What is Impact Sourcing?
Impact Sourcing is a business practice where a company prioritizes suppliers that intentionally hire and provide career development opportunities to people who otherwise have limited prospects for formal employment.
Impact Sourcing has been shown to provide many business benefits, for suppliers, including access to new sources of talent, higher levels of employee engagement, and lower attrition rates, while offering employees their first step onto a career ladder that leads to economic self-sufficiency through income growth, skills development, and professional advancement.
How Does it Work?
In order to conform to the Impact Sourcing Standard, businesses need to meet requirements across the Standard’s five sections, covering inclusive business commitments across the entire employee life cycle. Each requirement includes a business policy, practice, or management system that Impact Sourcing providers must meet in order to ensure that people who are long-term unemployed or living under the national poverty line enjoy equal opportunities to enter the workforce and advance in their careers.
How We Work
While BSR no longer offers impact sourcing services, we are sharing the following resources, tools, and case studies that were produced by the GISC. These tools were developed during the lifetime of the initiative and are no longer monitored or updated. BSR is therefore unable to provide support or any guidance in the use of these tools.