Through our partnership with UN Global Compact, we became a signatory of the Women’s Empowerment Principles, GAB is committed to inclusion and gender equality. In 2017, we publicly committed to increase sourcing from women-owned businesses following a baseline study of its supply chain and has now exceeded its target – 26% of its procurement spend is now with women-owned businesses. This was achieved by understanding and addressing the barriers to entry, streamlining the supplier application process, providing training on the tender process, and sharing upcoming opportunities for suppliers. By creating opportunities for local women-owned businesses who became suppliers of GAB and others, thereby growing the bank’s own customer base, GAB saw significant returns less than a year from the programme launch.”
Strategic Partners
