As our understanding of sustainable development broadens, so with it has come a pressure on the property and infrastructure sector to proactively address some of the social challenges associated with an increasingly dense, unequitable and diversified populations. This need to address the social element of the triple bottom line, which is reflected in the broadening of the credits in ratings tools such as IS Tool and Green Star.
An in depth and inclusive social innovation process can be used to uncover these shared value opportunities that deliver financial returns to investors and meet best practice environmental benchmarks, whilst also delivering a net positive social outcome for tenants and the local community.
A social innovation process assists an organisation to:
- Clearly understand social infrastructure requirements of local communities through a detailed Social Needs Assessment
- Design and implement programs and initiatives that meet local need, whilst simultaneously meeting rating tool social credit requirements
- Design and pilot innovative housing, retail and community service delivery models that maximise shared value opportunities
- Meet the requirements of additional community and social impact credits for IS ratings and Green Star
- Social needs assessment
- Innovative housing, retail & community service models
- Community health and wellbeing
- Post project assessment & evaluation
- Liveability surveys
- ISCA & Green Star Communities Innovation Credits
Max Van Biene
Head of Project Delivery and Principal Consultant