Embedding social value into our built environment to create spaces that enhance wellbeing and strengthen our communities is essential, now more than ever. But how do we successfully measure its impact?
Our discussion paper, Social Value in the Built Environment — the result of a partnership between Hassell and the Green Building Council of Australia (GBCA) — consolidates the newest thinking in Australia and internationally on the shifting definition of social value and how best to measure its impact.
Social value in the built environment refers to the positive impact on people’s quality of life when buildings, places, and infrastructure support their environmental, economic, and social wellbeing.
While the creation of social value through built environment projects is not new, significant attention is now being directed to measuring the value created. By taking a systematic approach to the design, creation, and measurement of social value, we can ensure projects are delivering more benefits than they might have done otherwise.