7.1 Objective

The ‘Indigenous Community Procurement - Direct’ disclosure topic is designed to guide industries in transparently reporting their procurement expenditures in the context of Indigenous communities. This approach emphasizes the need for detailed, quantifiable data on spending with Indigenous suppliers, ensuring that the economic engagement with Indigenous communities is clearly and accurately represented. The objective is to provide a standardized and credible method for industries to showcase their commitment to supporting Indigenous businesses, enhancing transparency in economic interactions.

There are several key elements to consider in Indigenous community procurement to ensure effectiveness in managing Indigenous supply chain spending. The most critical is verifying the Indigenous ownership or affiliations of suppliers. This ensures procurement data truly represents transactions with Indigenous entities, a crucial step for maintaining the integrity and authenticity in line with the Pehta Framework's standards.

Ultimately, this reporting strategy aligns with the growing global focus on ethical, sustainable, and socially responsible business practices, particularly in the eyes of the investment market. By adhering to these standards within the Pehta Framework, industries not only demonstrate their responsibility towards Indigenous communities but also position themselves favorably in a market that increasingly values sustainable and ethical engagements. The objective, therefore, is to ensure that industries report their Indigenous procurement expenditures in a way that is transparent and meaningful, reflecting a commitment to the economic and social well-being of Indigenous communities.