Greenwashed Suppliers

Are your suppliers as sustainable as they claim? There are many papers and studies that show that diverse-owned businesses are more, or at least as sustainable, as non diverse-owned businesses. All the more reason to include more diverse-owned businesses in your supply chain. Women entrepreneurs are paving the way to a better future. Even though menContinue reading “Greenwashed Suppliers”

Supplier Diversity & Inclusion Highlights in 2023

Last week I talked about the 2022 Supplier Diversity & Incluison highlights and events. This time, I would like to share two Supplier Diversity / Inclusive Sourcing events – that I think should not be missed – in 2023. Date Event Organization Location Week of June 12 – TBC WEConnect International Europe Conference WEConnect InternationalContinue reading “Supplier Diversity & Inclusion Highlights in 2023”

Are you ready for the EU Corporate Sustainability Reporting Directive (CSRD)?

In just over a year, on January 1, 2024, the CSRD will come into force. Companies already in scope of the Non-Financial Reporting Directive (NFRD) will need to report in 2025 based on FY 2024 information – so get ready now. The CSRD proposal applies double materiality. Double materiality means that businesses must not onlyContinue reading “Are you ready for the EU Corporate Sustainability Reporting Directive (CSRD)?”

Do Your Suppliers Represent Your Customers?

A question not only for business-to-customers (B2C) companies. About 15% of the population in the EU have a disability, 54% are women, 10% of the population in the EU are from a non-white ethnic minority, and 7.1% of the population identify as LGBTIQ+ (US figure). Amazon’s “2022 State of Business Procurement Report” found that 84%Continue reading “Do Your Suppliers Represent Your Customers?”

New Swiss Fund for Women-Led Tech Startups

Switzerland-based venture capital fund Privilege Ventures has just launched its fourth fund. The Equity Fonds Privilège provides 20 million Swiss Francs (ca 21 Mio USD) to support tech startups in the digital economy, deeptech and medtech sectors. The focus is on startups that are co-founded and managed by women. The investment thesis is based onContinue reading “New Swiss Fund for Women-Led Tech Startups”

Benefits on Supplier Diversity & Inclusion – Blog Post from Lhotse

Lhotse recently published a blog post in which Andrea Fimian, CEO / Founder of fips consulting shared some of her insights on Supplier Diversity & Inclusion. Innovate your supply chain and increase resilience through supplier diversity Lhotse is a procurement software company supercharging procurement workflows. They are focussing on the usually invisible and accordingly notContinue reading “Benefits on Supplier Diversity & Inclusion – Blog Post from Lhotse”

The 15% Pledge & More Great Actions for Inclusive Sourcing

Do you know about the 15% pledge? The Fifteen Percent Pledge is a call to action for major retailers and corporations in the US to create sustainable and supportive ecosystems for Black-owned businesses to succeed. Black people make up 15% of the US population. The 15% pledge asked businesses to dedicate 15% of their shelfContinue reading “The 15% Pledge & More Great Actions for Inclusive Sourcing”

Diversifying Your Supply Chain Is Not Just An Option For ESG Management – It’s Part Of It

Procurement is playing a more strategic role in achieving environmental, social and governance (ESG) goals, facilitating transparency and communication between buyers and suppliers and enabling agility during disruptive times. Given that 60-90% of a company’s ESG footprint lies with its suppliers and nearly 90% of greenhouse-gas emissions come from a company’s supply chain, it’s simple:Continue reading “Diversifying Your Supply Chain Is Not Just An Option For ESG Management – It’s Part Of It”

2 Great Examples Of Empowering Diverse-Owned Businesses

Amazon & UPS recently announced plans to invest millions to support local minority-owned businesses with access to capital, resources and training. Inc. will invest $150 million in venture capital firms, accelerators, incubators and venture studios that provide funding to entrepreneurs from underrepresented backgrounds. The investment will be made as part of an initiative calledContinue reading “2 Great Examples Of Empowering Diverse-Owned Businesses”

Minority Businesses Matter Europe Report

The Minority Businesses Matter Europe Report, the most comprehensive study ever done on the effects of minority-owned companies in Europe, was published a couple of weeks ago. Minority-owned businesses, of which there at least 800,000, are making a significant contribution to the innovation economy in both the U.K. and the European mainland. These businesses contributeContinue reading “Minority Businesses Matter Europe Report”