SAP Launches 5 & 5 by ’25 Initiative, Rallying Businesses to Spend More with Social Enterprises and Diverse Suppliers

SAP SE today announced 5 & 5 by ’25, a corporate initiative targeting five percent of addressable spend* with social enterprises and with diverse businesses by 2025.

By SAP | Published 4 years ago | About a 1 minute read

In setting this target, SAP aims to inspire organizations around the world to buy more goods and services from purposeful suppliers, making a positive collective impact on the societies they operate in.

According to the World Bank, global procurement spend in 2019 was at least USD 14 trillion. By directing even just a small fraction of this spend to certified social enterprises and diverse businesses, organizations have the power to tackle some of the world’s most pressing social and environmental problems.

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