Social Procurement
Makes a Difference
Should ‘S’ barely be numbers?
ESG, which stands for Environmental, Social and Corporate Governance, forms the main pillars of the framework of modern corporate sustainable policy. Internal corporate governance is formulated atop the two other problematic areas. Generally, the assessment of ESG implementation is supported by international standards of practices and regulations such as the United Nations (UN).
“While experts are getting to grips with the ‘E’ in ESG, the ‘S’ remains the most difficult pillar to analyse and incorporate into investment analysis – a key part of the data challenge...”
~ extracted from the Global ESG Survey 2019 of the BNP Paribas
The social pillar becomes the most challenging area. Internal human policies must be adapted habitually, while community engagement is not easy without in-depth exploration. Among all actions, Social Procurement and Supplier Diversity are much more unutilised than unattainable. The social pillar in ESG policies is depicted no longer by numbers.
Why social procurement?
Social Procurement is when a company uses its purchasing power to attain social goals or to generate social-value above and beyond the value of the goods, services or construction being procured.
By sourcing from social benefit suppliers, the company can subsequently attain some basic goals of the Social pillar in ESG implementations:
Solidify the implementation of Diversity, Equity & Inclusion in line with, or even escalating, internal policy;
Promote diversity in the supply chain;
Secure sustainable supplies when procured from local sources;
Support social enterprises;
Support social innovative businesses that incorporate underprivileged or socially-disconnected people;
Create additional social-value for businesses; and
Build trust with customers and other stakeholders.
Learn the extensive interpretation of Social Procurement.
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Intermediate
SEE Mark
We are an award-winning social enterprise engaging designers with disabilities
Hearing
Impaired
Physical
Impaired
Autism
Spectrum
Chronic
Illness
Our Vision
Conform a true inclusion – socially, culturally & commercially.
Our Mission
Map out career paths for designers with disabilities; not just create entry points.
And we strive for our double bottom line
Social aim
Nurture PoDs’ (covert) visual strengths and aesthetics, helping them to be prepared for the workforce.
Corporate finance
Sustainable development is the primary policy. Our profit distribution is about the profit-sharing model of social enterprises in the UK (CIC).
How do we embrace social values?
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Diverse Design Services
Our Department No.10 offers multi-discipline design services that fit into various necessities of different kinds of corporations. Check into our selected services, or contact us for further details.
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Eclectic Credentials
All deliverables are co-created by members of our inclusive team as well as our senior creative fellow. Our credentials are one of a kind and show the quality of inclusiveness.
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Diversity, Equity & Inclusion
Our inclusive Department No.10 is largely formed by members with different skill sets as well as belonging to a variety of disability groups. See our metrics through the button below.
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Uncommon Initiatives
Referring to CIC’s profit sharing model, we will re-invest 35% of our net profits into social innovation that benefits creatives with disabilities. Click below to see our past initiatives.
Find out how creative social procurement can be.
or
call us at (852) 6557 3346
“Creating and managing a diverse workforce is a process, not a destination.”
– R. Roosevelt Thomas