RESVI: A step toward a more sustainable real estate landscape

2023 saw a significant Social Value milestone in the world of real estate with the integration of Social Value Portal’s Real Estate Social Value Index (RESVI) into the esteemed Global Real Estate Sustainability Benchmark (GRESB) certification.

As highlighted by a recent GRESB article, the RESVI tool empowers developers to measure and enhance the Social Value generated by their in-use real estate assets. This capability has transformative potential at a time when developers are being urged to amplify and demonstrate their contributions to local communities.

Measuring Social Value: Complex but critical

Accurately tracking Social Value in real estate is inherently challenging, since both social issues and the outcomes of interventions are hard to quantify. Appetite has therefore been growing for a consistent system through which the real estate sector can understand key challenges and enact positive change.

This makes it all the more encouraging that RESVI now features as part of the GRESB real estate assessment – the first tool within the certification to cover the ‘S’ in ESG (Environmental, Social, and Governance).

Underpinned by the leading Social Value TOM System™, RESVI establishes a robust foundation for the measurement of Social Value in real estate. GRESB's article noted that:

Tools such as RESVI can help organisations enhance the good that they and their suppliers do.

A new paradigm in new real estate

Social Value Portal is excited to continue embedding Social Value in the built environment. As shown by our work with prominent real estate brands like Unibail-Rodamco-Westfield and Landsec, the potential to deliver good to communities is truly enormous.

Guy Battle, CEO of Social Value Portal, said:

RESVI is playing a pivotal role in the delivery of Social Value in real estate, fostering the creation of more equitable and sustainable communities. Its integration into GRESB will enable us to drive further positive change and continue to make Social Value a cornerstone of the built environment.

Guy Battle, CEO, Social Value Portal

Want to create better outcomes for communities through your developments? Learn more about RESVI and how it could transform your Social Value delivery.

About Social Value Portal

Since 2017 Social Value Portal has been at the forefront of the Social Value movement. As creators of the endorsed Social Value TOM System^TM, hosts of the annual Social Value Conference and founding members of the independent National Social Value Taskforce – they set industry standards and lead the business agenda.

Their unique mix of consultancy, cloud platform and programmes offer organisations the complete solution to accurately measure, manage and report Social Value – and create lasting impact.

In 2022, SVP achieved B Corp status, scoring above average in all assessed. The company’s aim is to promote better business and community wellbeing through the integration of Social Value into day-to-day business activity across all sectors.

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