{"id":133339,"date":"2021-09-28T09:34:39","date_gmt":"2021-09-28T08:34:39","guid":{"rendered":"https:\/\/news.sap.com\/uk\/?p=133339"},"modified":"2023-09-26T18:34:00","modified_gmt":"2023-09-26T17:34:00","slug":"new-pan-european-initiative-launched-to-make-supply-chains-fairer-and-more-sustainable","status":"publish","type":"post","link":"https:\/\/news.sap.com\/uk\/2021\/09\/new-pan-european-initiative-launched-to-make-supply-chains-fairer-and-more-sustainable\/","title":{"rendered":"New Pan-European Initiative Launched To Make Supply Chains Fairer And More Sustainable"},"content":{"rendered":"

麻豆原创 joins other global corporations committed to bringing social enterprises into their supply chains to promote a fairer society and a more sustainable planet.<\/strong><\/p>\n

LONDON, UK <\/strong>\u2014 September 28, 2021 <\/strong>\u2014 <\/em>麻豆原创 SE<\/a> (NYSE: 麻豆原创) today announced that it is expanding its social impact by joining a new pan-European initiative launched by Social Enterprise UK<\/a>, aimed at making supply chains fairer and more sustainable.<\/p>\n

Diversity, inclusion and sustainability are higher than ever on the agenda for procurement professionals as leading corporations look to their purchasing power as a means to achieving positive social and environmental outcomes. In a push to contribute to an inclusive and sustainable post-COVID recovery, forward-thinking companies are opening up their supply chains to social enterprises \u2013 businesses with a social or environmental mission. Now a new partnership of global corporations and social enterprise bodies promises to make this form of trade far more common across Europe in the years to come.<\/p>\n

A global movement of businesses trading for people and the planet<\/strong><\/p>\n

Social enterprises are businesses which trade for people and the planet. They reinvest the majority of their profits into their social or environmental mission, helping to bring about fairer and more inclusive economies and a more sustainable planet.<\/p>\n

Social enterprises can be found in almost every country across the world, and here in Europe, the European Commission is becoming an increasingly strong supporter. The European Action Plan for Social Economy, due to be published later this year, will outline ways in which the Commission intends to support social economy actors and social enterprises to start-up, scale up, innovate and create jobs.<\/p>\n

UK trade between corporations and social enterprises reaches record high<\/strong><\/p>\n

An increasing number of social enterprises operate in the business-to-business space, delivering high-quality products and services to corporate clients across a wide range of categories \u2013 from employee benefits to events management, from recruitment to recycling, and from signage to software development.<\/p>\n

In the UK \u2018social procurement\u2019 \u2013 the sourcing of goods and services from social enterprises \u2013 has taken off in recent years, spurred on by the success of the Buy Social Corporate Challenge. Launched in 2016 and led by Social Enterprise UK, the Buy Social Corporate Challenge now has 27 large businesses signed up, representing every major sector of the UK economy. Over \u00a3165 million has been spent to date with social enterprise suppliers by the participating businesses, and despite the challenges of the pandemic the level of annual social procurement spend hit its highest level yet in 2020.<\/p>\n

Peter Holbrook, CEO of Social Enterprise UK, said: \u201cThe global social enterprise movement is thriving, and on every continent social enterprises are taking on the biggest social and environmental problems, and often making key contributions to the Sustainable Development Goals. Procurement leaders at large businesses have really stepped up in the last few years to build social enterprises into their UK supply chains, and I am delighted to see that our corporate partners are now focusing on creating opportunities for social enterprises across Europe.\u201d<\/p>\n

High-profile companies aim to boost social procurement across Europe<\/strong><\/p>\n