The Australian Property industry not only creates buildings and communities. Its collective buying power has a significant influence on supply chains.
Property companies who source responsibly, build strong and sustainable businesses while delivering positive impact to people and planet. It’s a simple but powerful opportunity for industry to make a difference across communities.
The Property Council of Australia is determined to lead the conversation on social sustainability in providing tools and resources that support the industry’s social license to operate.
With that in mind, the Property Council is delighted to announce a new Guide to Social and Indigenous Procurement, developed in collaboration with Social Traders and Supply Nation.
The Guide provides practical advice to businesses looking to extend their social impact through their procurement choices and show cases the significant work already underway through a series of case studies.
“This Guide to Social Procurement was developed as a starting point for property companies embarking on their search for partners and looking to expand their positive impact through their procurement choices,” Property Council Chief Executive Mike Zorbas said.
“The Guide has been developed in collaboration with Social Traders and Supply Nation to establish a common language for the industry’s approach to social procurement.
“The Guide also provides practical advice to businesses looking to extend their social impact through their procurement choices and acknowledges the significant work already underway through a series of case studies.
“I applaud the work undertaken by the Property Council’s National Social Sustainability Roundtable as well as the valuable contributions from Social Traders and Supply Nation in developing this Guide.
“This is a rapidly evolving space for innovation. We hope this Guide inspires new ideas and new approaches about how social procurement can enable the property industry to drive positive change in the communities we serve.”
Supply Nation Chief Executive Officer Kate Russell said for every $1 invested with an Indigenous business, $4.41 of social and economic value is generated.
“That means that your dollar is working 4 times harder when spent with an Indigenous owned business. These businesses are up to 100 times more likely to employ Indigenous Australians and reinvest their revenue to support their communities.
“We also know that diverse supply chains are more sustainable, flexible and innovative. Supporting our most marginalised communities is simply, good business.
“We congratulate the Property Council of Australia and recognise all that contributed to developing this important guide to support businesses through their procurement choices and deliver transformative social impact.”
Social Traders Chief Executive Officer & Director Tara Anderson said social procurement is a tool for double value creation –
achieving commercial objectives while also supporting
communities where you operate.
“When you include social enterprises in your supply chain, you’re not only buying the goods and services you need, but you’re supporting the most marginalised Australians and the environment.
“It’s fantastic to see the conversation about social procurement shifting from ‘why’ to ‘how’, which this guide demonstrates. Now is the time to join the frontrunners who are already leading the charge in better business.”‘why’ to ‘how’, which this guide demonstrates.
“Now is the time to join the frontrunners who are already leading the charge in better business.”