a vehicle, wearing gloves and a face mask

Article written by Ella Tansley | Published 12 April 2021

Share



Related Articles

What Is the Aim of COP26?

The UK will host COP26 in Glasgow on 31 October – 12 November 2021. The summit will bring parties together to accelerate action towards the goals of the...

 Read Full Article
The Business Case for Safe and Sustainable Hydration

Previous safety concerns around reusing water bottles are being resolved and businesses should be returning focus to sustainable hydration in the workplace, says Mark...

 Read Full Article
University Researches AI Surveillance for Social Distancing Monitoring 

Researchers at Griffith University, Australia, have developed an AI video surveillance system to detect social distancing breaches in an airport without compromising...

 Read Full Article
Biochar – The Latest Carbon-Friendly Material

Researchers and scientists are experimenting with Biochar, the carbon-rich soil, to examine its use within the built environment. Discovered via observing the man-made...

 Read Full Article
Sodexo Launches 2021 Social Impact Pledge

Sodexo UK & Ireland has announced its commitment to a series of pledges forming its ethical manifesto for leading the way to improve quality of life for society and...

 Read Full Article
How can University Facilities Encourage the Next Generation?

For 2021’s new starters, the first group to undertake a full degree after COVID-19, the university experience will inevitably be different. As Paul Bean from...

 Read Full Article
The UK’s Hydrogen Economy – Industry Reactions

The UK’s first-ever hydrogen strategy launched this week, defining the energy source as critical in the country’s target of net-zero emissions by 2050. The...

 Read Full Article
Embracing People-Centric Design to Encourage Office Returns

Is people-centric design the key to making sure organisations make the best use of their physical real estate? Ed Cowell is the Chief Executive Officer...

 Read Full Article
JLL Acquires PropTech Company Skyline AI

In a move to help deliver more powerful insights to its clients, JLL has reached an agreement to acquire Skyline AI. Skyline AI uses unique data sets, AI and...

 Read Full Article
BESA Highlights Shortcomings of Government IAQ Report

A report commissioned by the government’s chief scientific adviser Sir Patrick Vallance has highlighted the crucial role played by building ventilation in...

 Read Full Article