Social Value, Sustainability and ESG Star Rating
How We Calculate Your Social Value Star Rating
Our star rating calculation is a blend of precision and comprehensive analysis.
We evaluate key factors such as your company's engagement in sustainability, EDI initiatives, and overall contribution to overall social, be environmental and economic wellbeing. This evaluation is based on a sophisticated algorithm that considers both qualitative and quantitative measures of social impact.
Each aspect is weighted and scored, leading to an overall score that translates into a one to five-star rating. This rating not only reflects your current social value achievements but also guides future improvement areas, providing a clear path towards enhanced societal impact.
What Your Rating Means
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1 Star – Making a start
If you have a one star rating, this means that you have lots of areas of improvement to make depending on the industry you work in. This could simply mean that you are not collecting enough data or the right data to understand your social impact and social value. Or that you can do more as a business or project strategically to increase your Social Impact and Social Value. Our experts of consultants can help you with that.
2 Stars – Average
If you have a two star rating, this means that you are on the way to performing good but could have some of areas of improvement to make depending on the industry you work in. This could be more data collection particularly regarding your supply chain but need to review if you are focusing on the right Social Value KPIs and may need a Social Value Strategy in place that will increase your Social Value on your next reporting. Our experts of consultants can help you with that.
3 Stars – Good
If you have a 3 star rating, this means that you are doing really well in terms of delivering Social Value both within your organisation and for your clients. To increase your Social Value from this middle point you might want to review your Social Value Strategy so that you are creating more Social Value in how you deliver your Social Value KPIs both internally to support your business and externally to support your clients.
4 Stars - Excellent
If you have a 4 star rating, you are outperforming your peers in the industry. You are delivering really well against your Social Value KPIS that you have set as a business and are delivering against your commitments to you clients. You have fully integrated Sustainability, EDI and Wellbeing into your Social Value Strategy There may be improvements you can make but continue what you are doing.
5 Stars - Outstanding
If you have a 5 star rating, then you have done everything you can do to be the best at embedding and delivering Social Value Within your business and for your clients. You are outperforming against your peers in your industry, you are collecting the data you need to evidence the Social Impact and Social Value you create, and you are delivering your Social Value strategy to achieve maximum value. Your social, economic and environmental contribution to society is outstanding. Keep doing what you are doing, your strategy is working and apply it to all your business operations, projects and activities you are working on.