To achieve a company’s CSR goal, it’s important to involve procurement to avoid supplier compliance issues.
A diverse & inclusive supply chain is a great and effective way to support the CSR agenda of a company.
Diverse suppliers are usually small or medium sized businesses which means additional workload for onboarding. Today though, there are many tools which can help companies to work with small suppliers without lengthy onboarding processes and administration efforts.
As a result, supplier diversity / inclusive sourcing programs and cost savings goals are no longer necessarily incompatible.
So when procurement is involved and has the authority, it can set standards that not only support a corporate’s overall CSR efforts, but also lead to a greener, more sustainable and healthier bottom line.