The company’s Health for Humanity 2025 Goals included a commitment to achieve $4.5B Global Impact Spend with small and diverse suppliers and with social enterprises, representing a 20% increase from 2020.
What is Johnson & Johnson’s Global Social Enterprise Strategy?
In November 2022, Johnson & Johnson launched its Global Social Enterprise Strategy to drive societal and economic impact through the company’s network of suppliers. The multi-year project supports the company’s Health for Humanity 2025 spending goals and builds on a track record of partnering with small and diverse businesses.
“This is not charity or philanthropy,” said Shashi Mandapaty, Chief Procurement Officer at Johnson & Johnson. “This is about working with the very best suppliers to drive the best outcomes for both our business and society at large. Partnering with companies committed to doing good in the community aligns with Our Credo—and accelerates our commitment to supplier diversity and inclusion.”
“It’s not an either/or situation,” Mandapaty says. “It’s an opportunity to extend positive social impact …