What's Happening?
Made in Britain, a trade organization supporting British-made products, has introduced a new Environmental & Social Value (ESV) Certification. This certification aims to help UK manufacturers, particularly SMEs, demonstrate their commitment to economic growth, environmental responsibility, and social impact. The ESV Certification aligns with the UK Government's Social Value Model and the Procurement Act 2023, offering a competitive advantage to businesses by highlighting their positive contributions. The certification is designed to be a practical tool for companies to showcase their social value without incurring additional costs.
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Why It's Important?
The introduction of the ESV Certification is a significant development for UK manufacturers, as it provides a means to differentiate themselves in a competitive market. By highlighting their social and environmental contributions, businesses can enhance their reputation and increase their chances of winning new contracts. This initiative supports the broader goal of promoting sustainable business practices and strengthening the UK's manufacturing sector. It also aligns with government efforts to prioritize social value in procurement decisions, potentially leading to increased opportunities for certified companies.
What's Next?
UK manufacturers are expected to adopt the ESV Certification to enhance their market position and demonstrate their commitment to sustainability. The certification could lead to increased collaboration between businesses and government entities, as both seek to promote social value in procurement. As more companies become certified, the initiative may drive broader industry changes, encouraging more sustainable and socially responsible business practices across the sector.
