PG&E Recognized by the United States Hispanic Chamber of Commerce for Diverse Spend for Third Straight Year
October 20 2016 - 3:00PM
Business Wire
Pacific Gas and Electric Company (PG&E) was named to the
United States Hispanic Chamber of Commerce’s (USHCC) “Million
Dollar Club” for the third consecutive year. The company, which was
ranked as one of the top 10 in the United States on the list, was
recently honored for spending a record $602.4 million with
Hispanic-owned businesses in 2015. PG&E received the Million
Dollar Club recognition during the USHCC’s national convention in
Miami.
The Million Dollar Club was established to recognize
corporations that actively demonstrate a commitment to minority and
women-owned enterprises through their work with minority suppliers.
The 2016 honorees invested a minimum of $25 million to more than $1
billion in Hispanic-owned businesses.
“Over the last three decades, PG&E has concentrated on
working with suppliers that reflect the diversity of the
communities we serve. Our efforts, including those within the
Hispanic community, have helped numerous businesses succeed while
bolstering local economies. We’re very proud to have received this
recognition from the USHCC,” said Gun Shim, PG&E vice president
of supply chain management.
PG&E has spent more than $2 billion with diverse suppliers
for four consecutive years. The company’s $2.5 billion spend in
2015 not only established a record, it accounted for more than 40
percent of PG&E’s total spend for the third year in a row.
PG&E has also surpassed the California Public Utilities
Commission’s diverse spending goal of 21.5 percent for 10 straight
years.
In the last seven years, PG&E’s total spend with
Hispanic-owned businesses has increased 74 percent ($602,412,037 in
2015 from $256,408,228 in 2010). In that same period, spend with
Hispanic male-owned enterprises has gone up 70 percent
($459,323,606 from $189,869,798) and Hispanic female-owned
enterprises spend has seen an 87 percent rise ($143,088,431 from
$66,538,430).
Over the last 12 months, PG&E’s efforts in supplier
diversity have received regional and national recognition. In
September, The Greenlining Institute gave the company an “A” in its
annual Supplier Diversity Report Card while praising PG&E’s
supplier diversity success. Greenlining’s report commended
PG&E’s Supplier Development Program and the company’s work in
improving supplier capacity.
In August, Minority Business News USA Magazine named PG&E to
its 2016 Corporate 101: Most Admired Companies in Supplier
Diversity. Earlier this year, the Women’s Business Enterprise
National Council recognized PG&E as one of America’s top
corporations for women-owned businesses.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric utilities in the United States. Based in San
Francisco, with more than 20,000 employees, the company delivers
some of the nation’s cleanest energy to nearly 16 million people in
Northern and Central California. For more information, visit
www.pge.com/ and
www.pge.com/en/about/newsroom/index.page.
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Pacific Gas and Electric CompanyTony Khing, 915-973-5930
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