SAN FRANCISCO--(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.
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.