social value

Social value refers to the positive impact that actions, projects, or investments have on society and the community. It encompasses benefits such as improved quality of life, enhanced social cohesion, increased employment opportunities, and support for vulnerable groups. Essentially, it measures how well an initiative contributes to the well-being of people and strengthens community resilience, going beyond financial gains to include social and environmental improvements. In practical terms, social value ensures that resources are used in ways that create lasting, meaningful benefits for society as a whole.