CITY OF LONDON CORPORATION
18
The second pillar of the City Corporation ’ s procurement strategy – value for money – is an equally important one for the group . By introducing the City of London Corporation Savings and Efficiency handbook and setting ambitious targets , it has driven savings whilst continuing to deliver quality services to the community it serves .
“ To provide value for money we asked ourselves ‘ could we do things differently ? Can we find efficiencies and commonality in spend ? Who should we be collaborating with ?” Bell says . “ We really challenged the accepted norm about how we procure goods and services .”
Corporate social responsibility has , of course , been integral to City Procurement ’ s strategy and , as a result , the body has worked diligently to maximise the economic , social and environmental benefits from every pound that is spent .
It has pledged to reduce CO2 emissions and waste and promote biodiversity and nature conservation . Additionally , it has also vowed to procure locally where possible , to engage with SME ’ s and social enterprises , deliver the real living wage and more .
“ Underpinning our strategy is a sense of corporate social responsibility which we have established as a ‘ golden thread ’ across
AUGUST 2018