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    Greenbuild 2023 in Washington, DC

    ESG: Practices, Drivers, Implementation

    (A06) Creating and Measuring Social Value in the Built Environment

    Tuesday, September 26, 2023
    1:00pm – 2:00pm US EDT
    Location: Room 202A
    Earn 1 CE Credit(s)
    AIA LU|HSW GBCI Credit
    In 2020, Lendlease announced an ambitious social value target, to create $250 million of social value by 2025. Our social value target reflects our ambition to make a positive impact on people’s lives by improving their quality of life, supporting health and wellbeing, providing economic opportunities, improving the local environment, and building resilient and thriving communities. To achieve this target, we are partnering with Social Impax and Think Impact, social impact consultants who are helping Lendlease apply a rigorous methodology across our operating regions to measure and report on social value. This methodology helps to quantify the social benefit in monetary terms using the Principles of Social Return on Investment (SROI). The session moderated by Lendlease Foundation will invite social valuation experts and community-based partnerships to share learnings as well as the benefits of starting to measure social impact by quantifying the S in ESG. To date, Lendlease has reached nearly 43% (AUS$107.3) of its social value target.

    Learning Objectives:

    • Define social value and understand measurement methodologies
    • Gain knowledge of the 8 Social Value Principles and how to explore social accounting for their community engagement efforts
    • Introduction on how to assign monetary values to the amount of change created through social impact programs
    • Appreciation of how social valuation can assist to drive better social outcomes in the built environment