engage magazine issue 001 spring \'06 - Page 19

BUSINESS CASE 19 Race for Opportunity RfO 2005 Survey results Contracts Awarded to Ethnic Minority Businesses (during last 3 years) Business Case Corporate Social Responsibilty Key Performance Indicators Marketing Recruitment & Development Supplier Diversity Topic No Yes (Figure 1) Priority Topics on Global Diversity Agendas 58 53 53 50 53 24 0 10 20 30 40 50 60 (Figure 3) % answering Yes 6% 35% Don’t Know 59% One of the key trends emerging from this survey is that businesses are keen to invest in local generation projects and give advice with business planning. However, taking that one step further and actually awarding work to minority ethnic businesses still remains a challenge (see figure 2). Race for Opportunity also conducted a pilot global benchmark survey in 2005 to get a sense of how many of its member organisations operate on a global basis. The intention was to set a foundation for defining what truly represents best practice in race diversity and inclusion for global/multinational organisations. It was interesting to note, that even on a global level, supplier diversity was low on company agendas when compared to other diversity initiatives. (See figure 3) RfO is about to conclude its 2006 benchmarking exercise - the results will be published in June 2006. For further information on the Race for Opportunity campaign. Please visit: www.bitc.org.uk/programmes/programme_ directory/race_for_opportunity/ Does your organisation invest in initiatives that support the development of Ethnic Minority Businesses Provides advice with business planning 45 19 32 3.7 Invests in local regeneration prjects 51 15 28.4 6.2 Not in Place Under Development Initiative Participates in local supplier networks 44 15 38.3 3 Current Don’t Know Mentors ethnic minority business people 38 17 38.3 7.4 (Figure 2) % 0 20 40 60 80 100 120 SPRING ISSUE 2006 engage