Business Council of Australia member companies are helping to create the social and economic conditions in which Aboriginal and Torres Strait Islander people can prosper and thrive.
By identifying and sharing experiences from member companies on employment and economic development strategies that work, the Business Council is widely recognised for its leadership role in advocating good practice and policy.
Our key activities include:
Supporting Indigenous businesses: we work closely with Supply Nation to achieve shared goals, including a thriving Indigenous business sector and greater Indigenous economic independence.
We launched our Raising the Bar project on Monday 12 August 2019 to grow the Indigenous procurement capability and impact of Business Council companies. This is a landmark collaboration between Business Council members and Indigenous supplier diversity organisation Supply Nation.
Over five years, committed members will collectively spend more than $3 billion to boost Indigenous businesses, create new opportunities and deliver greater economic participation.
The Raising the Bar framework has four key components:
- an Indigenous procurement target of 3 per cent of annual influenceable spend with Indigenous businesses over a five-year period
- the supporting systems and processes to achieve the target
- reporting and monitoring of spend against the target, and
- activities to develop Indigenous suppliers.
The Business Council members that have signed up to Raising the Bar, include: Australian Unity, BAE Systems, Boston Consulting Group, BHP, BP Australia, Commonwealth Bank of Australia, EY, Fortescue Metals Group, KPMG, Lendlease, McKinsey & Company, Microsoft, Programmed, Qantas, Rio Tinto, Westpac and WSP.
Our biennial Indigenous engagement survey: shows outcomes and progress in business-Indigenous engagement. Read more here.
The Business–Indigenous Network: shares insights, experiences and perspectives on how best to strengthen Indigenous economic participation. Read more here.