RSSB2630 - T1127 Creating a common framework of how rail can measure and understand its social impact value as a system

The GB rail industry has robust means to measure the economic value of rail, however, social sustainability still relies largely on narrative explanations and limited metrics. While there has been much progress on understanding and targeting the social value of rail projects, the absence of a robust methodology and baseline to measure, monitor and evaluate social impacts has resulted in inconsistencies across industry and little trust in existing metrics. This has made it challenging to assess the social return on investment (SROI) within the investment optioneering, planning and delivery of the railway. Sustainability is becoming increasingly embedded within industry, as such, there is a…

Read all of it on Contracts Finder →