We are committed to ensure a percentage of all discretionary dollars is spent with small and diverse businesses.
The supplier diversity initiative at GSK seeks to identify and develop diverse businesses to support the commercial ambitions of GSK while contributing to our social responsibility of improving the economies of the communities we serve.
Our supplier diversity initiative includes Minority-, Women-, Veteran-, Lesbian, Gay, Bisexual and Transgender (LGBT)-, Disability-owned businesses as well as businesses located in Historically Underutilized Business Zones (HUBZones) and small businesses.
Corporate commitment
We are committed to help improve the lives of people in the communities we serve. This commitment requires an inclusive framework where all people have access to the medicines and products they need. The supplier diversity initiative has been designed to do just that. By taking a shared responsibility and seeking innovative partnerships and solutions within the community, we are helping diverse suppliers develop the necessary capabilities to grow and sustain their businesses.
By integrating supplier diversity into our sourcing process and establishing an advocacy team, we have gone beyond the diversification of employment and expanded to create opportunities for diverse suppliers. We have built a team of GSK advocates and stakeholders who will help us bridge the gap between GSK and the growing numbers of diverse populations across the globe.
The fact is that, by creating an inclusive environment for our diverse suppliers, we have enabled them to create jobs, build wealth and establish leadership in diverse communities. Diverse suppliers employ more people from diverse communities than larger corporations. Creating an inclusive environment for them has helped keep the wheels of economic empowerment turning and strengthened economic prosperity in diverse communities everywhere.
A sense of community
Moreover, as we build a sense of community among diverse groups we in turn build the necessary trust and loyalty that gives us access to deliver key messaging around healthcare screenings, educational resources and patient assistance programs. Ultimately, this enables us to take a leading role in promoting preventative healthcare and eliminating existing disparities.
As GSK moves toward achieving our diverse business spending goals, we will continue to remember our mission which challenges us to enable people to do more, feel better and live longer. Together we help strengthen the economic prosperity and health awareness in diverse communities across the globe.
