There is increasing expectation on business to deliver social value which is the new measure of success alongside profit.

Supplier diversity has emerged as a powerful lever for creating business value and delivering social performance at scale. Yet many organisations still struggle to understand what supplier diversity means - and why it is a strategic imperative for businesses of all sizes.

Partnering with diverse suppliers provide a critical link, allowing companies to extend their influence, generate measurable social return, and build credibility with customers, employees, investors and regulators alike.

Companies purchasing from diverse suppliers can drive real change, from creating jobs for women escaping domestic violence, people with disabilities or helping create generational wealth for Indigenous communities.

In this white paper we break things down:

• Understand the true meaning of supplier diversity
• Discover the benefits of engaging with diverse suppliers
• Get insights into the social value created and the power procurement has in driving change

It's time organisations rethink the way business is done and how working with diverse suppliers can scale social value faster.