San Francisco, CA -- Pacific Gasand Electric Company (PG&E) this week announced that it spent a record$2.85 billion with diverse suppliers in 2016, accounting for 44 percent of itstotal procurement. For the fifth straight year, diverse suppliers accounted for$2 billion-plus of the company’s spend and more than 40 percent of PG&E’stotal spend for the fourth consecutive year.
In addition, PG&E eclipsed the CaliforniaPublic Utilities Commission’s (CPUC) diverse spending goal of 21.5 percent forthe 11th year in a row.
“For PG&E to effectively meet the needs of ourcustomers in today’s evolving energy landscape, more than ever we need to workwith our diverse suppliers to build a better California together. We’re all inwhen it comes to building on the 36 years of success of our supplier diversityprogram,” said Pacific Gas and Electric Company President and Chief OperatingOfficer Nick Stavropoulos.
In 2016, PG&E achieved new spending records inthe following reporting categories:
CATEGORY 2015 2016 INCREASEFROM 2015
Minority Business Enterprise(MBE) $1.591B $1.828B $237.6M/13 percent
Women Business Enterprise(WBE) $723.1M $797.7M $74.6M/9 percent
Service Disabled Veteran(DVBE) $154.6M $223.8M $69.2M/31 percent
Over the last 36 years, PG&E has been committedto supporting a diverse supply chain. The company has developed one of theleading supplier diversity programs in the energy industry.
In addition to maintaining high levels of spendwith diverse suppliers, PG&E has focused on elevating the quality of itssupplier diversity program by addressing key success factors for suppliers.
For example, PG&E has held multiple workshopsthroughout the year to educate small and diverse businesses on how to competefor utility business. PG&E’s technical assistance and capacity building initiatives havehelped businesses become more competitive.
The company has actively supported the developmentof its diverse suppliers through mentorship, scholarships, opportunityidentification and value chain analysis. In addition, PG&E’s Supplier Development Program has matched 30 diversesuppliers with PG&E senior executive mentors.
PG&E’s Supply Chain Responsibility website contains moreinformation about the program. The site also provides details on how to becomea certified diverse supplier.
In 2016, PG&E received numerous nationalaccolades for its supplier diversity efforts:
·The company received an ‘A’ for its work in 2015from the nationally-known Greenlining Institute, an organization dedicated to racial andeconomic justice.
·The enterprise was named as the Corporation of theYear by the National Gay and Lesbian Chamber of Commerce for itssupport and dedication to ensuring fairness and equal opportunity for LGBTsuppliers, customers and employees.
·For the third consecutive year, PG&E was namedto the United States Hispanic Chamber of Commerce’s Million Dollar Club? forits spend with Hispanic-owned businesses in 2015.
·PG&E was inducted into the Women’s Business Enterprise Hall of Fame for its support ofsupplier diversity and women’s business development.
·The company received the Gazelle Award from the National Minority Supplier Development Council foraccelerating the growth of minority-owned business.
Pacific Gas andElectric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largestcombined natural gas and electric utilities in the United States. Based in SanFrancisco, with more than 20,000 employees, the company delivers some of thenation’s cleanest energy to nearly 16 million people in Northern and CentralCalifornia. For more information, visit www.pge.com/and www.pge.com/en/about/newsroom/index.page.