B4IG Newsletter – Inclusive Sourcing Special Issue
Today, B4IG published its Inclusive Sourcing Methodology!
B4IG is organising a launch event in partnership with the Sustainable Procurement Pledge, tomorrow on June 22nd from 4-5:30 pm CET.
About the Inclusive Sourcing Methodology
Inclusive Sourcing has become a topic of interest as procurement activities and spend represent a significant opportunity for companies to promote inclusive practices and maximize their “inclusion footprint”.
Yet, understanding and assessing the impact of suppliers’ operations and the challenges they experience is a complex task, especially for global businesses. How can companies help support and empower vulnerable workers within their supply chains? How can companies ensure inclusive practices are adopted in their supply chains and leverage these to build resilience? And how can companies build capacity for more sustainable and inclusive practices among their suppliers and contractors?
To answer these questions and help members as well as the wider business community improve their social footprint by embedding inclusion in their supply chains, B4IG brought together a group led by L’Oréal and encompassing BNP Paribas, Danone, Keurig Dr Pepper, Mars, Pret A Manger and Veolia to develop an Inclusive Sourcing Methodology. Building on L’Oréal’s expertise and their Solidarity Sourcing Program, the Methodology aims at equipping procurement teams with practical and operational tools to embed inclusive sourcing principles in their procurement practices.
Acting as a guide, the Methodology is divided into three development stages (Engage your team and leadership on a common vision / Build your Inclusive Sourcing roadmap / Ensure your company is engaging in a transformational journey), each of which is further broken down into tangible steps accompanied by links to useful tools, illustrations based on best practices, and practical tips to ensure effective implementation, including recommendations for effective human resources allocations.
In addition to the Methodology and its Appendix of examples, B4IG has developed a Self-Assessment Tool to help companies in evaluating their inclusive sourcing practices against a range of basic to advanced measures.
We hope that by encouraging knowledge transfer across the global business community, this guidance can support companies on their journey towards more inclusive supply chains!
To download the Methodology, the Appendix and the Self-Assessment Tool, click here.
Launch event
B4IG is organising a launch event in partnership with the Sustainable Procurement Pledge, tomorrow on June 22nd from 4-5:30 pm CET.
Agenda
Welcome and update on the progress of the SPP: Thomas Udesen (CPO of Bayer) and Bertrand Conqueret (CPO of Henkel).
How procurement can embed inclusivity into supply chains and generate decent work for disadvantaged populations. Launching the new B4IG Inclusive Sourcing Methodology for procurement and answering your questions:
Camille Putois, CEO of B4IG.
Audrey Izard, CPO - Indirect Sourcing of L’Oréal (lead of the B4IG Working Group on Inclusive Sourcing).
Meet your fellow Ambassadors & share ideas on the challenges – in break-out rooms
Registration
Click here to register for the event and receive a calendar invitation
If you have any questions or feedback to share, feel free to reach out to contact@b4ig.org.