The National TOMs framework 2019 is a critical tool for businesses to measure their impact on the environment and society. This framework, which stands for “National Social Value Measurement” is an essential part of aligning businesses with the government’s strategy for social and environmental values. In this article, we will delve into the details of the National TOMs framework 2019, its significance for businesses, and why it is crucial for them to implement it for the betterment of UK society.

The National TOMs framework 2019 is a methodology that provides a standard way of measuring social value and impact, allowing businesses to demonstrate the significant positive effects they have on local communities, the environment, and the wider society. This framework has been designed to help businesses understand and communicate the value of their work, enabling them to make better decisions and report their impact accurately.

One of the main objectives of the National TOMs framework 2019 is to provide a consistent and transparent approach to measuring social value. By using a standard set of measures, businesses can easily compare and communicate their impact, ensuring that their efforts are contributing to the overall well-being of the UK society. This framework covers a wide range of areas, including employment and training, health and well-being, and environmental sustainability, providing a comprehensive overview of a business’s impact.

Businesses need to be aware of the National TOMs framework 2019 for several reasons. Firstly, it allows them to understand the full extent of their impact on the society and the environment. By measuring and reporting their social value, businesses can identify areas where they can improve and make a positive difference. This not only benefits the society but also enhances the reputation and brand image of the business, making them more attractive to consumers and investors.

Secondly, the implementation of the National TOMs framework 2019 enables businesses to align with the government’s social and environmental priorities. As the UK government continues to focus on sustainability and social responsibility, businesses that can demonstrate their positive impact through the National TOMs framework will be in a better position to secure contracts and funding. This framework provides a standardized way for businesses to showcase their commitment to social and environmental values, which is increasingly becoming a crucial factor in the decision-making process for government and public sector procurement.

Furthermore, the National TOMs framework 2019 helps businesses to measure their social value in a meaningful and transparent manner. By using a consistent methodology, businesses can effectively assess and communicate their impact, facilitating better decision-making and resource allocation. This can lead to more efficient use of resources and increased effectiveness in delivering social value, ultimately benefiting the UK society as a whole.

In addition to the benefits for businesses, the implementation of the National TOMs framework 2019 also has a positive impact on the wider society. By accurately measuring social value, businesses can direct their efforts towards areas that have the most significant impact, such as job creation, skills development, and environmental sustainability. This not only contributes to the overall well-being of local communities but also helps address pressing social and environmental challenges, such as inequality and climate change.

In conclusion, the National TOMs framework 2019 is a crucial tool for businesses to measure and communicate their social value and impact. By implementing this framework, businesses can align with the government’s social and environmental priorities, improve their reputation, and make a tangible difference to the UK society. As the importance of social and environmental responsibility continues to grow, businesses need to be aware of the National TOMs framework and its significance, ensuring that they contribute to the betterment of the UK society.