SAP SE today announced 5 & 5 by ’25, a corporate initiative targeting five percent of addressable spend* with social enterprises and with diverse businesses by 2025.
In setting this target, SAP aims to inspire organizations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on the societies they operate in.
According to the World Bank, global procurement spend in 2019 was at least USD 14 trillion. By directing even just a small fraction of this spend to certified social enterprises and diverse businesses, organizations have the power to tackle some of the world’s most pressing social and environmental problems.
Read full release here.
Published Oct 5, 2020 8am EDT / 5am PDT / 1pm BST / 2pm CEST