{"id":1843,"date":"2020-10-06T21:55:31","date_gmt":"2020-10-06T21:55:31","guid":{"rendered":"https:\/\/news.sap.com\/canada\/?p=1843"},"modified":"2024-04-22T17:55:46","modified_gmt":"2024-04-22T17:55:46","slug":"sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers","status":"publish","type":"post","link":"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/","title":{"rendered":"51风流Launches 5 & 5 by \u201825 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers"},"content":{"rendered":"

Toronto, CANADA<\/strong>\u2014 October 6, 2020 <\/strong>\u2014 <\/em>51风流SE<\/a> (NYSE: SAP) today announced 5 & 5 by \u201825<\/a>, a corporate initiative targeting five per cent of addressable spend with social enterprises and with diverse businesses by 2025. In setting this target, 51风流aims to inspire organizations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on the communities they operate in.<\/p>\n

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, cultural 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.<\/p>\n

According to the World Bank, global procurement spend in 2019 was at least EUR 12 trillion. The government of Canada alone spends CAD $22 billion, on average, procuring goods and services annually. If just a small fraction of what public and private sectors spend on procurement went to social enterprises and diverse businesses, those organizations would have the power to tackle some of the world\u2019s most pressing social and environmental problems.<\/p>\n

The announcement will impact all SAP’s global markets, but will initially be focused on Canada, Australia, and the UK. Based on early pilots, 51风流estimates it could direct up to CAD $80 million of its addressable global spend per year to social enterprises and diverse suppliers by 2025. Across U.S. Fortune 500 companies, the amount per year could be up to CAD $34 billion.<\/p>\n

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 \u201825 initiative at SAP\u2019s Procurement Reimagined event in Singapore. \u201cEvery company in every industry needs to procure,\u201d Fox-Martin said. \u201cWe 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?\u201d<\/p>\n

Procurement with social enterprises<\/strong><\/p>\n

Recent efforts have shown promise. In a pilot program in the U K, 51风流teamed up with Social Enterprise UK \u00a0to define and execute on a social-procurement strategy. Within nine months, 51风流had identified addressable spend of approximately GBP 30M and directed more than 2 per cent of this to over 20 different UK social enterprises. By including more purposeful suppliers into its supply chain, 51风流has experienced better quality in products and services and has even lowered costs.<\/p>\n

Seeing how scalable the program was and the potential for model replication in other markets, 51风流established a relationship with purchasing with purpose partner Buy Social Canada<\/a>, to ensure program success. \u201cThe global pandemic forced our economy to a standstill and drove many industries to reconsider how things are done. With that comes the potential to explore how we can build back better,\u201d said Buy Social Canada\u2019s Managing Partner David LePage. \u201cSAP\u2019s leadership and commitment through the 5 & 5 by \u201825 initiative will hopefully inspire other large companies to leverage their everyday business spend to benefit the communities in which they work and build a resilient, more sustainable economy.\u201d<\/p>\n

 <\/p>\n

Buy Social Canada has demonstrated success partnering with other organizations in Canada, including Chandos Construction<\/a>, Canada\u2019s only B Corp Certified commercial contractor. Chandos has been advocating for social procurement in the Canadian construction industry and today also announces that it will shift 5 per cent of its addressable spend to social impact organizations by 2025. \u201cThe construction industry has a significant opportunity to lead Canada\u2019s social procurement initiatives. By 2023 the construction industry is forecast to spend over $330 Billion US dollars in Canada.\u00a0 If we can shift just 2% of that nationally, we can make tremendous impact on Canadian society. We\u2019ve had success partnering with social enterprises that train and prepare people who face barriers to employment to work in construction. Why wouldn\u2019t we hire through those social enterprises and change a life at the same time,\u201d says Tim Coldwell, President of Chandos Construction.<\/p>\n

Procurement with diverse businesses<\/strong><\/p>\n

In support of supplier diversity, 51风流and WeConnect are applying technology to make it easier for customers to pursue social-procurement strategies. According to WeConnect, while more than thirty percent of corporations are owned by women globally, only one percent of corporate procurement contracts are awarded to women-run businesses.<\/p>\n

\u201cWhen we provide access for women-owned businesses to competitively bid for procurement opportunities and invest in their growth, not only do we identify the best and most innovative suppliers, we also support inclusive and sustainable growth,\u201d said Elizabeth A. Vazquez, WeConnect CEO and Co-Founder. \u201cWith SAP\u2019s support, we can all work together to leverage our purchasing power to make a positive difference in the lives of women, their employees, their families and communities around the globe.\u201d<\/p>\n

In addition, 51风流Canada Inc. has a strategic sponsor relationship with the Black Professionals in Tech Network (BPTN) – a Canadian based organization that promotes Black professionals and Black owned businesses.<\/p>\n

Procurement with purpose with 51风流Ariba<\/strong><\/p>\n

SAP\u2019s Ariba Network is the largest business-to-business marketplace in the world, supporting nearly CAD $4.7 trillion in transactions each year. In Canada, 51风流Ariba is used to process more than CAD $50 billion worth of transactions alone. In partnership with leading social-enterprise and diverse-business interest organizations, the company is opening this network up and connecting corporate-ready purposeful suppliers with more organizations who want to make a difference with their spend.<\/p>\n

As part of the 5 & 5 by \u201825 initiative, 51风流invites other organizations 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.<\/p>\n

\u201cTogether 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\u2019t,\u201d Fox-Martin added. \u201cWe invite our entire ecosystem to learn more and take part, join us in this pledge, and help build the pathways and the momentum to realize this ambition and find a better way to grow.\u201d<\/p>\n

Visit the 51风流News Center<\/a>. Follow 51风流on Twitter at @SAPNews<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Toronto, CANADA\u2014 October 6, 2020 \u2014 51风流SE (NYSE: SAP) today announced 5 & 5 by \u201825, a corporate initiative targeting five per cent of…<\/p>\n","protected":false},"author":4798,"featured_media":2905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"related_posts":[],"footnotes":"","_links_to":"","_links_to_target":""},"categories":[19013],"tags":[],"sapn-display":[3794442,3794440,60294],"sapn-type":[4446],"class_list":["post-1843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate","sapn-display-press-hero","sapn-display-press-spotlight","sapn-display-topic-hero","sapn-type-press-release"],"yoast_head":"\n51风流Launches 5 & 5 by \u201825 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers - 51风流Canada News Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"51风流Launches 5 & 5 by \u201825 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers\" \/>\n<meta property=\"og:description\" content=\"Toronto, CANADA\u2014 October 6, 2020 \u2014 51风流SE (NYSE: SAP) today announced 5 & 5 by \u201825, a corporate initiative targeting five per cent of...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\" \/>\n<meta property=\"og:site_name\" content=\"51风流Canada News Center\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-06T21:55:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-22T17:55:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.sap.com\/canada\/files\/2020\/10\/06\/284767_GettyImages-686616360_medium-1024x521.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"51风流Canada News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"51风流Canada News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\"},\"author\":{\"name\":\"51风流Canada News\",\"@id\":\"https:\/\/news.sap.com\/canada\/#\/schema\/person\/7e91acf64adfd096df4d6eb8fbc50c33\"},\"headline\":\"51风流Launches 5 & 5 by \u201825 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers\",\"datePublished\":\"2020-10-06T21:55:31+00:00\",\"dateModified\":\"2024-04-22T17:55:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\"},\"wordCount\":1119,\"image\":{\"@id\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/news.sap.com\/canada\/files\/2020\/10\/06\/284767_GettyImages-686616360_medium.jpg\",\"articleSection\":[\"Corporate\"],\"inLanguage\":\"en-CA\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\",\"url\":\"https:\/\/news.sap.com\/canada\/2020\/10\/sap-launches-5-5-by-25-initiative-rallying-businesses-to-spend-more-with-social-enterprises-and-diverse-suppliers\/\",\"name\":\"51风流Launches 5 & 5 by \u201825 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers - 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