International real estate advisor Savills has delivered Places for London’s inaugural ‘Our Contribution’ report, marking a major step forward in integrated impact reporting across the organisation’s portfolio.
Developed by Savills Earth, the report brings together Places for London’s environmental, social and economic contributions in a single, coherent framework. It adopts a pioneering approach that blends welfare economics, industry standard metrics and qualitative insights, providing a more complete view of the value generated for Transport for London and for the capital.
The report also embeds new analytics and tools directly into Places for London’s core reporting and decision making processes, enabling impact led insights to shape investment cases, business planning and communications. This represents not just the creation of a report, but a shift towards a more purpose driven way of operating.
The findings show that Places for London delivered an estimated £440 million in transport benefits, housing impact and wider economic, environmental and social value last year. Underpinned by its Strategic Impact Framework, the organisation continues to demonstrate that strong commercial performance and meaningful social value go hand in hand.
Gordon Rodgers, Head of ESG and Sustainability, Strategy and Planning at Places for London, adds, “The Strategic Impact Framework (SIF) is central to our sustainability and inclusivity strategy. Our enriched understanding is turning the dial in how Places for London recognises, protects and grows the substantial value it manages and creates for TfL and for London. By embedding this throughout our decision making, this new insight is helping improve the management of risk and resilience to demonstrate and ensure that goals for commercial returns and meaningful public value are not competing objectives, but mutually reinforcing ones.”
Tom Hill, Director, Impact Assessment at Savills, says, “We are proud to have delivered this project with Places for London. By embedding impact analytics into core reporting, investment decisions and strategic planning, this work goes far beyond a traditional report. It provides a new, insight led way of operating that will help move the dial for Places for London and support more informed, purposeful decisions for the future.”