supplier diversity

From the 2021 Fifth Third Bancorp ESG Report: Supplier Diversity

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We know a diverse supply chain is better business. It’s about offering excellent financial solutions and driving innovation for the benefit of our customers, shareholders, employees and communities. We consider our supplier diversity program a strategic imperative. It was formally established in 2015 to encourage certified minority-, women-, veteran-, persons with disabilities-, and LGBT+-owned small businesses to compete for contracting opportunities and to drive innovation.

Mondelēz 2021 Snacking Made Right Report: Economic Inclusion & Supplier Diversity

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As part of our end-to-end commitment to make snacking right, we have built a global program focused on Economic Inclusion & Supplier Diversity (EISD) focused on where we can make the biggest impact. Through EISD, we are procuring more innovative, high-quality, cost- effective products and services from diverse businesses (those who are owned by person(s) identified as a minority, woman, LGBTQ+, veteran, people with disabilities, and are small businesses and/or historically underutilized businesses).

Leading Supplier Diversity Into the Future

New Supplier Diversity Director Tiffany Lovelace looks to expand Regions’ inclusive procurement efforts.
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By Kyndle Huey

What does inclusive procurement mean? For Regions, it’s a commitment to increase the number of small businesses, as well as diverse-owned businesses, into its supply chain. It means Regions is intentional in its spend with diverse suppliers – which increases competition, drives value, and generates innovation.

And now, Regions has named Tiffany Lovelace as Supplier Diversity Director, and she is looking to lead the bank’s inclusive procurement efforts into the future.

The Home Depot Joins Billion Dollar Roundtable, Continues To Expand Supplier Diversity Programs

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The Home Depot joins the Billion Dollar Roundtable Inc. (BDR), a nonprofit organization that promotes supplier diversity excellence and best practices. The BDR consists of U.S.-based corporations that spend $1 billion or more annually with minority and woman-owned suppliers.

Fifth Third Bank Hosts Sixth Supplier Diversity Summit To Educate and Connect Diverse Suppliers

Press Release

CINCINNATI, August 10, 2022 /3BL Media/ - Fifth Third Bank today hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore innovative best practices, as well as connect with Fifth Third representatives and other corporate and community partners.

The summit, the first since the outbreak of the pandemic, gathered more than 150 individuals representing 75 companies from 15 states, connecting the supplier diversity ecosystems to strategic business opportunities, increasing 1st and 2nd tier spending for corporations attending.

DICK'S Sporting Goods Supports Supplier Diversity by Offering Early Payments

Press Release

PITTSBURGH, August 4, 2022 /3BL Media/ - DICK'S Sporting Goods announced it's partnering with C2FO, the world's largest platform for working capital, to support the long-term success of diverse-owned and operated businesses by providing easy, transparent, affordable access to capital through early payments on approved invoices.

How Cisco Is Pursuing Social Justice Through Supplier Diversity

By Stacey Faucett
Summary: 

This post is guest authored by Bryan Wiggins, Supplier Diversity Leader, Global Procurement Services at Cisco. He is an Execution Owner of Cisco’s Social Justice Action 7, Supplier Engagement. Bryan has a nearly 20-year career with Cisco and is a US Army Veteran.

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This post is guest authored by Bryan Wiggins, Supplier Diversity Leader, Global Procurement Services at Cisco. He is an Execution Owner of Cisco’s Social Justice Action 7, Supplier Engagement. Bryan has a nearly 20-year career with Cisco and is a US Army Veteran.

How Hershey Is Increasing Supplier Diversity and Building a Better Business for All

As part of our holistic diversity, equity and inclusion strategy, The Pathways Project, supplier diversity is key to delivering our Pathways to Join pillar and driving a wider range of perspectives.
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Bethany Fitzgerald, Director, Responsible Sourcing & Katie Morison, Manager, Responsible Sourcing

Key Takeaways:

From the Fifth Third Bancorp 2020 ESG Report: Bold Goals for Inclusion & Diversity

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In its 2020 Environmental, Social and Governance Report, Fifth Third highlighted its six bold goals for Inclusion & Diversity. The goals, to be achieved by 2025, support inclusion and diversity throughout the company’s workforce and among its suppliers:

Rockwell Automation Strengthens Relationships With Diverse Suppliers

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In 2020, Rockwell Automation spent $255 million with diverse suppliers, including small, veteran, minority, women and LGBTQ-owned U.S. enterprises. In support of the company’s supplier diversity strategy of Acquire, Grow and Expand, Rockwell started a new relationship in October 2020 with Magno International, a Latino-owned logistics and supply chain firm. Founded by U.S. Army veteran Raul Pedraza in 1997, Magno focuses on providing services for Fortune 500 companies, government and private companies.

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