7.7 Summary

The ‘Indigenous Community Procurement - Direct’ disclosure as part of the Pehta Framework prioritizes the enhancement of transparency and accountability in organizational procurement processes. It encourages the comprehensive reporting of supply chain spending, with a particular emphasis on procurement associated with Indigenous communities, aiming to foster responsible sourcing, equitable opportunities, and sustainable growth.

The disclosure supports industry in implementing robust accounting practices and technical protocols. These tools will ensure consistent, accurate, and transparent reporting of procurement activities across the four specified categories: Third-Party Certified Indigenous-Owned Businesses, Self-declared Indigenous-Owned Businesses, Indigenous Community-Owned Businesses, and Businesses having Partnerships or Relationships with Indigenous communities.

Connecting procurement processes with specific Indigenous communities, where known, underpins the credibility of these relationships and strengthens the understanding of the real impact of procurement spending. This connection serves as the foundation for more meaningful relationships between organizations and Indigenous communities, improving communication and cooperation.

Adherence to the ‘Indigenous Community Procurement - Direct’ disclosure will contribute to the realization of more equitable and sustainable procurement processes. These will benefit not only the industry and their bottom lines but also the Indigenous communities, which will experience improved opportunities, fairer trade, and respect for their rights and traditions. This disclosure represents an essential step towards aligning procurement practices with the broader goals of social responsibility and sustainable development, leading to stronger, more credible relationships into the future.