Richmond upon Thames Council's Finance, Policy and Resources Committee is set to review the council's approach to Social Value in Procurement
as part of its future work programme. The committee added the topic to its agenda for a future meeting, indicating a focus on ensuring that council procurement activities deliver broader benefits beyond the immediate financial transaction.
This could encompass environmental, social, and economic considerations. For instance, the council is considering incorporating a locally-defined social value indicator focused on tackling violence against women and girls into its procurement processes. Furthermore, social value monitoring and reporting processes have advanced over the past year, with a more systematic approach now implemented for collecting supplier case studies.
Mechanisms will be in place to measure and report on the success of the social value procurement policy. Performance concerning the new local indicator on violence against women and girls will be assessed, building on the more systematic approach to collecting supplier case studies.
While the specific details of the Social Value in Procurement
review were not discussed at this meeting, further details on the scope and objectives are expected to be revealed when the item is formally presented to the committee in June. The committee's work programme can be viewed in full here.
