Case Studies

We collaborate with all types of businesses to quantify their impacts & the contribution they make to host societies; their Value2Society™.

Landsvirkjun

Country:
Iceland
Sector (GICS):
Utilities | Electric Utilities
Company Description:
Landsvirkjun is the National Power Company of Iceland, operating 15 hydropower and 3 geothermal power stations.
Landsvirkjun’s role is to maximise the potential yield and value of the renewable resources it has been entrusted with in a sustainable and efficient manner. To assist with and demonstrate progress on this objective, Value2Society™ was applied to the cascade of hydro electric power plants of the Pjórsá area, throughout the value chain. Importantly the Pjórsá area is comprised of five municipalities and the societal impacts, positive and negative, of Landsvirkjun’s operations are not uniform. A further aim of this project is to use the analytical insights to help Landsvirkjun consider how their total financial contributions (e.g. procurement, dividends, employment, investment etc.) might be disbursed to host municipalities by integrating this understanding of wider value creation.
Further Information:
Testimonial
Value2Society™ allowed us to quantify and compare the impacts of our Pjórsá operations equal to $20 / MWh, in net benefits. This understanding established a performance baseline (to track progress) and revealed our key impact drivers and priorities.

Hilti

Country:
Liechtenstein Headquartered & Global Operations
Sector (GICS):
Industrials | Machinery
Company Description:
Hilti is a leading tools manufacturing company based in Liechtenstein, with 33,000 employees around the world
Value2Society™ has been used in four areas by Hilti: (i) Providing a more comprehensive measure of the group’s direct operational performance, helping distil their sustainability-orientated priorities e.g. living wage, well being programmes, circularity; (ii) Quantitively understand the impacts resulting from their procurement and thereby better engaging key suppliers on sustainability objectives; (iii) Assisting the Hilti Foundation to quantify, compare and optimise the societal benefits of their various community projects and partnership programmes; and (iv) through Value At Stake estimating the proportion of societal impacts likely to translate to real financial costs and revenue. In combination with V2S, it crystalises a ‘double materiality’ perspective, central to fulfilling the EU’s CSRD.
Further Information:
Testimonial
To enhance our group steering and complement our understanding of value creation, we started to introduce a new metric called Value2Society™. This metric assesses our contribution to the environment, people and society, comprehensively quantified in monetary terms. We are working on integrating Value2Society™ into our performance management system. This monetised impact valuation also provides valuable input to identify material topics as part of the double materiality analysis under the Corporate Sustainability Reporting Directive.

Mace

Country:
UK Headquartered & Global Operations
Sector (GICS):
Industrials | Construction & Engineering
Company Description:

Mace is a global consultancy and construction company headquartered in London, UK.

For the past 8 years Mace has quantified and communicated the quarterly and annual V2S performance at the group and division levels. This has allowed Mace to track a key strategic objective, to maximise their societal contribution, across divisions and over time. This has revealed the business activities & areas driving wider value creation. These learnings are then transferred to the lagging areas bolstering the business as a whole. V2S has also helped position Mace as an industry leader in terms of responding to the UK’s Social Value Act. More recently, Mace have applied V2S to their development projects throughout a project life cycle – materials sourcing, construction, asset operation and (estimated) decommission. In this application, all development stakeholders (contractors, occupiers, facility managers, suppliers etc.) can participate in quantifying the projects V2S on an ongoing basis.
Further Information:
Testimonial
Each year we grow our Value2Society™ consistently and 2023 proved to be no different. We were delighted to hit our £700m 2026 target three years early (achieving a total social value of £912m).

Gatwick

Country:
UK
Sector (GICS):
Industrials | Transportation Infrastructure
Company Description:
London Gatwick Airport is the UK’s second largest airport, with over 40 million passengers per year.
Value2Society™ has been used in two areas by Gatwick: (i) introducing carbon and wider impact considerations to the capital expenditure process, through tool build and application to terminal pier design options; and (ii) to quantify the impact and progress of the second Decade of Change (DoC) programme. DoC concerns Gatwick’s address of 10 issues over 10 years, with emphasis on the economy, local community and natural environment. V2S has been deployed (for direct operations and for procurement / supply chain) to quantify the overall progress and societal contribution of the DoC programme. V2S also highlights the issues that drive the greatest contribution contribution or erosion and thereby helps orientate any required DoC course corrections.

Further Information, see pages 54-57:

Testimonial
I’m pleased to say that in 2023, our Decade of Change programme generated a net positive impact – or Value2Society™ – equal to £136 million.

Abrdn

Country:
UK Headquartered & Global Operations
Sector (GICS):
Financials | Capital Markets
Company Description:
Abrdn is a global investment company managing and administering £496bn of assets on behalf of clients
Sustainability is one of four strategic priorities for abrdn, with many of their clients seeking sustainability-focused solutions. However, much of the sustainability intelligence used (also known as ESG factors) is derived from company sustainability related disclosures. This becomes problematic, when disclosures are partial, asynchronous with financial performance and completely absent in the private markets realm. Value2Society™ ‘data’ endows abrdn with the ability to construct, full value chain, impact specific and aggregate V2S profiles for any investible opportunity. By doing so, Abrdn can now quantify & better understand the ESG credentials of private market opportunities. Further, these V2S Data constructed profiles provide the necessary foil to the disclosure led public markets strategies – both in terms of providing reference to corporate disclosures and filling the numerous data gaps in disclosures. V2S impact profiles permit specific issue or overall performance to infuse portfolio analysis and index construction.
Testimonial
V2S has the potential to redefine & strengthen current ESG / Sustainable Investing strategies.

Griffen

Country:
UK
Sector (GICS):
Real Estate | Management & Development
Company Description:

Griffen is Real Estate investment and development business focusing predominately on the industrial and logistics.

Value2Society™ permitted full value chain analysis of multiple developments, throughout their life cycle (from construction to occupation to decommission). Outputs from the the tool have helped optimise future construction designs (maximising societal benefit given a financial cost constraint) and enabled more effective engagement with planning authorities with respect to the societal value of proposed developments. Further, the real estate sector’s pursuit of sustainability is largely dominated by the guidance and goals of the BREEAM standard. It’s effective, but lacks in the areas of human and social capital i.e. what value does an asset add to a host community? Value2Society™ helped address this perceived deficiency.
Testimonial
Real Estate operates within & can positively add to communities. Value2Society™ helps ensures our assets are positive.