As female business owners we see real value in the recent report by EY that backs a strategy for large business and government to increase women owned businesses in their supply chain.
EY report finds that women-owned businesses would benefit from a law requiring organisations to cultivate a more diverse roster of suppliers. A requirement for large Australian businesses to ensure that at least 3 per cent of their supply chain is sourced from women-owned businesses would have a material impact on female entrepreneurs and create more viable small and medium businesses. To include women-owned and led businesses in your supply chain, visit Femeconomy and view their certified suppliers.
Femeconomy educates consumers, business owners and budget owners on how their purchasing decisions can create gender equality. Femeconomy certifies businesses that have at least 30% women on the Board of Directors or are 50% female owned. Businesses that meet this criteria can apply to become a member.
Companies with female leaders are more likely to have workplace flexibility, more likely to employ women and less likely to have a gender pay gap, so they are helping to create gender equality for their employees and communities. Femeconomy has been recognised as a subject of social, cultural or economic significance and can therefore be accessed by the public globally, in perpetuity.