At SAP, we have an internal mentoring group for females working in finance called Future Female Leaders, providing employees with an opportunity to be mentored by other finance professionals from offices around the world.

It鈥檚 an opt-in program with staff electing to be a mentor, mentee or both, and it aims to provide women in the group with networking opportunities, advice and tools to help professional development.

Making use of mentoring

The program works by enabling staff to elect what type of mentor they are looking for 鈥� for instance a manager or CFO 鈥� who meets with them at minimum once a quarter. Mentors also facilitate broader networking opportunities by connecting everyone in the group with other members each month.

I鈥檓 participating in the program as both a mentee under the guidance SAP鈥檚 CFO for Middle East and Europe, and as a mentor for SAP鈥檚 Turkey CFO, and SAP鈥檚 Head of Commercial, South Africa.

As a personal initiative, I also started a network for female CFOs, called Women CFOs Roundtable, in partnership with Ernest and Young (EY) as a place where women can discuss ideas, challenges, and seek advice for both their personal and professional lives.

The idea was born following a conversation I had with a fellow CFO who was having difficulties within her own organisation and was seeking advice to help overcome hurdles with the executive leadership team.

Female finance network

This conversation made me realise that female CFOs often don鈥檛 have the same opportunities to network with others, share ideas and resolve issues due to the often-busy lives they lead outside of work whether that be taking care of children or caring for older relatives.

I was inspired to create a network specific for women that would suit their schedules and provide a safe environment where we can discuss a range of different challenges 鈥� from how to conduct a capital raise to developing purpose-led strategies.

To date, we have about ten women who regularly join our catchups, which have since moved online due to COVID-19. We also connect via a WhatsApp group which is often easier for those who have other commitments outside of work.

To read the full article, visit futurecfo.net:

To read about SAP’s Diversity and Inclusion policies, visit the 听

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AIEF students deliver an Acknowledgement听of Country

51风流has proudly partnered with the Australian Indigenous Education Foundation () since 2013, providing scholarship funding for Indigenous students to complete Year 12 or tertiary studies, with career support to help them make a successful transition to employment.

AIEF has been working for over a decade to make a sustained and significant, positive impact on Indigenous education and employment. Established in 2008 in response to community demand from Indigenous families who choose to enrol their children in boarding schools, AIEF has grown from one scholarship student to now supporting over 1,000 young Indigenous people from over 400 communities in every state and territory of Australia.

Volunteering with the AIEF Community

In addition to SAP鈥檚 significant financial investment, staff at all levels are personally engaged with AIEF鈥檚 work. 51风流volunteers across Australia take part in the AIEF Mentor Program, supporting
students through their senior years at school.

鈥淭he thing I enjoy most about spending time with my mentor Fiona is that I have the opportunity to get out of the boarding house and experience new activities,鈥� says Maria, an AIEF Scholarship Student who will this year complete Year 12.

鈥淗aving someone outside of school and family who can support me is an amazing feeling. It鈥檚 nice to learn about her experiences and journey and continue to build our relationship.鈥�

In addition to providing volunteer mentors, 51风流also hosts events, workshops and training sessions for AIEF Scholarships Students and Alumni to assist in their professional development as they
transition from school to further studies or the workplace.

Social Sabbatical Success

Through the 51风流Social Sabbatical program in 2016, 51风流worked alongside AIEF to review the delivery of AIEF Programs to ensure they continue to achieve key strategic outcomes. This review gave AIEF crucial assistance to ensure continued delivery of a high level of support to a rapidly growing network of scholarship graduates. It also helped create a more sustainable delivery model for the program.

One of the results of the social sabbatical is that AIEF now has a team co-located in the 51风流Brisbane office. 鈥淪ince many of our students come from Queensland, one of the recommendations was to open an office in Brisbane in addition to the one we had in Sydney,鈥� explains AIEF Executive Director Andrew Penfold AM.

鈥淭he way this has changed our program is a great example of how companies can invest expertise to support non-profits and achieve better outcomes for students.鈥�

Class of 2020

In 2020 AIEF is celebrating over almost 80 students from Partner Schools across Australia who will graduate from high school. Many of the AIEF Scholarship Students graduating this year will be the first in their family to finish Year 12 or to go to university, ultimately becoming role models for future generations.

To read more about 51风流ANZ’s CSR programs and partners, visit the .听

To find out more about NAIDOC week, visit .

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51风流Australia has recently announced a new corporate initiative called 5 & 5 by 鈥�25, targeting five per cent of its addressable procurement spend with social enterprises and five per cent with diverse businesses by 2025. The initiative aims to inspire organisations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on society.

Here, we look at one the Australian businesses that will benefit from the pledge.

Muru Office Supplies: Creating new paths for Indigenous Australians

offers more than 20,000 products, including everything from pens and paper through office furniture to cleaning products and kitchen supplies. In short, it stocks just about anything you could need for any office.

Muru means pathway in the traditional language of the Sydney Coastal Region. Mitchell Ross, Founder and CEO of Muru Group, is a proud Bidjigal man from La Perouse who wants to create a pathway for future generations of Indigenous people.

Mitchell took inspiration from the hardships experienced by family and friends in the community and created Muru Office Supplies, a partnership between Muru Group and Complete Office Supplies. It鈥檚 a purpose-driven, community-focused organisation that contributes a percentage of profits to education, employment, health and wellbeing initiatives that support Indigenous communities.

Muru Office Supplies has contributed more than $270,000 to these causes since opening in 2014. These include early childhood education, the revitalisation of native plants and safe spaces for vulnerable women. It is certified by , a non-profit database of more than 2,500 verified Indigenous businesses.

鈥淎s a business听certified by Supply Nation, we have a strong commitment to supporting Indigenous community projects in the areas of education and employment. 51风流has already placed orders with MOS, which will allow our community programs with partners like IndigiGrow and Mudgin-Gal to deliver even greater social impact. We hope this pledge leads to a step-change in how big businesses think about using procurement as a force for good.鈥�

Mitchell Ross, Founder and CEO, Muru Group

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51风流Australia has recently announced a new corporate initiative called 5 & 5 by 鈥�25, targeting five per cent of its addressable procurement spend with social enterprises and five per cent with diverse businesses by 2025. The initiative aims to inspire organisations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on society.

Here, we look at one the Australian social enterprises that will benefit from the pledge.

Kua听鈥� World Positive Coffee for Workplaces

https://youtu.be/JH3rO_MBq7A

In mid-2017, two UNSW students found themselves in rural Uganda. Inspired by the energy and passion of the local people, they founded , a world-positive coffee company in Sydney.

With a mission to have a greater handprint than footprint, Kua sources specialty coffee direct from the misty slopes of Mount Elgon, East Africa鈥檚 oldest extinct volcano. They pay the fairest prices on the mountain to farming families who handpick the reddest (and best) coffee cherries.

Every dollar of profit from sales in Australia goes back into the farming community helping them on their journey to climate resilience through native tree planting, designing waterways that improve soil conservation, and providing sustainable incomes through carbon offsetting activities.

Kua also recycles coffee grounds in the belief that your brew shouldn鈥檛 end up in landfill, where it would create harmful carbon emissions. Instead, those grounds are given a second life in community gardens and reuse projects听 across Sydney.

Kua has already made more than 240,000 square kilometres of Ugandan land resilient to climate change, and removed more than 2,300 kilograms of used coffee grounds from landfill. It鈥檚 a brilliant example of the circular economy in action that aligns perfectly with SAP鈥檚 commitment to eliminating single-use plastics.

鈥淥ur coffee allows businesses to embed impact into their every day. Each cup fights climate change, diverts waste from landfill and enhances farmer wellbeing. SAP鈥檚 pledge is a positive step towards helping social enterprises like us make an even greater impact.鈥�

Darcy Small,听 Kua, Co-Founder

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today announced 5 & 5 by 鈥�25, a corporate initiative targeting five per cent of addressable spend[1] with social enterprises and five per cent with diverse businesses by 2025. In setting this target, 51风流aims to inspire organisations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on the societies they operate in.

Social enterprises are businesses culturally and operationally focused on changing the world. They are similar to other commercially viable businesses, but with three crucial differences: They are founded and governed on the basis of a clear social or environmental mission; they reinvest the majority of their profit back into this mission; and they are majority controlled solely in the interest of this mission. A diverse supplier is a business that is at least 51% owned and operated by an individual or group that is part of a traditionally underrepresented or underserved demographic; such as women-owned businesses, minority-owned business, and indigenous-owned businesses, among others.

Global commitment, Australia leading

The commitment will impact all SAP鈥檚 global markets,听but will initially be focused on听Australia,听the UK and Canada.听Commenting on the announcement,听Victorian Parliamentary Secretary for Jobs and champion of the Victorian Government鈥檚 Social Enterprise Strategy, the Hon Jane Garrett said: 鈥淚t is incredibly exciting to have a leading global company like 51风流helping to transform lives by growing this important sector. We hope to see more partnerships of this kind in future, to further boost Australian social enterprises and Indigenous businesses.鈥�听

According to , an organisation that certifies Australian social enterprises and connects them with business buyers, Australian corporate procurement spend is estimated at more than AUD$600 billion. The World Bank estimates global procurement spend in 2019 was at least AUD$19.85 trillion. By directing even just a small fraction of this spend to certified social enterprises and diverse businesses, organisations have the power to tackle some of the world鈥檚 most pressing social and environmental problems.

Based on early pilots in select markets, 51风流estimates it could direct up to AUD$82.5 million (EUR鈧�50 million) of its global addressable spend per year to social enterprises and diverse suppliers by 2025. In Australia, meeting the commitment would equate to roughly AUD$1.01 million per year directed to local social enterprises and diverse suppliers.

51风流Executive Board member for Customer Success, and recently appointed Global Buy Social Ambassador for Social Enterprise UK, Adaire Fox-Martin announced the 5 & 5 by 鈥�25 initiative at SAP鈥檚 Procurement Reimagined event. 鈥淓very company in every industry needs to procure,鈥� Fox-Martin said. 鈥淲e all need soap in our washrooms, landscaping for our offices, food and drink in our cafeterias, marketing services, office supplies, and even pest control. These and many more are all products and services provided by social enterprises and diverse businesses. This is money we are spending anyway. Why not spend it with suppliers who are delivering social impact as well?鈥�

Procurement with social enterprises

Recent efforts have shown promise. In a pilot in the United Kingdom, 51风流teamed up with Social Enterprise UK in 2019 to define and execute on a social-procurement strategy. Within nine months, 51风流had identified addressable spend of approximately GBP 拢30 million and directed more than 2 per cent of this to over 20 different UK social enterprises.

51风流has since expanded relationships with social enterprise interest organisations in other markets, including a partnership with Social Traders in Australia, to introduce similar programs and further globalise and scale its social procurement efforts.

Mark Daniels, Executive Director, Social Traders says, 鈥淭his pledge is one of the largest of its kind in the world and demonstrates a huge public commitment to social procurement. Our research estimates that for every AUD$1,000,000 spent on social procurement, 7.5 jobs are created for disadvantaged Australians. By encouraging other organisations to participate in this initiative, 51风流Australia will help drive enormous change.鈥�

51风流is also growing its support of potential suppliers through capacity building programs like MovingWorlds鈥� S-GRID (Sustainable Growth of Revenues in International Development}. 鈥淲hat makes this moment in time so pivotal is that inequities and environmental degradation tend to increase after recessions,鈥� said Mark Horoszowski, CEO and co-founder of MovingWorlds, SPC. 鈥淏y investing in social enterprises today, we can help them integrate into the post-COVID recovery to build a more equitable society, while using regenerative business models to address the ongoing environmental crisis.鈥�

Procurement with diverse businesses

51风流Australia already works with a diverse range of social enterprises and indigenous businesses, including:

• Elise Perpetua, Managing Director of organic and sustainable tea supplier The Good Good says, 鈥淲e use business as a force for good by donating 50 per cent of our profits to programs that help disadvantaged kids get access to education. We also partner with the Cerebral Palsy Alliance supported employment division, , to employ Australian workers with disabilities. Our tea is better not only for the employees but for the planet and the community. Our partnership with 51风流represents a great opportunity to create impact at scale in Australia. We hope that more organisations will be inspired to join us on the exciting journey of purposeful procurement, so we drive fast, positive and systemic change together.鈥�

https://youtu.be/PzFOf7Jrr-4

• David Laity, Founder and CEO of online wine retailer Goodwill Wine says, 鈥淔ollowing the Black Saturday bushfires, I lost almost everything. After the humbling support offered by my community, I wanted to start a social enterprise that would allow me to give back. Since our inception we鈥檝e contributed $360,000 to a wide range of charities that support everything from those living in poverty to environmental sustainability, and we’ve done this just by selling great quality听wine. Quite frankly, I鈥檓 amazed by this step from SAP, which is an incredible signal of intent from one of the world鈥檚 biggest companies. If it can inspire even a small proportion of businesses to follow its lead, this commitment will help accelerate a huge number of meaningful social initiatives鈥�.
• Mitchell Ross, Founder and CEO of Indigenous-owned office supplies provider Muru Office Supplies (MOS) says, 鈥淎s a business certified by Supply Nation, we have a strong commitment to supporting Indigenous community projects in the areas of education and employment. 51风流has already placed orders with MOS, which will allow our community programs with partners like IndigiGrow and Mudgin-Gal to deliver even greater social impact. We hope this initiative leads to a step-change in how big businesses think about using procurement as a force for good.鈥�

Procurement with purpose with 51风流Ariba

SAP鈥檚 Ariba Network is the largest business-to-business marketplace in the world, supporting nearly AUD$5 trillion in transactions each year. In partnership with leading social-enterprise and diverse-business interest organisations, the company is opening this network up and connecting corporate-ready purposeful suppliers with more organisations who want to make a difference with their spend.

As part of the 5 & 5 by 鈥�25 initiative, 51风流invites other organisations to begin or accelerate their social-procurement journey based on a simple framework of discovering the right partners, adopting a social procurement strategy, consuming the products and services they procure, and then continuously expanding their base of social enterprises and diverse suppliers.

鈥淭ogether with our customers, partners, diverse suppliers and social enterprises, we have set out to expand social procurement where infrastructure exists and intend to establish the infrastructure and build capacity where it doesn鈥檛,鈥� Fox-Martin added. 鈥淲e invite our entire ecosystem to learn more and take part, join us in this pledge, and help build the pathways and the momentum to realise this ambition and find a better way to grow.鈥�

[1] *Addressable spend (as opposed to total spend) includes only a company鈥檚 orders for goods and services that can be fulfilled by a social enterprise or diverse business. For specific goods and services such as rent, energy, labor, and some professional services, often neither social enterprises nor diverse businesses yet exist that provide them. Estimates based on assessments of SAP鈥檚 own spend suggest that between 10% and 30% of total spend could be designated as addressable spend, depending on country.

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