How companies are partnering with suppliers to deliver social impact

Employees are voting with their feet by choosing to work for companies that align with their own values, while customers increasingly seek ethical businesses who demonstrate strong social purpose.

“Embracing social value expectations offers competitive advantage. Companies who ignore changing stakeholder attitudes risk missing out on talent and valuable business,” explains Dwyer.

As well as ensuring suppliers are aligned on purpose, firms seeking to make a real difference are increasing business opportunities for social enterprises and smaller businesses from a diverse range of backgrounds whether through ethnicity, gender, sexual orientation, disability or veteran status.

JLL’s research found 48% of respondents already partner with local suppliers to create positive community benefits and 36% currently track and report their supply chain/third parties’ impact on social value.