The Essential Role of Social Value in Construction

The integration of Environmental, Social, and Governance (ESG) values into the construction industry has gained significant importance in recent years. Companies within this sector are increasingly recognizing their roles and responsibilities in align with ESG principles. Recent regulations and guidelines on understanding, disclosing, and rating ESG commitments reflect the growing demand for sustainable assets among clients and investors. Social Value (SV), in particular, has garnered consider-able attention. This heightened focus extends to the built environment, emphasizing the need for the construction industry to support communities while conducting its daily operations. This article explores the concept of SV, examining its definition and key components. The study analyses how SV manifests in the construction sector and seeks to understand its impact on diverse stakeholders, including specialists, local communities, and society. The findings underscore the critical role of SV in fostering sustainable and inclusive growth within the construction industry, highlighting the necessity for the sector to comprehensively integrate these values into its operations.