Assessment of the Social Dimension of Sustainable Procurement Management Adoption in Large Commercial Banks in Kenya

Abstract

Sustainable procurement management has emerged as one of the major key areas for companies to gain a competitive advantage and, at the same time, increase their market share. In Kenya, the banking industry continues to face enormous challenges, such as rising non-performing loans, stiff competition, the cap on interest rates, and ever-evolving technology. This study sought to assess the social dimension of sustainable procurement management adopted in large commercial banks in Kenya. The study adopted an exploratory research design using qualitative approaches. The target population comprised the procurement and corporate affairs officers in the large commercial banks in Kenya. Purposive sampling was used to target the respondents. The study used interviews to collect primary data, and secondary data were collected by reviewing banks' reports, websites, and the central bank's reports. The findings revealed that the selected banks have adopted socially sustainable procurement practices at different levels. The study concluded that the banks have adopted the social dimensions of sustainable procurement practices.