We explore the evolution of our partnership with this like-minded client.
Social Traders mission is to support the growth of social enterprise in Australia. This is achieved through building a marketplace that connects certified social enterprises to social procurement opportunities with government and business buyers. As part of this mission, Social Traders has a commitment to procure products and services from social enterprises where possible.
Why U Ethical for Social Traders?
Banking and treasury services was an area Social Traders identified as a potential social enterprise procurement category, at which point U Ethical was engaged.
Social Traders was looking to invest in a low risk, fixed income investment and U Ethical’s relationship management team identified the Enhanced Cash Trust as an ideal option.
As U Ethical contributes the majority of its operating surplus into community services programs assisting vulnerable individuals and communities, the organisations have well aligned ethoses.
An evolving partnership
In addition to providing Social Trader’s with an investment solution for their financial and ethical needs, U Ethical has become a Social Traders’ Certified Social Enterprise. As a business that trades to tackle social problems, improve communities and the environment, we’ve joined a network of 380 social enterprises on Social Traders’ online social procurement platform. This platform links Social Traders’ business and government members to social enterprises in order to facilitate social procurement deals.
When asked to describe their experience, Social Traders Head of Finance and Operation Mark Hart said, “We have been most impressed with U Ethical’s level of service and personalised approach.”
“From our first engagement, through gathering information to support adding U Ethical as an authorised counterparty, establishing an account and managing ongoing transactions - the service has been first class,” he said.
At U Ethical we look forward to working with Social Traders while developing our knowledge and network with like-minded social enterprises through the procurement platform.
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