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Engagement with and Support for the Local Community Whether supplier companies engage with and support the local community is a critical consideration, especially where there may be legal requirements or expectations for businesses to contribute to local development.
Support for Local Groups and Businesses The support for local groups and businesses demonstrates a supplier’s willingness to contribute to the sustainability of the local economy and ecosystem. This can align with legal or ethical obligations in certain regions.
Support for Companies Impacted by COVID-19 Providing support for companies affected by the impacts of COVID-19, including adapting to new ways of working, can be seen as a social responsibility initiative during times of crisis.
Community Engagement and Social Responsibility You can easily identify suppliers that actively engage with the local community, support local groups and businesses, and contribute to COVID-19 recovery efforts. This information demonstrates a commitment to corporate social responsibility.
Legal Compliance In regions where there are legal requirements related to community engagement or COVID-19 support, the report helps you ensure that your suppliers comply with these obligations.
Reputation Enhancement Suppliers that actively engage in community support initiatives and social responsibility efforts can enhance your reputation as an organisation committed to community welfare and ethical business practices.
Risk Mitigation You can identify non-compliant suppliers or those without active engagement in community support. This information allows you to take proactive measures to mitigate legal and reputational risks associated with inadequate social responsibility efforts.
