PG&E Receives an “A” for Supplier Diversity From Greenlining Institute
December 07 2017 - 2:30PM
Business Wire
Pacific Gas and Electric Co. (PG&E) received an overall “A”
grade for its 2016 supplier diversity accomplishments from The
Greenlining Institute. This is the second consecutive year the
energy company achieved top marks in Greenlining’s recently
released 2017 Supplier Diversity Report Card.
“We very much value the insights in Greenlining Institute’s
annual report card and the group’s advocacy of supplier diversity.
PG&E recognizes that diverse suppliers are essential partners
in helping us improve the services we provide to our customers.
Their expertise and innovation are key to helping us build
California’s energy network of tomorrow. At the same time, working
with diverse suppliers increases economic opportunities in our
local communities,” said Pacific Gas and Electric Company President
and Chief Operating Officer Nick Stavropoulos.
Annual grades for supplier diversity performance by California’s
utility, telecommunications and water companies are issued by the
Oakland, Calif.-based policy, research, organizing and leadership
coalition that works for racial and economic justice.
In its report card, Greenlining said, “PG&E continues to
lead the utilities in supplier diversity in both performance and
dedication to its program.” Out of the four California energy
companies included in the report, PG&E’s 2016 diverse spend of
$2.85 billion was the highest. Greenlining noted PG&E has
“increased procurement in almost every reporting category between
2015 and 2016.”
Greenlining also gave PG&E an “A” grade for its spend with
minority women and service-disabled veteran business enterprises.
In addition, PG&E received an “A-” grade for its spend with all
minority business enterprises.
Greenlining’s report card scored companies on their supplier
diversity performance in California. The organization took three
factors into consideration in giving PG&E its “A” grade:
- PERFORMANCE AND PROGRESS: A
letter grade is assigned for each category of diverse spend based
on a company’s performance relative to its peers in “legacy”
utilities such as energy, cable, telephone and wireless
companies.
- INFRASTRUCTURE AND INVESTMENT:
This factor gauges a company’s commitment to supplier diversity.
Among the considerations: when a supplier diversity program was
implemented and its five-year track record. PG&E’s diverse
supplier spend has been at least $2 billion since 2012.
- NUMBER OF SUPPLIERS ENGAGED:
Greenlining’s analysis includes, but doesn’t grade, the company’s
number of diverse suppliers. The number of suppliers provides
context for how dollars—and opportunities—are distributed amongst
suppliers. In 2016, PG&E worked with more diverse suppliers
(978) as direct suppliers and subcontractors than the other three
energy utility companies.
PG&E has been committed to supporting a diverse supply chain
for 36 years while developing one of the state’s leading supplier
diversity programs. In 2016, PG&E spent a record $2.85 billion
with diverse suppliers, accounting for 44 percent of its total
procurement budget.
Over the last 12 months, PG&E’s supplier diversity program
has been nationally recognized:
- In May, PG&E was named as one of
the top utilities in the nation for diversity by DiversityInc.
- Last December, PG&E was inducted
into the Women’s Business Enterprise Hall of Fame for its support
of supplier diversity and women’s business development.
- Last December, PG&E was named
Corporation of the Year by the National Gay and Lesbian Chamber of
Commerce for its outstanding support and dedication to ensuring
fairness and equal opportunity for LGBT suppliers, customers and
employees.
PG&E’s Supplier Diversity website contains more information
about the program. The site also provides details on how to become
a certified diverse supplier.
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 energy companies 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 Co.Media Relations, 415-973-5930
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