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SUPPLY CHAINS


value is that it has been difficult to define. However, new frameworks aimed at standardising social value processes are being introduced. Not only will they offer consistent methods of reporting social value, but they will also outline best practice guidance. By adopting the use of proxy values against social value key performance indicators, there will also be more clarity on how social value is measured.


IncreasIng focus on thIrd-party verIfIcatIon


Third-party verification is emerging as a shrewd choice for businesses navigating a progressively complicated risk management landscape. Stakeholders are increasingly turning to it for assurance when considering new partnerships. While many industries and governments now demand third-party verification to achieve compliance with specific standards and legislation. A risk management accreditation


provider such as CHAS offers membership packages covering all areas of risk management, from


safety compliance to social value and the environment. Among a myriad of benefits, a CHAS client will be able to match with the best contractors and have full visibility of their supply chain network and individual compliance levels.


CHAS www.chas.co.uk


InduStrIAl ComplIAnCe | WInter 2023 37


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