Social performance

Our Thriving Spaces pillar includes our commitment to make a long-lasting, positive social impact in our communities.

In FY23 we have delivered education, employment and affordable space initiatives at all our priority places. 26,000 people have benefited from initiatives across our portfolio and we have provided affordable space worth £1.9m. We have introduced social value reporting and will set a 2030 social value target in FY24.

 

Social impact targets

2030 Targets

FY23 Performance

FY24 Priorities

  • Deliver £25m Social Impact Fund including at least £15m cash
  • 12% of employees are expert volunteers
  • £12.5m social value generated including £1.9m affordable space
  • £2.2m total social investment
  • 26,000 total beneficiaries
  • 6% of employees are expert volunteers
  • 22% of employees volunteered
  • Develop a social value target
  • Expand social value reporting and introduce targets across developments
  • Grow expert volunteering with a focus on professional development
  • Reintroduce Community Week volunteering opportunities for all employees

 

Education targets

2030 Target

FY23 Performance

FY24 Priorities

  • Impactful education partnerships, benefiting over 80,000 people across our places
  • 16,600 education beneficiaries
  • 62 education initiatives across our portfolio
  • Education initiative run at each of our priority places
  • Identify opportunities to support the just transition though our education programmes1
  • Continue to provide at least one needs based education initiative at each of our priority assets

 

Employment targets

2030 Targets

FY23 Performance

FY24 Priorities

  • Impactful employment partnerships, benefiting over 10,000 people across our places
  • 5% Bright Lights employment across developments
  • 2,300 people benefited from meaningful employment support
  • 580 people supported into employment
  • 32 employment initiatives across our portfolio
  • Employment initiative providing meaningful support run at each of our priority places
  • Identify opportunities to support the just transition though our employment programmes
  • Continue to provide at least one employment initiative providing meaningful support at each of our priority assets
  • Review social targets for developments and update Sustainability Brief

 

Affordable space targets

2030 Target

FY23 Performance

FY24 Priorities

  • Affordable space at each priority place, with at least £10m of affordable workspace, retail space, community and arts space delivered across our portfolio, through our Social Impact Fund
  • £1.9m of affordable space provided across our portfolio
  • Affordable space opportunities provided at each of our priority places
  • Continue to provide affordable space at all of our priority assets
  • Evaluate the impact of affordable space at priority assets
  • Increase programmes that engage and support entrepreneurs

 

1. A just transition seeks to ensure that the substantial benefits of a green economy transition are fair and inclusive, creating employment opportunities and leaving no one behind.

For more detailed data, see our Sustainability Progress Report

Decent work and economic growth

 

More on Thriving Places

 

Local Charter

Local Charter

Sustainability Progress Report 2023

Sustainability Report 2023

Sustainability Strategy 2030

Sustainability Strategy 2030

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