Business Partner Diversity Policy
At Mewburn Ellis, we are committed to promoting diversity and inclusion throughout all aspects of our operations, including our supplier base. We believe that a diverse supply chain enhances our business performance, fosters innovation, and contributes to the economic growth of the communities in which we operate. This Supplier Diversity Policy outlines our commitment to actively seeking and engaging diverse suppliers, ensuring equal opportunities, and promoting a culture of inclusion in our procurement processes.
Objectives
This Diversity Policy aims to:
- Increase the representation of diverse suppliers in our procurement processes.
- Foster economic development by supporting small and diverse businesses.
- Encourage innovation, competitiveness, and creativity by sourcing from a diverse supplier base.
- Promote inclusive business practices and equal opportunities.
Definitions
Diverse Suppliers: Businesses that are at least 51% owned, operated, and controlled by individuals who are members of historically disadvantaged or underrepresented groups. This includes, but is not limited to, ethnic minority-owned, women-owned, LGBTQ+-owned and disabled-owned businesses.
Implementation
- Supplier Identification: We will actively identify and seek out diverse suppliers for all new business services suppliers at the firm.
- Supplier Inception: We will provide a clear and accessible process for diverse suppliers to register their business details with us. This will include gathering necessary information around diverse ownership and control.
- Procurement Practices: We aim to include diverse suppliers in all relevant bidding processes and evaluate bids based on a fair and objective assessment of quality, cost, and ability to meet our requirements.
- Reporting and Monitoring: We will establish regular reporting mechanisms to track our progress in supplier diversity and regularly review and evaluate our supplier diversity initiatives to ensure continuous improvement.
- Accountability: Our management team and procurement personnel will be responsible for implementing and supporting the Supplier Diversity Policy and ensuring its integration into our procurement practices.
Communication and Outreach
- Internal Communication: We will communicate our Supplier Diversity Policy and its importance to everyone at our firm to foster understanding, engagement, and support.
- External Communication: We will actively promote our commitment to supplier diversity to the public, our suppliers, and other stakeholders, emphasising our belief in equal opportunities and the economic benefits of diverse business partnerships including publishing it on our website.
- Collaboration: We will collaborate with industry associations, advocacy groups, and community organizations to promote supplier diversity and share best practices where possible.
Compliance and Review
- Compliance: All employees involved in procurement activities are expected to adhere to this Supplier Diversity Policy and contribute to its successful implementation.
- Policy Review: We will periodically review and update this policy to ensure its effectiveness and alignment with evolving industry best practices and legal requirements.
By implementing this Supplier Diversity Policy, we are committed to creating a more inclusive and equitable business environment, supporting the growth of diverse suppliers, and fostering economic empowerment. Together, we can make a positive impact on our business, our communities, and society as a whole.