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, 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.
The Global Impact Sourcing Coalition is a global network of businesses creating jobs for those most in need through the power of procurement and global supply chains. Members of the coalition are united behind a shared commitment to advocate for Impact Sourcing and demonstrate how this inclusive hiring practice leads to more diverse and inclusive supply chains, business growth, and social impact.
In 2018, the GISC membership adopted an Impact Sourcing Standard, which defines the requirements for providers of business products and services to demonstrate their commitment to inclusive employment. Among other objectives, the Standard aims to enable client organizations to evaluate their product and service providers based on their Impact Sourcing service capabilities and performance, and to facilitate the adoption of Impact Sourcing across companies operating in a wide range of geographies and industries.
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: