Social Procurement Policy
The Social Procurement Policy is a 7 page document with instructions. The document provides Social Procurement Policy Guidelines, includes 17 Sustainable Development Goals and information on what Social Procurement Policy is. The document also has a revision record and a list of Social Procurement Policy and commitments your company is making.
A Social Procurement Policy outlines your organisation’s commitment to leveraging your buying power to generate social value. Procurement spend can be utilised to create employment and training opportunities for minority groups. Depending on your industry, country or region of operation, there may be government-mandated requirements for engaging local businesses and workforce.
This policy sets out general principles for Social Procurement Policy only. An effective Social Procurement Policy can stimulate greater opportunities for diverse employment, improve life chances and delivery of social benefits. Social Procurement Policy leads to greater efficiencies and more effective linkages between economic and social policies and outcomes. Social Procurement Policy can also result in a number of socio-economic benefits (improved economic activity, upskilling the local workforce and creating diversity.
Promitheia recommends making this Policy available to all employees, as well as featuring it prominently on your company website (if applicable). If you would like to know more about how to implement Social Procurement Policy and strategies, you can contact Promitheia directly to arrange a one-on-one virtual meeting.
Promitheia recommends reviewing and updating this policy annually to ensure it remains up to date. Depending on your industry, your organisation may also wish to consider implementing a Social Procurement Strategy to specifically address how you will meet Social Procurement Policy commitments.