Impact Sourcing is a business practice where companies prioritize 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, 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.
The GISC is currently developing a globally accepted Impact Sourcing Standard that will enable buyers to scale up their commitment and employ a consistent approach across markets, while empowering service providers to communicate their Impact Sourcing capabilities and impact through a common methodology that meets buyers' needs.
The Global Impact Sourcing Coalition is a forum of the world’s leading companies committed to incorporate and scale impact sourcing as a business strategy.
Members of the coalition are united behind a shared commitment to advocate for this inclusive employment practice and demonstrate how impact sourcing leads to business growth and employee diversity and engagement. Member companies share a commitment to provide skills training and career advancement opportunities for individuals around the world who previously had limited employment prospects.
The Global Impact Sourcing Coalition will create a globally accepted standard and approach for impact sourcing. This will help global buyers scale up their commitment and employ a consistent approach across markets, while empowering service providers to communicate their impact sourcing capabilities and impact through a common methodology that meets their clients’ needs.
Global Impact Sourcing Coalition member companies champion a successful inclusive hiring practice that enhances their global competitiveness, while highlighting their commitment to the local communities in which they operate. As a member, you will have the opportunity to: