California American Water Spends More Than $42 Million With Diverse Businesses In 2020
April 12 2021 - 6:30AM
Business Wire
Spend represents nearly 40 percent of company’s
total expenditures
California American Water met and exceeded its
diverse supplier goal for 2020, by doing nearly 40 percent or $42
million of its business with minority, women, LGBTQ+ and/or
disabled veteran-owned businesses during the year.
The California Public Utilities Commission current diverse
business spend goal for regulated is 21.5 percent annually.
California American Water far exceeded this goal and has become a
state leader in this important endeavor.
“We’ve long maintained that our employees should reflect the
communities we serve,” California American Water President Rich
Svindland said. “We also believe this to be true of those who we do
business with. I am very proud of our team. We are now doing nearly
40 percent of our spending with diverse members of our community,
which is an important piece of the solution in rectify past
disenfranchisement.”
California American Water has made doing business with diverse
suppliers one of its core missions. Every year the company conducts
extensive outreach campaigns to local, state and national
businesses to ensure they are properly registered as a diverse
enterprise in California. The company also works with these
businesses to ensure they have visibility in the candidate pools
utilities consult when looking to hire contractors and other
third-party businesses.
California American Water also holds an annual diverse supplier
conference and showcase which brings together the company’s
business managers as well as its major contractors with diverse
vendors to be interviewed, to collaborate and to demonstrate their
goods and services.
“To achieve 40-percent diverse spend comes only after years of
hard work and committed outreach,” said California American Water’s
Business Performance Director Ed Simon, who heads up the company’s
diverse supplier mission. “But the payoff of seeing the difference
being made in the communities we serve makes it all worth it.”
Some highlights from the company’s 2020 campaign include.
- The company added 27 new diverse suppliers and spending with
new suppliers that exceeded $2 million.
- The company’s inaugural Partnering Forward to Success Program
resulted in prime suppliers spending more than $5 million with
diverse subcontractors.
- The company now has 24 Master Service Agreements with diverse
suppliers.
- The company added an additional diverse supplier to its vendors
with spend greater than $100,000. Two of the larger spend vendors
were diverse and had combined revenues topping $13 million.
California American Water is looking to capitalize on last
year’s success and to continue to serve as a leader in this
important mission.
About California American Water: California American
Water, a subsidiary of American Water (NYSE: AWK), provides
high-quality and reliable water and/or wastewater services to more
than 880,000 California residents. Information regarding California
American Water’s service areas can be found on the company’s
website www.californiaamwater.com.
About American Water: With a history dating back to 1886,
American Water is the largest and most geographically diverse U.S.
publicly traded water and wastewater utility company. The company
employs more than 7,000 dedicated professionals who provide
regulated and market-based drinking water, wastewater and other
related services to 15 million people in 46 states. American Water
provides safe, clean, affordable and reliable water services to our
customers to help make sure we keep their lives flowing. For more
information, visit amwater.com and follow American Water on
Twitter, Facebook and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20210412005381/en/
Kevin Tilden Director of External Affairs Phone: (619) 206-8099
Email: kevin.tilden@amwater.com
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