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  • IWFM begins consultation on social value framework for FM

    The IWFM is now inviting workplace and facilities professionals to participate in a consultation on the draft National TOMs Facilities Management Plug In (NT FM Plug In).

    For the last few years, the IWFM Sustainability Survey has evidenced the need for greater clarity around social value, while a 2018 Leaders’ Forum Report articulated how there was a role for IWFM in creating social value metrics and an industry-agreed definition of what ‘social value’ should mean.

    Since then, IWFM has joined forces with The Social Value Portal and the National Social Value Taskforce to develop such an FM-specific framework.

    The Draft NT FM Plug In is a culmination of work that has been ongoing since 2019 and has included a wide range of meetings and discussions with facilities management experts. It has been specifically designed to help organisations in the sector measure and maximise the social value they create through the sourcing and delivery of their services; importantly, it will also allow organisations to report value created as a financial contribution to society. The publication of the final version is scheduled for later in 2020.

    The National TOMs are a framework for social value measurement and management that allows for an unlocking of social value through its integration into procurement and project management.

    The survey has been designed to collect feedback from a wider set of stakeholders to ensure the NT FM Plug In meets the needs and priorities on social value measurement and management within the facilities management sector. The survey itself is accompanied by a series of supporting documents which provide more background and guidance on the TOMs.

    The consultation is open until 6 September and it takes around 15 minutes to complete. If you have any questions about the NT FM Plug In or the survey, please contact: philipp.cyrus@socialvalueportal.com

    Please participate in the survey here.

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    Stuart O'Brien

    All stories by: Stuart O'Brien

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