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| Small and Diverse Business Spending | $2 billion |
|---|---|
| Minority-owned | Not Reported |
| Woman-owned | Not Reported |
| Veteran-owned | Not Reported |
| LGBT+ -owned | Not Reported |
| Disabled Person-owned | Not Reported |
A member of the Billion Dollar Roundtable
P&G has a 44-year-old Supplier Diversity Program. Over the past 12 years, P&G has spent more than $2 billion dollars annually with minority, women, LGBTQ+, Veteran & Disability-owned businesses. This commitment helped P&G earn a seat at the exclusive Billion Dollar Roundtable.
After starting the supplier diversity program in 1976, a tier 2 program was added two decades later. P&G encourages and helps prime suppliers to include diverse suppliers in their own supply chain and then report their spend back to P&G.
In the past 4 decades P&G gained exponential value from its supplier diversity program and observed that “ a diverse supply network will out-think, out-innovate, and out–perform a non-diverse supply network.” They went on to say that diverse suppliers are more agile, responsive, innovative amongst other impactful qualities.
One thing that P&G supplier diversity portals do not get into are details pertaining to educational, networking, and mentorship initiatives which are used in the company’s efforts to economically empower diverse suppliers.
When our supplier ecosystem reflects the diversity of our consumers, our business grows and the communities in which we live and operate thrive.
Supplier inclusion in our Citizenship work is a clear business imperative because:
• Diverse teams are more innovative than homogeneous teams.
• Suppliers with diverse workforces outperform non-diverse suppliers in our formal Supplier Performance Development Process surveys.
• Our strong supplier diversity program delivers value to our key retail customers.
• Building economic equality in our supply chain leads to increased loyalty and purchase power with the consumers we strive to serve.
At least 51% owned, controlled AND operated by one or more members of a diverse group:
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