Commonwealth Bank of Australia- delivering on commitment to engage Indigenous Businesses
AIMSC member, Commonwealth Bank, has been actively engaged in contributing to the growth of Australia’s Indigenous enterprise sector.
Commonwealth Bank has supported AIMSC from its conception, and was one of the first of Corporate Australia to sign up as a member last year. The team has embraced the inclusion of supplier diversity within its procurement practices by inviting Indigenous business to pitch for projects. They are leading the way, already engaging five Indigenous Businesses in the last six months alone.
Lynton Alderson, Head of Procurement for the Bank says: “Working with AIMSC certified suppliers allows us to diversify our supply chain and in some cases they provide a niche product or service. We have found that the suppliers are competitive and great to work with.”
So far this year, the Commonwealth Bank has engaged with a number of AIMSC certified suppliers:
- Thullii Dreaming are working with the corporate promotional goods team to develop Indigenous themed Commonwealth Bank merchandise.
- Carbon Media, a multimedia production company are currently working with the Commonwealth Bank’s Indigenous Banking team to produce a series of short films about their community partnerships.
- Kallico Catering have catered at a number of functions at the Bank’s head office in Sydney’s CBD, last month catering at a function for the Australian Indigenous Education Foundation as part of Reconciliation Week.
- LBF Consulting are working with Commonwealth Bank’s HR team to further develop their Indigenous recruitment strategy.
More recently, Message Stick have signed a contract with Commonwealth Bank to provide teleconferencing services.
Michael Harte, the Bank’s CIO, responsible for the teleconferencing contract with Message Stick said:
“Through our RAP, which was launched in 2008, we have a formal commitment to support and enhance Indigenous communities, people and their businesses. We are looking forward to working with Message Stick, not only for the service they will provide, but the fact we are able to enlist an additional Indigenous business to our supply chain.”
Michael McLeod, CEO of Message Stick Communications said: “More and more, individual Indigenous Australians want to do their own thing. Companies like Commonwealth Bank and corporate leaders like Michael Harte, Ralph Norris and their teams are giving us opportunities to participate and prove ourselves. It is very empowering and encouraging to our people.”
Natalie Walker, CEO of AIMSC says:“We are delighted that Commonwealth Bank is so proactive in achieving the objectives of their AIMSC membership. Along with our other member organisations, Commonwealth Bank is demonstrating to Australia that a top 100 listed company can do business with Indigenous enterprise.”
In AIMSC’s first six months of operation (01 September 2009 -31 March 2010) they have reported transactions valued at $509,000, representing actual revenue to AIMSC certified suppliers from AIMSC members. Contracts worth $3.36m were signed during the same period. AIMSC’s 36 members are now able to engage with 41 Indigenous businesses that provide a diverse range of goods and services.