SAP pledges to spend more on social, diverse businesses



FILE PHOTO: SAP logo at SAP headquarters in Walldorf


© Reuters/Ralph Orlowski
FILE PHOTO: SAP logo at SAP headquarters in Walldorf


BERLIN (Reuters) – SAP will try to allocate 5% of its procurement spending to social enterprises and diverse businesses by 2025 to encourage greater social and environmental responsibility.

The German software group, which has 440,000 clients, appealed on Tuesday to other companies to join it in supporting small businesses owned and run by women or minorities.

SAP’s procurement initiative follows its launch in June of a product to help firms track greenhouse gas emissions in supply chains, backing a view that being transparent about their carbon footprint will be good for business.

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The new initiative relates to so-called addressable spend, the share of a company’s procurement budget that can be allocated to social

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Streaming Into A Diverse Entertainment Future

President & CEO of Pinta, multicultural marketing firm with clients such as Carnival, Dr. Seuss, Heineken, Microsoft, NFL Tecate & T-Mobile.

One of the most ubiquitous trends at the intersection of media, entertainment and technology is content streaming. It’s no secret that “over-the-top” services, also known as OTT, have been moving in a diametrically opposed direction to traditional media. As print newspapers and broadcast networks experience precipitous declines, streaming services such as Netflix, Hulu, Amazon Prime and others are enjoying exponential growth.

There’s a famous saying that goes something like “never pick a fight with someone who buys ink by the barrel,” which refers to the immense power of reporters and publishers. Today, the more accurate refrain might be “never compete with someone who has low-cost structure, unlimited inventory and provides consumers with total flexibility.” Interestingly, this trend is even more prevalent in the U.S. Hispanic market, where

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OneTech launches entrepreneur incubator for diverse founders

  • There has been a renewed focus on diversity in tech In light of the Black Lives Matter movement and the inequalities exposed by the COVID-19 pandemic.
  • UK diversity organization OneTech has launched a new entrepreneur incubator and accountability groups with JP Morgan Chase to force change in the industry.
  • Since it was founded in late 2018, OneTech says it has supported 360 founders, 68% of whom are women and 91% are BAME. As of June 2020, the 180 businesses it has backed have raised a total of £13.6 million and created 130 jobs, it says.
  • Visit Business Insider’s homepage for more stories.

In light of the Black Lives Matter movement and the inequalities exposed by the COVID-19 pandemic, there has been a renewed focus on diversity in tech. 

But while many companies and execs have spoken out about the problem, few have succeeded in overhauling the status quo and bringing

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