Social Value Policy

1. Introduction

At Verylocals LTD, we are committed to making a meaningful and positive impact on society and the communities in which we operate. We recognize our responsibility to contribute to social value and support initiatives that enhance the wellbeing of individuals and the broader community. This Social Value Policy outlines our commitment to delivering social value and our approach to achieving it.

2. Our Commitment to Social Value

We are committed to the following principles:

2.1. Local Community Engagement:

• We will actively engage with the local communities in which we operate to understand their needs and priorities.

2.2. Collaboration and Partnerships:

• We will seek opportunities to collaborate with local organizations, NGOs, and community groups to maximize our impact.

2.3. Employee Involvement:

• We will encourage and support our employees’ involvement in community projects and volunteering activities.

2.4. Sustainable Procurement:

• We will prioritize the procurement of goods and services from suppliers who share our commitment to social and environmental responsibility.

2.5. Ethical Business Practices:

• We will conduct our business with integrity and ethics, ensuring that our operations align with our commitment to social value.

3. Our Approach to Social Value

3.1. Community Engagement:

• We will actively engage with local communities through open dialogues, surveys, and consultations to understand their unique needs and concerns.

3.2. Partnerships:

• We will establish partnerships with local organizations and social enterprises to collaborate on initiatives that benefit the community.

3.3. Employee Volunteering:

• We will encourage and support our employees in volunteering their time and skills to support community projects and causes.

3.4. Procurement Practices:

• We will consider the social and environmental impact of our procurement decisions and give preference to suppliers who align with our values.

3.5. Ethical Conduct:

• We will uphold the highest ethical standards in all our business dealings, ensuring transparency and fairness.

4. Measuring and Reporting Progress

4.1. Impact Assessment:

• We will regularly assess the impact of our social value initiatives to measure progress and identify areas for improvement.

4.2. Reporting:

• We will transparently report on our social value activities and achievements, sharing this information with our stakeholders.

5. Compliance and Review

5.1. Compliance:

• We will comply with all applicable laws and regulations related to social responsibility and social value.

5.2. Continuous Improvement:

• We will continuously review and enhance our Social Value Policy to adapt to changing circumstances and emerging best practices.

6. Communication and Awareness

6.1. Employee Training:

• We will provide our employees with training and resources to increase their awareness of social value initiatives.

6.2. Stakeholder Engagement:

• We will engage with our stakeholders to communicate our commitment to social value and seek their input and feedback.

This Social Value Policy reflects our dedication to making a positive contribution to society and ensuring that social value remains an integral part of our business operations.