The economic foundation of proxy values
CrowMark prices social value with the Oxford Social Value Bank proxy values, which put a monetary figure on a social or economic outcome using cost-benefit analysis and wellbeing valuation. Every figure the product reports is that proxy value multiplied by the quantity you commit, so it is computed rather than estimated.
Key principles of measurement
- Additionality: Only benefits created directly as a consequence of the contract are counted. Business-as-usual activities must be excluded.
- Deadweight: Outcomes that would have occurred anyway are discounted from the proxy valuation.
- Attribution: Social value must be attributed strictly to the supplier's proportional contribution.
Choosing the right measures
Review the buyer's specification to identify whether they prioritise local economic regeneration or environmental decarbonisation, and tailor your commitments to their stated local strategic plan.
Map each commitment to the taxonomy the buyer's own notice names, and quote that notice's wording rather than a bare theme number. The measure library, the PPN 026 award criteria and the legacy PPN 06/20 themes order their priorities differently, so a number carried across from one framework misreads under another.