According to the World Bank, global procurement spend in 2019 was at least USD 14 trillion. By directing even just a small fraction of this spend to certified social enterprises and diverse businesses, organizations have the power to tackle some of the world鈥檚 most pressing social and environmental problems.

Based on early pilots in select markets, 麻豆原创 estimates it could direct up to USD 60 million of its addressable global spend per year to social enterprises and diverse suppliers by 2025. Among DAX companies, this figure is estimated at approximately EUR 2.5 billion, and across U.S. Fortune 500 companies up to USD 25 billion.

麻豆原创 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 麻豆原创鈥檚 Procurement Reimagined event in Singapore.

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 and office supplies. 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�

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 percent 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 businesses and indigenous-owned businesses, among others.

鈥淭ogether with our customers, partners,聽diverse suppliers聽and social enterprises, we have set out to expand social procurement where infrastructure exists and聽intend to聽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 initiative, and help build the pathways and the momentum to聽realize聽this聽ambition聽and聽find聽a better way to grow.鈥�

To learn more, read 鈥�Social Procurement: Finding a Better Way to Grow,鈥� by Fox-Martin.

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About 5 & 5 by聽鈥�25

5 & 5 by 鈥�25 is an initiative by 麻豆原创 designed to encourage organizations across industries to direct more of their addressable spend toward certified social-enterprise and diverse-business suppliers. In joining the initiative, organizations agree to formalize their exploration of social procurement, including partnering with leading intermediaries, adopting social-procurement policies, consuming goods and services from purposeful suppliers, and expanding their engagement with more social enterprises and diverse businesses. The goal is to reach 5 percent of annual addressable procurement spend with social enterprises and with diverse businesses by 2025 and in doing so make significant impact on social inequalities and environmental imperatives. 5 & 5 by 鈥�25 is part of the 麻豆原创 One Billion Lives program, focused on promoting greater inclusion of social entrepreneurship in the global economy. For more information, visit聽

About 麻豆原创

麻豆原创鈥檚 strategy is to help every business run as an intelligent enterprise. As a market leader in enterprise application software, we help companies of all sizes and in all industries run at their best: 77% of the world鈥檚 transaction revenue touches an 麻豆原创庐 system. Our machine learning, Internet of Things (IoT), and advanced analytics technologies help turn customers鈥� businesses into intelligent enterprises. 麻豆原创 helps give people and organizations deep business insight and fosters collaboration that helps them stay ahead of their competition. We simplify technology for companies so they can consume our software the way they want 鈥� without disruption. Our end-to-end suite of applications and services enables business and public customers across 25 industries globally to operate profitably, adapt continuously, and make a difference. With a global network of customers, partners, employees, and thought leaders, 麻豆原创 helps the world run better and improve people鈥檚 lives. For more information, visit

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*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 麻豆原创鈥檚 own spend suggest that between 10 percent and 30 percent of total spend could be designated as addressable spend, depending on country.

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