BERLIN (GERMANY) – As much as 5 per cent of SAP’s procurement spending will be allocated to social enterprises and diverse businesses by 2025 in a bid to boost greater social and environmental responsibility.
The German software company, which has 440,000 clients, urged other firms on Tuesday to support small businesses which are owned or run by women or people belonging to minority communities.
This initiative follows a June launch of a product to help companies keep track of green house gas emissions in supply chains.
SAP’s new endeavour is part of its addressable spend which is given to social or diverse enterprises. For the software giant, it equates to $60 million a year.
“We all need soap in our washrooms, landscaping for our offices, food and drink in our cafeterias, marketing services and office supplies. These and many more are all products and services provided by social enterprises and diverse businesses,” SAP board member Adaire Fox-Martin said.
“This is money we are spending anyway. Why not spend it with suppliers who are delivering social impact as well?”
