TISCreport Case Study: LONDON Mayor's OFFice

Amplifying social impact through London's £8B annual procurement power and the Mayor of London's Good Work Standard

Challenges

Lack of data visibility
Unstructured non-financial data
Time-consuming manual assessments
Tight reporting timescales

Benefits

Automated data aggregation
Less time and money spent on manual assessments
More time spent with suppliers, increasing their social impact

Objectives

London Mayor Sadiq Khan set up the Good Work Standard, a set of criteria covering fair pay and conditions, wellbeing, skills and progression, and diversity and recruitment. Led by Transport for London, they needed contextual ESG data to help them assess and increase their desired social impact through their supply chain, starting with their strategic suppliers. The lack of visibility of companies in scope for key regulations made it difficult to see which suppliers needed more support to help achieve social impact objectives for the London Mayor's Office. With an annual spend of £8B, the buying leverage across procurement partners represented significant potential for good.

Solutions

TISCreport created a live custom dashboard for each procurement partner, and connected data feeds from key data sources spanning government compliance registers (UK MSA, Payment Practices, Gender Pay Gap Reporting) and softer metrics (Real Living Wage employers, social enterprise status, Welsh Government Ethical Employment in Supply Chains Code of Practice). Suppliers were quick to get onboard once their buyers invited them. They in turn are inviting tier 2 suppliers.

Ability to track metrics live, on a custom dashboard, showing impact for 80% of annual procurement spend

Data aggregated across multiple public data sources, in semi-real time (daily, weekly or monthly depending on source)

TISCreport's cross-sector community of compliance and procurement officers share in the cleaning and updating of data relating to common suppliers.

Two-way transparency with suppliers who can see their progress, incentivising a race to the top. Suppliers feel reassured that they are not on the journey alone .

Raising Standards for Fair Work

As Senior Procurement Manager, integrating TISCreport into our due diligence processes has been a game-changer. The platform’s comprehensive data and platform tools saves us over 1,500 hours annually in manual due diligence tasks. This not only translated to significant cost savings but also allowed us to focus more on strategic initiatives. TISCreport’s ability to provide detailed risk management insights from innovative use of non-financial data sources has greatly enhanced our supply chain transparency and overall ESG reporting. It’s an indispensable tool for any company committed to ethical and sustainable business practices."

Senior Procurement Manager

Finance, Commercial and Corporate Services