This could be social procurement’s big moment. Does anyone care?

Building a more impact-oriented marketplace after the pandemic

Why It Matters

Across Canada, governments alone spend $200 billion on procurement — what would it mean if a portion of that money went to social impact businesses or organizations? Advocates say that COVID-19 could be an opportunity to accelerate the social procurement movement, but can they convince governments and other stakeholders to buy in?

var TRINITY_TTS_WP_CONFIG = {"cleanText":"This could be social procurement\u2019s big moment. Does anyone care?. \u201cSocial procurement.\u201d Let\u2019s be frank: it does not sound particularly exhilarating. But in the social impact world, it\u2019s been garnering a lot of interest in recent years, and for good reason.\u00a0 What it means is the achievement of positive social or environmental impact through an organization\u2019s process of purchasing goods and services. In other words, a government, philanthropic foundation or charity or company alters its supply chain to include businesses that offer an additional social benefit. For example, the practice is most common in construction, where contractors might hire workers through a social enterprise that employs those who\u2019ve struggled to e

Future of Good journalism and events produce insightful analysis and knowledge you need to work and grow.

Read this article with a free account or explore membership options for unlimited access.