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The value of social procurement to Corporate Australia

Corporate Social Procurement in Australia Bonwick, M. and Daniels, M. (2014) Social Traders and The Faculty This piece of research is the first report of its kind in Australia and quite possibly in the world that seeks to specifically know more about corporate social procurement including what’s being done, how it’s being done, what the impediments are and how corporate social procurement (CSP) can be supported to grow. The report is timely in that it … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

Legislation to support social procurement targets

Tackling poverty through public procurement Richard Macfarlane, with Anthony Collins Solicitors (2014) Joseph Rowntree Foundation The rise in interest in social procurement is international. In the financially austere environment facing the UK there is a need to find new ways of creating employment for the most marginalised. The Joseph Rowntree Foundation undertook research to understand the role of public procurement in creating employment opportunities for those that are currently outside of the labour market and … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

The social impact of social procurement as a creator of employment for marginalised groups

Social Enterprise: making it work – a case for social procurement Mark Quinn, Charter Keck Cramer (2011) AMES Having looked at impact measurement for ‘local buy’ and Fairtrade social procurement, both of which have been heavily evaluated, we come to social procurement delivering employment to marginalised groups. A number of welfare and advocacy organisations have pointed to the value of increasing employability through social procurement but there is scant information available in that directly captures … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

The social impact of Fairtrade social procurement

The Last Ten Years: A Comprehensive Review of the Literature on the Impact of Fairtrade Valerie Nelson and Barry Pound (2009) Natural Resources Institute, University of Greenwich With €2.9 billion euro p.a. spent on Fairtrade products in 2008, socially aware consumers and organisations are big business. Fairtrade seeks to eliminate exploitation from the supply chain and generate lasting benefits in the producer communities. Most of the understanding of the impact of Fairtrade comes through stories … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

The social impact of ‘local- buy’ social procurement

The Multiplier Effect of Local Independent Business Ownership Jeff Milchen American Independent Business Alliance Measuring the impact of social procurement is obviously important. Whilst stories, intuition and outputs are enough for some to engage with social procurement, policy makers and government require more evidence. Due to the diversity of social procurement approaches, benefits and industries there is no universality in how and where the impact of social procurement has been measured. This web article and … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

Defining Social Procurement

Purchasing social good(s): a definition and typology of social procurement Craig Furneaux & Jo Barraket (2014) Public Money & Management, 34:4, 265-272 Social procurement has gained attention in modern public management however, considerable differences exist in understanding what social procurement actually is. This confusion has inhibited the growth of social procurement internationally and in Australia. The term has multiple meanings which are all explored in this paper. Barraket and Furneaux identify that social procurement is … Continue reading

Posted in Issue 19: Winter 2014, Social Innovation | Leave a comment

The locust and the bee

Book by Geoff Mulgan, Princeton University Press: Princeton, 2013. Capitalism is the focus of Geoff Mulgan’s latest book. In a wide-ranging argument, Mulgan argues that capitalism, rather than being an immutable fixture in our lives, is part of a process of ongoing social evolution and progress. The real power of capitalism lies in its flexible and responsive nature, in its ability to adapt, colonise and regenerate. He argues that we can all play a key … Continue reading

Posted in Issue 18: Spring 2013 | Leave a comment

Putting the brakes on impact

Article by Alnoor Ebrahim and V Kasturi Rangan, Academy of Management Proceedings, Meeting Abstract Supplement 1-6, August 2010 Social purpose is at the heart of impact investment. A credible and robust marketplace for social impact needs accounting approaches that reflect this central social purpose. The lack of a generally-accepted impact measurement taxonomy is consistently identified as a major barrier to the growth in scale of the social impact investment market. A dominant response to this … Continue reading

Posted in Issue 18: Spring 2013 | Leave a comment

Reaching underserved markets

Report by Ingrid Burkett, April 2013, Knode Pty Ltd: Queensland. The social marketplace must be shaped around the real needs of social purpose organisations. This report provides a comprehensive and timely review of the role of specialist financial intermediaries in supporting this critical social mission. Burkett focuses on the role of intermediaries to direct capital and investment into financially underserved markets, with a particular emphasis on social enterprise. She suggests that social enterprises are not … Continue reading

Posted in Issue 18: Spring 2013 | Leave a comment

Investment readiness in the UK

Report by Dan Gregory, Katie Hill, Iona Joy, and Sarah Keen, ClearlySo/ New Philanthropy Capital: London, July 2013 It is important that social impact investment remains focused around the needs of social purpose organisations, and an effective social marketplace must actively seek their voices. This report provides some of this perspective from the UK, by exploring the issue of investment-readiness among both potential and current investees of social impact investment. Despite covering only the UK … Continue reading

Posted in Issue 18: Spring 2013 | Leave a comment