Principle 5 Business, Supply Chain, and Marketing Practices
Key Element B Procurement

Learn more 

Procurement policies and practices set the standards for supplier selection and can ensure that women have an opportunity to participate. This in turn can help create opportunities for women's employment and entrepreneurship. Studies increasingly demonstrate that women's economic growth goes hand-in-hand with broader economic development. When women have the opportunity to develop and launch businesses, for instance, countries can reap tremendous benefits. It is particularly important to pay attention to fair credit practices and lending terms which can help stimulate the economy by allowing entrepreneurs, many of whom are women, build lines of credit and graduate to larger loans and conventional finance mechanisms. Women-owned businesses offer unique insights into areas such as product development and distribution, advertising and marketing strategies, and emerging customer and market opportunities.

There are 5 indicators for this element.
Indicator 1

Extend the organization's non-discrimination policy to all supply chain, vendor, and procurement contracts.

Implementation level
Indicator 2

Analyze the organization's procurement practices for total amount and percentage spent on first and second-tier suppliers that are verified women-owned enterprises.

Implementation level
Indicator 3

Require the consideration of women-owned enterprises in all supply chain and procurement decisions and contracts. Utilize procurement fairs, supplier rotational programs, and lists of certified women-owned suppliers.

Implementation level
Indicator 4

Identify a "women's enterprise champion" within the organization to target women-owned enterprises and help them access resources, such as credit, contacts, and training. Offer a supplier mentoring program and highlight success stories.

Implementation level
Indicator 5

Set measurable targets to increase the use of women-owned enterprises and tie supplier diversity goals and achievements to performance evaluations and compensation.

Implementation level

Save your entries      Finalize this AssessmentYou cannot change your answers if you click Finalize.     Next Key Element »    Return to Assess Your Workplace

Resource overview icon  Assess Your Workplace

Implementation explanation icon  About implementation levels

Next steps icon  Next Steps

Top resources for this Principle

Show all for this Principle

Accelerating Gender Parity: A Toolkit
This toolkit is for businesses and other stakeholders interested in accelerating gender parity. Article. pdf, 155KB Added 10/23/2017

The Business of Empowering Women
This report presents a case for why and how the private sector can intensify its engagement in the economic empowerment of women in developing countries and (More...)
emerging markets. The report draws on insights from interviews with more than 50 leaders and experts in the private and social sectors who focus on women's empowerment, as well as findings from a global survey of nearly 2,300 senior private sector executives, among others. (Hide)
Article. pdf, 1463KB Added 4/8/2010

Sustainable Supply Chains: Resources and Practices
The United Nations Global Compact Sustainable Supply Chains website is a one-stop-shop for business seeking information about supply chain sustainability. On this website, you will find (More...)
information designed to assist business practitioners in embedding sustainability in supply chains. In particular, the website presents information about sustainable supply chain: 1) Initiatives, programs, codes, standards and networks, 2) Resources and tools, and 3) Case examples of company practices. The articles are searchable by issue area, sector, region and practice category. Companies can also share information about their supply chain initiative or resource by registering on this website. (Hide)
Web. Added 4/9/2010

Corruption and Labor Trafficking in Global Supply Chains
In this white paper, Verité outlines how trafficking-related activities in global supply chains include corruption, bribery, and other conduct that could result in liability for companies (More...)
subject to Foreign Corrupt Practices Act (FCPA) jurisdiction. It also provides guidance on how and where companies should respond to the specific compliance risks associated with labor trafficking (Hide)
Article. pdf, 818KB Added 9/29/2016

The Human Rights and Business Project
The Human Rights and Business Project is devoted to promoting sustainable social and economic development through responsible corporate human rights practices. Included on their website (More...)
is a Human Rights Compliance Assessment Tool that allows companies to check their performance on human rights, including business related activities that may be related to trafficking and forced labor. Company managers or company compliance officers can examine their company operations and policies, and benchmark company performance against more than 80 international human rights conventions covering all internationally recognized human rights. (Hide)
Web. Added 4/9/2010

HP Global Citizenship: California Transparency in Supply Chains Act of 2010
An example of a company's disclosure under the California Transparency in Supply Chains Act (SB 657) provided by the Hewlett-Packard Company. Web. Added 1/26/2012

Good Practices Guide: Examples of Specific Steps Business Company Can Take in Helping End Human Trafficking
This guide provides specific examples of how a business company can take steps to help end human trafficking. Article. pdf, 353KB Added 4/9/2010

Women 2.0
Less than 5% of technology startups are founded by women. Women 2.0 is working to increase the number of female founders of technology (More...)
startups, by enabling entrepreneurs with a network, resources and knowledge to take their startup from an idea to launch. Women 2.0 offers workshops and events to help women entrepreneurs learn the ropes and expose them to the inner workings of Silicon Valley. (Hide)
Web. Added 12/28/2010

Live TV Marketing Guidelines
The Electronic Retailing Association believes that consumer confidence is the key to the continued growth and success of the electronic retailing industry. In order to encourage (More...)
fair, ethical, and responsible marketing practices that will promote consumer confidence in electronic retailing, ERA adopted the "Live TV Marketing Guidelines," which apply to all live, direct response television shopping programming ('Live DRTV') produced or disseminated by ERA members. These Live TV Marketing Guidelines in some respects exceed legal requirements, and in some respects constitute industry best practices, which may exceed reasonable and acceptable practices, and accordingly these Live TV Marketing Guidelines should be viewed as aspirational. (Hide)
Article. pdf, 164KB Added 4/13/2010

Women, Business and the Law 2018
Since 2009, Women, Business and the Law has collected data about legal restrictions on women's entrepreneurship and employment in order to inform policy discussions and promote (More...)
research on the linkages between the law and women's economic opportunities. Women, Business and the Law 2018: Getting to Equal is the sixth in the series. (Hide)
Article. pdf, 8418KB Added 4/9/2010

Report broken link

Recommend a Resource