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City of Vancouver: Generating social value through procurement

This case study has been created from the Finance for the Future Awards. This entry was a finalist in the ‘Innovative project’ category.

The City of Vancouver is a municipal government organisation in Canada. In 2019 it developed and implemented a Social Value Procurement Framework as a way to generate positive social outcomes. The framework encourages City of Vancouver staff to procure services from vendors that have a social purpose or that are diverse. The city’s target is to procure 50% of services from such organisations in specific procurement categories by 2023.

The ambition of Vancouver to award 50% of its contracts to social and diverse businesses by 2023, under its Social Value Procurement Framework, is both inspirational and commendable. It is being implemented in a sensitive way that will increase economic opportunities for all its diverse citizen groups.’

Finance for the Future Awards judges

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FINANCE FOR THE FUTURE AWARDS

A4S, ICAEW and Deloitte work in partnership on the Awards to highlight the financial leadership which is key to creating resilient, sustainable business models and to celebrate examples of leadership by individuals, projects and organizations.

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