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SAP launches 5 & 5 by '25 initiative

The 5 & 5 by '25 initiative, led by SAP board member Adaire Fox-Martin, supports social enterprises.
E-3 Magazine
December 1, 2020
[shutterstock: 1379009579, Party people studio]
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This text has been automatically translated from German to English.

SAP's 5 & 5 by '25 initiative aims to spend five percent of addressable procurement spend with social enterprises and companies that promote diversity by 2025. With this goal, SAP aims to inspire more companies around the world to buy more goods and services from socially engaged suppliers and thus make a positive impact on the societies in which they operate.

According to the World Bank, global procurement spending in 2019 was at least $14 trillion. By directing a fraction of this spend to certified social enterprises, organizations have the opportunity to address social and environmental issues.

Based on initial pilot projects in selected markets, SAP estimates that by 2025 it will be able to allocate up to US$60 million of addressable global spend per year to social enterprises and diversity companies. This figure is estimated at around €2.5 billion for DAX companies and up to US$25 billion for U.S. Fortune 500 companies.

Social enterprises are focused on making a positive difference in the world. They are similar to other commercial enterprises, but with three key differences: they are founded and managed on the basis of a clear social or environmental mission; they reuse the majority of their profits for that purpose; and they are audited primarily against the backdrop of that mission.

A diversity-focused supply chain favors businesses that are at least 51 percent owned and operated by an individual or group that is part of a traditionally underrepresented or disadvantaged population. These include women-owned, minority-owned, and Native American-owned businesses, to name a few.

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SAP Competence Center Summit 2024

Venue

Event Room, FourSide Hotel Salzburg,
At the exhibition center 2,
A-5020 Salzburg

Event date

June 5 and 6, 2024

Regular ticket:

€ 590 excl. VAT

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Event Room, Hotel Hilton Heidelberg,
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Event date

28 and 29 February 2024

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Regular ticket
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The organizer is the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes the attendance of all lectures of the Steampunk and BTP Summit 2024, the visit of the exhibition area, the participation in the evening event as well as the catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due time.