On September 27, 2022, C-Suite/Senior Leadership peers gathered for a roundtable discussion on ESG and emerging best practices, relative to global inclusive sourcing efforts and impact. The virtual event was hosted by Accenture, Adient, Cargill, Johnson & Johnson, Kellogg Company, Moody’s, Pfizer, Procter & Gamble, Sodexo, and WEConnect International.
This brief video provides a high level overview of global Supplier Diversity & Inclusion and the business case, how corporations and governments can benefit economically with inclusive sourcing efforts.
This report demonstrates why corporations such as Accenture, EY, IBM, Intel, Procter & Gamble, Walmart and others are investing time and resources to build global inclusive sourcing strategies. The report, entitled “The Business Case for Global Supplier Diversity and Inclusion: The Critical Contributions of Women and Other Underutilized Suppliers to Corporate Value Chains,” highlights many of the good practices corporations are implementing to achieve successful outcomes, what metrics are available to assess impact and what sustainable business benefits members are deriving from their access to the world’s best solutions.
This virtual panel discussion includes experienced subject matter experts from Citi Group, Intel and Procter & Gamble, who shared how their corporations leverage their support for gender inclusive sourcing in support of the United Nations Sustainable Development Goals. The webinar is an insightful discussion for corporations on these best practices and how to enhance their internal business case for gender-inclusive sourcing.
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One of the key obstacles for gender-inclusive sourcing is bias, both conscious and unconscious. Hear from women-owned businesses from around the globe as to the challenges of bias that they often face, and from three leading multinational corporations as to how to address and work to mitigate bias in value chains. Once the bias is identified and acknowledged, actions can be taken to address it, including the consideration of capable women-owned businesses for procurement opportunities.
This 90-minute event was facilitated by Reginald Williams, CEO of Procurement Resources, with guest presenters Peter Zerp, Accenture Global Leader for Supplier Diversity, and Janice Howroyd, AgileOne Group Chairperson. WEConnect International Vice President of Member Development Michael Tobolski, and Brittany Gonzalez, WEConnect International Supplier Inclusion Manager. The interactive discussion with these thought leaders focuses on bias in supply chains relative to supplier diversity and inclusion and provided solutions for removing obstacles for women and other diverse-owned businesses.
WEConnect International has developed a Global Supplier Diversity & Inclusion Checklist to help multinational corporations and multilateral organizations assess their global supplier diversity and inclusion programs and identify potential areas for improvement. The checklist includes policy assessment, planning, processes and standards; measurement, tracking, reporting and accountability. Each item on the checklist is scored. The goal of any multinational corporation or multilateral organization dedicated to supplier diversity and inclusion is to reach 100 points.
A diverse supply chain means a sustainable supply chain. The Supplier Diversity and Inclusion Code of Conduct has been developed by the Royal Bank of Scotland and endorsed by WEConnect International. The Code is guided by the principles of inclusion, development, compliance and continuous improvement.
See the business case for supplier diversity with a clear, evidence-based presentation from the Hackett Group.
A new report by the Council on Scaling Women-Owned Businesses has found breaking down barriers to new markets and capital is essential for women-owned businesses to survive and thrive.
It is with great excitement that WEConnect International, along with our valued partners, launch the State of Canadian Supplier Diversity Report. As the first of its kind in Canada, this report offers much needed insights into the local supplier diversity & inclusion ecosystem. In addition to demonstrating the growth and importance of supplier diversity & inclusion, the report points to areas where we can all collaborate more in Canada in support of measurable impact at scale. Namely that 57% of corporations have yet to establish a formal supplier diversity & inclusion program in Canada and only half of the respondents stated that customer requirements are a primary driver for engagement. An increase in both of those stats would result in an immediate impact—unlock all the benefits of a more inclusive Canadian marketplace, with countless ripple effects in the communities where we work and live. WEConnect International was incorporated as a global non-profit in 2009 by many of the corporations that participated in the supplier.io survey and our launch in Canada was made possible thanks to funding from the Government of Canada. These public private partnerships with civil society organizations are critical for building inclusive business environments that foster entrepreneurship, job creation, international trade and local economic development. We are grateful for the opportunity to serve our member buyers representing over $1 trillion in annual purchasing power and growth-oriented women-owned businesses based in over 135 countries, including Canada. We are also grateful for the leadership of supplier.io for bringing together organizations that work diligently to support Canadian corporations and their supplier diversity & inclusion objectives. It is through these types of collaborations that we make significant steps forward in our shared vision of more inclusive global value chains and stronger economies for all. We thank the supplier diversity & inclusion leaders who participated in this effort and provided key information which will serve as an important benchmark going forward. I’m confident that business owners, corporations and governments will find this report insightful and helpful as a tool for inspiring action!
This virtual panel discusses best practices to begin and develop sustainable SD&I efforts in Asia Pacific. The session was designed for representatives from corporations and buying organizations who are interested in finding out more about inclusive sourcing efforts in Asia Pacific.
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This virtual panel discusses best practices to begin and develop sustainable SD&I efforts in Europe. The session is designed for representatives from corporations and buying organizations who are interested in finding out more about supplier diversity and inclusion efforts in Europe.
Hear from experienced subject matter experts on the challenges and opportunities in developing sustainable supplier diversity efforts in Latin America.
This virtual panel discusses why supplier diversity & inclusion is good for business and best practices to begin and develop sustainable SD&I efforts in MENA. The session is designed for representatives from corporations and buying organizations who are interested in finding out more about supplier diversity and inclusion efforts in the region.
The Global Tier 2 Toolkit was developed to assist corporate members with growing Tier 2 efforts beyond US borders, providing guidelines and best practices shared from successful corporate global initiatives. As procurement and tracking efforts vary by company, this is not meant to be an exhaustive list, but provides key information and strategic guidance.
This virtual panel discussion incudes experienced subject matter experts from Ford, IBM, Intel, Merck and Procter & Gamble, who share best practices and key SD&I implementation steps. See how these experts have developed and implemented strategies to engage prime suppliers within the corporate value chains with Global Supplier Diversity & Inclusion efforts and how they grew Tier 2 efforts beyond the U.S. borders.
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Vice President of Member Developmentmtobolkski@weconnectinternational.org