Description/achievement of initiative
The Global Impact Sourcing Coalition (GISC) is calling on its corporate members to hire 100,000 new impact workers by the end of 2020 through the Impact Sourcing Challenge. The Challenge is the first of its kind to specifically focus on escalating impact sourcing as a way to increase employment and career development opportunities for disadvantaged workers. The Challenge is aimed at responsible businesses seeking to positively transform employees’ lives through their procurement and hiring practices.
The GISC is calling on its members to hire 100,000 new impact workers by the end of 2020 through the Impact Sourcing Challenge and by advancing the uptake of Impact Sourcing.
Impact Sourcing is a business practice where a company prioritizes suppliers that intentionally hire and provide career development opportunities to people who otherwise have limited prospects for formal employment. Impact workers are people hired by an organization who were previously long-term unemployed or living below the national poverty line.
The impact sourcing challenge is set to scale up impact sourcing substantially over the next couple of years across the BPO industry in all geographies. Both supplier and buyer organizations can take the impact sourcing challenge. Suppliers can pledge to hire new impact workers directly or through their business partners. Buyers can commit to engage suppliers that will hire new impact workers specifically for their account.
A simple pledge allows companies to tell the GISC how many impact workers they will hire by the end of 2020 and how they intend to meet their goal. Their progress will be monitored by the GISC. As a member they will receive GISC’s support towards reaching their goal.
Arrangements for Capacity-Building and Technology Transfer
To support our members and to achieve the Impact Sourcing Challenge, the GISC focuses on the following activities:
- Connect: We facilitates buyers and suppliers connecting through the world’s only Impact Sourcing Supplier Directory;
- Assess: We assess suppliers against the Impact Sourcing Standard and establish Impact Sourcing as a trusted offering to buyers;
- Support: We provide companies with tools and guidance to launch, manage and measure Impact Sourcing programs;
- Communicate: We raise awareness of the benefits and increase the global uptake of Impact Sourcing as a leading sourcing and procurement practice;
- Evaluate: We support research demonstrating the value of Impact Sourcing to business and society.
Coordination mechanisms/governance structure
The GISC is a global network of businesses creating jobs for those most in need through the power of procurement and global supply chains.
The GISC is a BSR Collaboration. Business for Social Responsibility (BSR) provides executive leadership and secretariat support for GISC. BSR is a global nonprofit business network and consultancy dedicated to sustainability. Their Collaborations bring together more than 400 companies, spanning multiple sectors and geographies, to strengthen company performance, improve markets and industries, and contribute to systemic change for a more just and sustainable world.
GISC’s activities are overseen by the GISC Steering Committee, with active participation of the GISC membership. The Steering Committee members are an impressive group of leaders that have demonstrated real commitment to advancing Impact Sourcing on behalf of their organizations and the GISC.
The Global Impact Sourcing Coalition (GISC) and its members.
The GISC is hosted by BSR and seed funded by The Rockefeller Foundation.