In episode 26 of the Bendigo Business Stories podcast, we dive deep into the transformative power of social procurement with Damian Wells, Managing Director of Coliban Water. As we navigate the complexities of building a skilled and inclusive workforce, Damian provides invaluable insights into how social procurement can be leveraged to drive positive change in our communities.
Social procurement is more than just a transaction; it’s a strategy that allows businesses to amplify their impact. Damian explains how Coliban Water uses its buying power to achieve goals that extend far beyond the immediate benefits of a purchase. By integrating social responsibility into their procurement processes, they not only support local businesses but also foster a sustainable and inclusive economy.
One of the standout moments in our conversation was learning about Coliban Water’s decision to lower the threshold for considering social procurement from $1 million to $50,000. This bold move underscores their commitment to maximizing the impact of customer funds and supporting local communities. Damian highlights the importance of this strategy, noting that it aligns with their goals of promoting healthy country and communities, trusted utility services, and business sustainability.
Throughout the episode, Damian shares inspiring examples of how Coliban Water partners with various organisations to achieve social good. From engaging with Aboriginal businesses to supporting gender equality and diversity in the workplace, Coliban Water is setting a precedent for how businesses can contribute to societal wellbeing while achieving their own strategic objectives.
For small and medium-sized businesses looking to get involved in social procurement, Damian offers practical advice on how to start. He suggests exploring resources like the Social Traders and Kinaway websites, which provide guidance on certification and opportunities for collaboration on larger projects.
As we wrap up the episode, it’s clear that social procurement is not just a tendance but a vital component of a modern business strategy. By investing in the workforce of the future and prioritising social outcomes, businesses like Coliban Water are paving the way for a more resilient and prosperous community.
Tune in to this enlightening episode to learn more about the potential of social procurement and how you can integrate these practices into your own business strategy. Whether you’re a large corporation or a small local business, the insights shared by Damian Wells are sure to inspire and guide your journey towards making a meaningful impact.
This season is proudly brought to you by Be.Bendigo and Workforce Australia Local Jobs, funded by the Australian Government Department of Employment and Workplace Relations.
