PG&E Recognized for Excellence in Diverse Supplier Spend
December 13 2017 - 5:00PM
Business Wire
Pacific Gas and Electric Company (PG&E) was recognized for
supplier diversity excellence by being named to the Billion Dollar
Roundtable (BDR). The company joins an exclusive group of United
States-based corporations that have attained $1 billion or more in
certified direct diverse supplier spend. PG&E, the first
California utility to join the Roundtable, will be formally
inducted as the 28th member of the BDR during next year’s
summit.
“Over the years, PG&E has learned we’re a better company
when we seek out and enlist the help of diverse suppliers. As a
result, we can offer better service to our customers and provide
better opportunities for our communities to grow economically.
We’re very proud to be recognized for our efforts to establish a
diverse and responsible supply chain,” said Pacific Gas and
Electric Company President and Chief Operating Officer Nick
Stavropoulos.
The BDR promotes and shares best practices in supply chain
diversity excellence. BDR members review and discuss issues,
challenges and strategies related to supplier diversity as a means
to advance supply chain opportunities for corporations and diverse
suppliers.
In 2016, PG&E spent a record $2.85 billion with diverse
suppliers, accounting for 44 percent of its total procurement. For
five consecutive years, diverse suppliers have accounted for more
than $2 billion of the company’s total spend and more than 40
percent of PG&E’s total spend for four straight years.
PG&E has been committed to supporting a diverse supply chain
for the past 36 years, developing one of the leading supplier
diversity programs in the energy industry. In addition to its
billion dollar spending with diverse suppliers, PG&E enhances
the quality of its supplier diversity program through initiatives
that address key success factors for suppliers.
PG&E helps businesses become more competitive through its
technical assistance and capacity building initiatives, which
include various workshops that educate small and diverse suppliers
on how to successfully compete for utility business.
Launched in 2010, PG&E’s formal Supplier Development Program
has matched 30 diverse suppliers with PG&E senior executive
mentors. PG&E supports development of its diverse suppliers in
this program through mentorship, capacity-building scholarships,
opportunity identification and value-chain analysis.
Over the last 12 months, PG&E’s supplier diversity program
has been nationally recognized:
- Recently, PG&E received an overall
“A” grade for its 2016 supplier diversity efforts from The
Greenlining Institute.
- In May, PG&E was named as one of
the top utilities in the nation for diversity by DiversityInc.
- In March, PG&E was recognized as
one of the Top Corporations for Women’s Business Enterprises (WBEs)
by the Women’s Business Enterprise National Council (WBENC).
- 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 CompanyTony Khing, 415-973-5930
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