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 Sourcing has been shown to provide many business benefits, for suppliers, including access to new sources of talent, higher levels of employee engagement, and lower attrition rates, while offering employees their first step onto a career ladder that leads to economic self-sufficiency through income growth, skills development, and professional advancement.
BSR, an organization of sustainable business experts that works with its global network of the world’s leading companies to build a just and sustainable world, was the proud host of the Global Impact Sourcing Coalition Secretariat and continues to support the Impact Sourcing movement.
BSR offers Impact Sourcing advisory services to companies that seek to learn from our experience in running the GISC to launch their own distinctive Impact Sourcing programs, as well as to develop inclusive employment initiatives that effectively bring people out of poverty.
If you are a practitioner or supporter of Impact Sourcing, join the Impact Sourcing Champions group on LinkedIn.