Driving Supplier Diversity with WE NEST: Expanding DEI and ESG Impact
CA Tripti Shinghal Somani (?????? )
Investor | TEDx Speaker | Times 40 Under 40 | ET Inspiring Women Leader | Vital Voices Fellow 2023 | Former PwC & GT | Change Maker | KG Somani & Co | Womennovator | Non-Official Member, National Startup Advisory Council
Business and supplier diversity is a critical component of environmental, social and governance (ESG) and diversity, equity and inclusion (DE&I), yet for most organizations it has lagged far behind workforce diversity on the DE&I agenda. That gap is closing quickly.
Business and supplier diversity impacts more than just ESG performance
More companies are now reporting how much they spend on diverse suppliers in their annual ESG reports. Forward-thinking organizations committed to ESG and DE&I have made supplier diversity a key part of their ESG strategy, seeing how these programs can boost performance in environmental, social, and governance areas.
How does business and?supplier diversity drive growth?
Like workforce diversity, business and supplier diversity is much bigger than compliance or optics. Research has consistently shown that inclusive organizations are more productive and creative than their peers, and business diversity has a similar ability to improve performance and create value.
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WE NEST: Nurturing Diverse Suppliers
WE NEST is our commitment to fostering a more inclusive supply chain. Through this initiative, we aim to provide women-owned businesses and minority suppliers with the tools, resources, and opportunities they need to thrive. WE NEST acts as a bridge between corporates and women-owned businesses and MSMEs, directly connecting them and facilitating mutually beneficial partnerships. Our approach focuses on three key areas:
Why partner with us?
More companies are now reporting how much they spend on diverse suppliers in their annual ESG reports. Forward-thinking organizations committed to ESG and DE&I have made supplier diversity a key part of their ESG strategy, seeing how these programs can boost performance in environmental, social, and governance areas. Partnering with Womennovator helps these companies connect with talented women entrepreneurs, further enhancing their supplier diversity efforts and supporting gender equality.
ESG Strategist | Impact Investment Catalyst | Tech for Good Enthusiast
5 个月Good going CA Tripti Shinghal Somani (?????? ) ! I'm sure this will create great value in the medium/; long-term.
Optimizing logistics and transportation with a passion for excellence | Building Ecosystem for Logistics Industry | Analytics-driven Logistics
5 个月What strategies have you seen companies use to successfully integrate supplier diversity into their ESG goals?
Group Head IT & Special Projects | Leading ESG Initiative | Technology Leader under 40 | Pursuing Doctorate
5 个月I'll keep this in mind
Investor | TEDx Speaker | Times 40 Under 40 | ET Inspiring Women Leader | Vital Voices Fellow 2023 | Former PwC & GT | Change Maker | KG Somani & Co | Womennovator | Non-Official Member, National Startup Advisory Council
5 个月Would love to hear from Sandhya Sriram Nidhi Jain Kanika Pal who have been working on these .