Exploring the Future of Social Procurement
Social Procurement generates a social value from existing purchasing
Social procurement occurs in many formats and models, but most commonly it is achieved through adding a social value component to purchasing and procurement criteria and including a community benefits agreement within major development and infrastructure investments.
Very often social procurement is accomplished through ensuring social enterprises are embedded into existing supply chains. Social enterprises are businesses that prioritize a social, environmental or cultural impact, and the majority of profits are reinvested in the social goals.
Social procurement does not negate the need for competitive pricing, quality of service and goods, and environmental issues; it merely adds another value lens into the purchasing consideration.
Social procurement is emerging as a tool for government, private sector, and non-profits to leverage their existing purchasing into an added value outcome. They are moving their purchasing from being a simple business transaction to being a means that contributes to building a healthy community.
With this increased ‘demand’ for goods and services that incorporate a social value, social enterprises are expanding and increasing their social impact. One key outcome we are experiencing across Canada is that many more people with barriers are being employed by social enterprises. This means we are intentionally directing our purchasing to address issues of poverty, homelessness, and social isolation.
The Buy Social Canada summit will bring together a collection of purchasers from government and business, as well as representatives of social enterprise suppliers to engage in a full day of discovering their common goals, identifying barriers, and seeking solutions that will contribute to the future of social procurement.
For more information on the Buy Social Canada Summit: