Intel Editorial: Intel Doubles Commitment, Sets Goal to Spend $200 Million with Women-Owned Businesses Globally
December 03 2018 - 12:00PM
Business Wire
Reaches Previous Goal to Spend $100 million
with Women-Owned Businesses More than a Year Early
The following is an opinion editorial by Jackie Sturm of Intel
Corporation.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20181203005078/en/
Jackie Sturm is a corporate vice
president and general manager of Global Supply Management at Intel
Corporation. (Credit: Intel Corporation)
Intel recently announced achieving full
representation of women and underrepresented minorities in our
U.S. workforce two years early, but our work does not stop at our
doors. Our commitment extends beyond hiring and retention to
creating a diverse and inclusive supply chain with the companies we
do business with globally and the communities in which they
operate.
At the Global Citizen Festival in July 2017,
Intel made a commitment to spend $100 million with
women-owned businesses around the world by 2020. More than a year
ahead of schedule, we have reached the $100 million goal and are
now doubling our commitment to spend $200 million with women-owned
businesses by 2020 globally. This goal is an important element of
the 2015 commitment Intel made to increase spending with diverse
suppliers to $1 billion annually by 2020.
According to WEConnect International*, women-owned
businesses account for less than 1 percent of the vendors
contracted by large corporations. By partnering with
non-governmental organizations, such as WEConnect, we can better
identify and certify suppliers, and invest in building their
capability to manage and deliver services. This commitment is a
step to narrow the vast gap, but we can’t do it alone. We hope our
industry partners will join us in pledging to increase spending
with women-owned businesses.
We continue to actively support growth in certified, women-owned
businesses globally, like Reve Productions*, an events
management firm based in South Africa. Certification has opened
doors and enabled it to do business with Intel and other
multinational companies. Reve Productions has grown significantly
as a result. In December, we are also sponsoring the first
WEConnect conference in Japan, to support women-owned businesses
and their economic empowerment.
Intel is integrating supplier diversity throughout its
procurement processes so that diverse-owned businesses will have
greater opportunity to compete in the global marketplace. We do
this by creating more opportunity and fostering economic
empowerment for suppliers and the communities in which they
operate. In addition, this work strengthens our competitive edge
with a diverse range of suppliers.
This year, Intel's Supplier Diversity and Inclusion program
expanded to reach 20 countries with active certification programs.
We achieved $650 million in annual spending with diverse suppliers
in 2017, keeping us on track to reach our 2020 goal of $1
billion.
To see full details of our progress to date, read Intel’s most
recent Corporate Social Responsibility Report. Our 2018
progress toward all our Diversity & Inclusion goals will be
available in the next Corporate Social Responsibility Report to be
published in early 2019.
Our collective and focused efforts on diversity and inclusion
across our supply chain will result in long-term benefits that
enable economic growth and our global communities to thrive.
Jackie Sturm is a corporate vice president and general manager
of Global Supply Management at Intel Corporation.
About Intel
Intel (NASDAQ: INTC), a leader in the semiconductor industry, is
shaping the data-centric future with computing and communications
technology that is the foundation of the world’s
innovations. The company’s engineering expertise is helping
address the world’s greatest challenges as well as helping secure,
power and connect billions of devices and the infrastructure of the
smart, connected world – from the cloud to the network to the edge
and everything in between. Find more information about Intel at
newsroom.intel.com and intel.com.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
*Other names and brands may be claimed as the property of
others.
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version on businesswire.com: https://www.businesswire.com/news/home/20181203005078/en/
Patricia
Oliverio-Lauderdale408-653-5478patricia.oliverio-lauderdale@intel.com
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