Five Ways to Increase Supplier Diversity and Compliance
Supplier diversity has become a welcome priority for organisations in 2021, committed to a new and expansive definition of diversity that ensures their supply chains include goods and services from a diverse base of historically underrepresented minority, disabled, veteran, LGBTQ, and woman-owned businesses.
In a forthcoming webinar, Five Ways to Increase Supplier Diversity and Compliance, taking place Wednesday 7 April, 5pm GMT, Supply Chain Digital welcomes a panel of expert speakers to discuss these topics.
Bernadette Bulacan, Vice President, Evangelism at Icertis; Joel Gillespie, Program Manager, Supplier Diversity at Microsoft; Kareem Mohamednur, Director at PWC; and Jenn VandeZande, Editor in Chief at SAP will be joined by special guest Maya Sharma, the author of Paving: Conversations with Incredible Women Who are Shaping Our World, to discuss a variety of topics to help companies can best approach supplier diversity and compliance.
By joining this webinar, you will learn:
· How to clearly define your DEI supplier policies and tracking mechanisms
· Best practices for sourcing and onboarding diverse suppliers
· Methods to structure and manage contracts to support supplier-diversity initiatives
· Ways to utilize data and analytics to track and showcase supplier diversity success
· How to coach suppliers and partners to amplify and extend an organization’s diversity efforts
The first 150 registrants will get a copy of Maya Sharma's new book: Paving: Conversations with Incredible Women Who Are Shaping Our World
The webinar will be hosted by Laura V. Garcia, Editor of Procurement Magazine, who said: "Supplier diversity can build resiliency, foster innovation and make for a more competitive supplier landscape. In 2021 and beyond, it’s a critical competitive advantage, and something customers and employees are looking for when deciding where to buy and where to work."
Four CPG giants to fund sustainable accelerator programme
Breakthrough ideas can come from anywhere and anyone. That’s the premise behind the coming together of The Coca-Cola Company, Unilever and Colgate-Palmolive in the funding and support of world-leading brewer AB InBev’s 100+ Accelerator program.
These four consumer packaged goods multinationals will leverage both their size and resources to fast-track a shift toward sustainable solutions by mobilising some of the world’s sharpest thinkers to solve some of the world’s most pressing sustainability challenges.
The aim of this collaboration is to “supercharge adoption of sustainable solutions by funding the accelerating fantastic innovations that will change the world by making all of our businesses more sustainable”, says Tony Milkin, chief procurement, sustainability and circular ventures officer at AB InBev.
“Sustainable business is smart business, and we are working to solve huge problems that no one company can handle alone. With our combined global reach, we can accelerate progress towards a more sustainable future.”
What is the 100+ Accelerator program?
Originally launched in 2018, 100+ Accelerator is a global incubator program that aims to solve key supply chain challenges across water stewardship, circular economy, sustainable agriculture and climate action.
It offers size and scale to passionate entrepreneurs to help bring their solutions to market faster, and the program’s first two cohorts have already piloted 36 innovations in 16 countries, with participating startups raising more than US$200m to help them scale globally.
Among the established innovators are those already creating huge impact on sustainability, with projects including the first solar thermal plant in Africa, recycled electric vehicle batteries that store renewable electricity in China, and upcycling saved grains from the brewing process to produce nutritious foods in the US.
- The implementation of green cleaning solutions to reduce water and energy use in brewing operations in Colombia
- Solutions delivering traceability and insurance for smallholder farmers in Africa and South America
- The collection of more than 1,000 tons of glass waste in Brazil
- Piloting returnable packaging in the United States
- Recycled electric vehicle batteries that store renewable electricity in China
- The ability to upcycle saved grains from the brewing process to produce nutritious foods in the United States
- The first solar thermal system to be installed at an AB InBev plant
How will the new program work?
So, how does it work? Applications are invited from entrepreneurs or small businesses (deadline for cohort 3 is May 31 2021) and the partners will choose 20-25 ideas which are then provided with funding.
Project aligned with goals of the CPG multinationals
The participation by all three consumer packaged goods giants is in line with each of their own sustainability goals, with each passionate about transforming global supply chains towards a greener future, and knowledgeable that “we can achieve our purpose faster and more effectively with equally committed partners”, says Patricia Verduin, CTO of Colgate.
Since launching its World Without Waste sustainable packaging platform, Coca-Cola has actively engaged the startup community for inspiration and innovation and is an inaugural investor in Circulate Capital, a fund launched in 2019 focused on ventures, infrastructure and innovations preventing the flow of plastic into oceans.
The program’s social inequality component is also aligned with Unilever’s values. “This year, we made commitments to ensure that everyone who directly provides us with goods and services receives a living wage by 2030,” says Marc Engel, chief supply chain officer of Unilever. But that’s not all. “We’re increasing our spend with suppliers from underrepresented groups and committed to train 10 million young people.”