Four years of the Buy Social Corporate Challenge

What if the UK’s largest companies could use their everyday spend to transform lives, protect the planet and benefit the communities they work in?  

That’s the premise behind the Buy Social Corporate Challenge – a ground-breaking initiative that brings together corporate partners from a broad range of industries with a collective ambition to spend £1 billion with social enterprise suppliers.

This month marks four years since Social Enterprise UK (SEUK) launched the Challenge, and since then, Foodbuy and other Challenge members have collectively:

  • Spent a combined £91million with social enterprise suppliers
  • Grown the number of Challenge members to 24 different high-profile businesses
  • Directly or indirectly created 1,253 jobs at social enterprises

The four-year anniversary has been celebrated with the release of a Buy Social Corporate Challenge Year Four Impact Report.

DOWNLOAD THE REPORT HERE

The report presents key findings on UK social procurement, how participating companies are benefitting, future opportunities and a clear roadmap for other procurement professionals to get involved.

Peter Holbrook, Chief Executive, Social Enterprise UK said: “The Buy Social Corporate Challenge has continued to go from strength to strength and we are delighted that Foodbuy is using its spending power in a way to benefit communities and the planet. The idea behind the Challenge is a simple one – that everyday business spend can be used to change lives. With a job crisis looming, now is the time for businesses to look at their social and environmental impact and recognise the power and influence they can have in building a fairer, more sustainable economy.”

Ian Murphy, Managing Director, Foodbuy said: “As the first company in the food and drinks sector to join the Buy Social Corporate Challenge, it has given us a real point of difference, helping to further strengthen our partnerships with key clients. It has also been a real game-changer in terms of inspiring our teams and adding value to clients beyond the bottom line.”

Click here to read more about our commitment to social procurement. If you’re interested in learning more about how we can support your business to buy social, be sure to contact us here.

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