The City of London Corporation has become the first governing body to join a scheme aimed at increasing the diversity of supply chains.
The organization, which provides local government services across the Square Mile, has signed up as a corporate member of MSDUK, which brings together ethnic minority-owned companies with organizations that want to be more inclusive.
It will work with the non-profit membership organization to find ways to remove the barriers faced by ethnic minority companies and encourage more people to bid for contracts.
The move supports City Corporation’s responsible procurement policy, which includes commitments covering social value, environmental sustainability and ethical procurement.
The chairman of the City of London Corporation’s subcommittee, Hugh Morris, said:
“MSDUK is doing a great job of empowering ethnic minority companies to overcome the barriers they face and give them the networks, training and skills they need to succeed.
“This partnership will help us build positive relationships with these companies, to encourage more of them to bid for contracts and to create a supply chain that is truly representative of our enormously diverse capital.”
Registration for MSDUK supports the work of City Corporation’s Tackling Racism Taskforce, which has introduced initiatives aimed at tackling racism and increasing diversity in areas such as personnel, culture and education.
Founder and CEO of MSDUK Mayank Shah said:
“London is the world’s most diverse city, and the contribution of ethnic minority companies to the capital’s economy cannot be ignored. However, they are still under-represented in London’s public supply chain.
“We are pleased to work with the City of London Corporation to address this under-representation and build future supply chains that are diverse and inclusive.”