At Common Good Marketplace, we believe that markets can, and must, be redesigned to serve the common good. This report affirms that belief and was a unique opportunity for us to research an area of corporate activity that holds significant promise to accelerate human flourishing alongside more equitable and resilient practices: social procurement.
As global priorities shift in response to economic, environmental, and social pressures, the role of corporate procurement is evolving. What once focused narrowly on cost and efficiency is now expanding to embrace accountability, inclusion, and impact. Social procurement represents a transformational opportunity to realign purchasing power with purpose, and to do so in ways that are not only ethical, but strategic, scalable, and measurable.
This report, developed in partnership with SAP and informed by insights from ecosystem leaders from around the world, highlights the critical importance of unlocking the full potential of social procurement. By embedding measurable and verifiable results into procurement structures, we can move from intention to accountability, and from outputs to definable results.