UK tech start-up whatimpact is an innovative platform that matches companies and grant-makers with charities and social enterprises in a strategic, efficient and transparent way. It sets a new precedent in how Company Social Responsibility (CSR) and social value is established, managed, and reported on – all hosted on the whatimpact platform.
Companies are increasingly committed to engaging with societal issues in a meaningful way and whatimpact is a tool to help manage the hard work. The platform matches companies according to their goals for social impact, offers easy to use due-diligence templates and streamlines impact reporting. The platform is also a solution for companies that have to meet the requirements of the newly enhanced Social Value Act as a result of the changes to the Procurement Policy Note 06/20.
New measures to deliver value to society through public procurement
Businesses seeking to win government tenders must set out how they will also prioritise social value deliverables. In addition to an assessment of monetary value, evaluation and assessment procedures will now incorporate the bidder’s social value score. This approach will give opportunities for SMEs, social enterprises and larger organisations with holistic CSR processes to win Government contracts by demonstrating the full extent of the value they would generate if successful. With whatimpact, organisations with resources to give can ensure that their donations are going to those most aligned with their own goals and to organisations that can make a real difference.
Recipient organisations on the platform. 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.
Companies involved in the initiative include EY, McLaren, Brewin Dolphin and Engie, alongside a number of SME’s. They are all offering very different forms of support through whatimpact either in order to fulfil UN SDGs, meet the Social Value Act requirements, or simply engage in good practice. Sign your organisation up here and match with organisations who share your vision of a sustainable future.
