SOCIETAL SOLUTIONS
Driving positive
outcomes
SOCIAL PROCUREMENT
Understanding why social procurement and ESG are critical to our global economy.
The delivery of meaningful ESG outcomes and socio-economic growth is dependent on how your company or project uses your spending power.
Using authentic and evidenced social and sustainable suppliers, creates self-sustaining financial pathways through the sale of social or environmental benefit, goods and services, including the ethical employment of marginalised or disadvantaged people and communities.
Social procurement provides an increased community return of more than $4 social value per dollar spent, over conventional procurement. Social procurement is achieved through the redirection of ‘business as usual’ supply chain spending, through the procurement of goods services from social benefit providers, delivering social, cultural, or environmental outcomes.
Playing your part in supporting social procurement can help to break the cycle of disadvantage by financially empowering communities — creating training and employment opportunities, providing new choices, while helping to reduce dependency of government support.
Identifying and choosing ethical or environmentally sustainable or locally manufactured products and services, will equally form a critical procurement role, in the reduction of landfill, eliminating carbon emissions, or helping to contribute towards the replenishment and regeneration our land and oceans.
The SOS platform, intelligent and predictive algorithms, help your business, identify, and optimise your social or environmental compliance impact and outcomes.
Evidence data captured against contracts / policy outcomes and impacts
The SOS Platform undertakes a unique onboarding audit and analysis through our due diligence processes to fully capture evidence, assess, and predetermine impacts and outcomes. This process is important when strategically aligning policy or a project’s contractual requirements with your social procurement, ESG or priority workforce inclusion deliverables.
Making an Informed Choice
There are many important determining factors when deciding how to procure your goods and services. The first important step in the process should be identifying an authenticated or certified social benefit supplier, or an accredited ethical or environmentally sustainable product or service. For peace of mind and audit control, every supplier on the SOS platform is authenticated.
However, certification is not always enough as all socially or environmentally procured products, services, or businesses, are not created equal. To help mitigate potential risk, the SOS platform undertakes unique analysis through our due diligence processes to capture evidence, assess, and predetermine impacts and outcomes. Our processes are important when strategically aligning policy or contractual requirements with your social procurement, ESG or priority workforce inclusion deliverables.
Company ownership, inclusion of target priority groups, source, make up and processes used to manufacture materials, locality, waste and emissions and impacts, to name a few, allows your business to make value aligned choices.
These social and environmental impact contributors, to name but a few, are critical when assessing and evidencing the footprint your business or project leaves on this planet.
Sustainable social or environmental procurement outcomes cannot be achieved or assessed in isolation. As an industry ‘First’ social procurement process, the SOS platform supports a whole of company or project assessment, monitoring, reporting, audit, and capture of evidence, to understand and adopt best practice to successfully procure and achieve sustainable outcomes.
- Social Procurement
- Indigenous Inclusion
- Ethical, Environmental and Sustainability
- Local Industry Development
- Training and Employment of Target Priority Groups
- Diversity, Inclusion and Equality
- Modern Slavery
How Is your business going to leave a legacy? It’s never too late to start.
SOCIETAL OUTCOME SOLUTIONS Pty Ltd
Suite 1.02, 3 Bowen Cresent, Melbourne,
Victoria, Australia 3004
sos@socialoutcomesolutions.com
1800 SOS ESG (1800 767 374)
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