Procurement for Good | Buy Social Corporate Challenge
At Foodbuy, we’re proud to be one of 30 major businesses on the Buy Social Corporate Challenge (BSCC) – a billion-pound challenge that raises the bar for businesses to procure with purpose. We joined the BSCC in 2019 - a ground-breaking initiative supporting large businesses to direct their procurement spend towards social enterprises. Since then, we have exceeded our target to spend £5 million with social enterprise suppliers.
What sets social enterprises apart from other businesses is that they reinvest at least 50% of their profits into their social or environmental mission.
Highlights of our impact so far include:
• Funding over 300 clean drinking water projects, which provides clean water to over 305,000 people
• Supporting 75 people out of homelessness in partnership with Change Please
• Rescuing 60,000 slices of bread to brew Toast Ale
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- Our Inaugural Pitch Social – Powered by Foodbuy
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Pitch Social – Powered by Foodbuy was born out of a desire to grow and strengthen our portfolio of suppliers that do the right thing for the people and the environment. We believe they are the resilient businesses of the future, and we want others to see that too. The day saw social enterprises, B-Corps and minority-owned SME’s, all with a high social and environmental value agenda, pitching their business to a hand-picked panel of Foodbuy stakeholders.
Outside of the pitching rooms, the 18 suppliers across the food and non-food spaces, also had the opportunity to engage in fruitful conversations with the 60+ Foodbuy and Compass representatives in attendance, and create key relationships for future business. The feedback from guests, suppliers and panellists alike has been exceptional.
“We’re committed to offering expertise to help these businesses navigate the world of foodservice and use our scale and leverage to help them identify suitable routes to market.” Karl Atkins, Managing Director, Foodbuy.
It was fantastic to meet a range of suppliers and hear about the incredible social and environmental missions driving their businesses. A massive thank you to all the suppliers who showcased at our event!
We greatly look forward to developing new collaborations and partnerships through this event and its future iterations.