Value chains as a force for good? How companies like IKEA and SAP aim to scale impact through social procurement.

This fragile state of the globalized economy makes it painfully obvious that our value chains may need a revision. A Capgemini Supply Chain Survey amongst 1,000 companies has revealed that two thirds of all organizations will rethink their supply chain strategy post-COVID. What if we actually created positive impact through procurement? What if companies had the chance to work with impact-first organizations – social businesses – to use their procurement spend in order to scale social and environmental impact? Inspiring civic sector organizations have engaged in “social procurement” – the practice of companies buying products or services from social businesses. Companies such as SAP, Zurich, IKEA, Unilever or EY have created social procurement practices and concrete commitments. Our latest research and that of our peer organization Acumen highlights pathways to social procurement
This fragile state of the globalized economy makes it painfully obvious that our value chains may need a revision. A Capgemini Supply Chain Survey amongst 1,000 companies has revealed that two thirds of all organizations will rethink their supply chain strategy post-COVID. What if we actually created positive impact through procurement? What if companies had the chance to work with impact-first organizations – social businesses – to use their procurement spend in order to scale social and environmental impact? Inspiring civic sector organizations have engaged in “social procurement” – the practice of companies buying products or services from social businesses. Companies such as SAP, Zurich, IKEA, Unilever or EY have created social procurement practices and concrete commitments. Our latest research and that of our peer organization Acumen highlights pathways to social procurement


Links:
Full Social Procurement Report: https://corporateyunus.com/social-procurement
Corporate-Ready Social Enterprises (Acumen): https://acumen.org/corporate-ready
Database of 100 corporate-ready social enterprises: https://widgets.weforum.org/100-corporate-ready-social-enterprises/index.html

Ikea Social Entrepreneurship: https://www.ikeasocialentrepreneurship.org
SAP 5x5 by 2025 Pledge: https://news.sap.com/2020/10/social-procurement-better-way-grow
World Economic Forum COVID Alliance for Social Entrepreneurs: https://www.weforum.org/covid-alliance-for-social-entrepreneurs
Unusual Pioneers by Yunus Social Business