Creating and maximising social value
Social value can be defined by measuring the impact of activities on people and wider society’s welfare and wellbeing. As social value becomes more important, rail needs to build back better, continue to level up and deliver value add through our operations. RSSB has developed a guide to help you understand social value and the competencies needed to build and maintain our social value.
The Rail Social Value Tool (RSVT) was created by RSSB to allow rail organisations to include social value considerations when assessing investment in projects and activities. It includes a significantly larger and wider range of values. Rail stakeholders can use the RSVT to better understand how their decisions will affect the people and communities nearby.
Here we provide information available on social value to help you get started.