LOS ANGELES /PRNewswire/ — Southern California Gas Co. (SoCalGas) achieved a record year in 2014 with 48.4 percent of its contracting budget going to woman, minority, and service-disabled veteran-owned business enterprises. Over the years, SoCalGas has steadily increased its procurement with diverse suppliers and is seen as a national industry leader.
“We have long known that our supplier diversity activities bring economic benefits to not only our suppliers, but also to the regional economies where they do business,” said Dennis Arriola, president and CEO of SoCalGas. “At SoCalGas, supplier diversity isn’t just a program or a department. It is an integral part of our strategy, our commitment to diversity in action and a smart and effective way to run our business.”
As a result of SoCalGas’ efforts, spending last year reached a total of $571.4 million with diverse firms or 48.4 percent of the company’s total procurement. Diverse suppliers provide SoCalGas with everything from meters to pipes to information technology to advertising solutions to financial investment advice.
One example of a diverse supplier is Loop Capital Markets, an African American-owned, full-service investment bank, brokerage and advisory firm. It was one of four companies selected to work on the utility’s $250 million, 30-year bond deal. Working with SoCalGas, Loop Capital Markets has seen firsthand the company’s commitment to supplier diversity.
“We’ve heard their executives talk about supplier diversity and how it’s part of their DNA. That’s been really clear from the interactions we’ve had,” said Sidney Dillard, partner, Corporate Investment Banking at Loop Capital Markets.
SoCalGas was recognized last year for its efforts with supplier diversity and won numerous awards from a variety of organizations including: Asian Business Association of Los Angeles, Elite Service Disabled Veteran Owned Business of Los Angeles, Greater Los Angeles African American Chamber of Commerce, National Latina Women Business Association, Southern California Minority Supplier Development Council, and U.S. Hispanic Chamber of Commerce.
SoCalGas’ commitment to diversity extends beyond its diverse suppliers to its workforce and the communities it serves as well. Last year, SoCalGas donated more than $4.8 million and thousands of volunteer hours to the more than 500 communities it serves, benefitting underserved community groups in African American, Hispanic, Pacific Asian, Asian Indian and Native American communities. And SoCalGas’ commitment doesn’t stop there. Its diverse workforce of more than 8,300 employees includes 65 percent minorities.
Birmingham Business Journal
Birmingham, July 9, 2015 / The Birmingham Civil Rights Institute and Skye Connect Inc. are partnering on a supplier diversity training event on July 15.
The training, which will focus on new metrics and strategies for supplier diversity, will be led by Alice Gordon, CEO of Sky Connect and Layle McKelvey, supplier diversity manager for United Airlines.
The training will demonstrate how supplier diversity can improve innovation, drive technology enhancements and lower costs in both the service and manufacturing industry. Gordon formerly led the supplier diversity efforts at Alabama Power Co., which has nearly 2,000 diverse vendors and millions in spending with diverse companies.
Registered attendees will also have a chance to learn how to do business with United Airlines.
The target audience is supplier diversity managers, human resource professionals, sourcing agents, procurement managers and others.
IRVING, Texas, Jul 09, 2015 (BUSINESS WIRE) — Novation, the nation’s largest health care services company, was recently recognized by U.S. Veterans Magazine on its annual “Best of the Best” list for Supplier Diversity Programs. The magazine polled hundreds of Fortune 1,000 companies to arrive at this nonbiased list of organizations that offer the best opportunities for veterans, transitioning service members, disabled veterans, spouses and veteran business owners.
The annual list serves to give guidance and current information to readers with the goal of spurring more active outreach and diversity policies among government agencies and corporate entities. Study results are valuable to jobseekers, business owners, students, consumers and managers.
“Novation has a strong and ongoing commitment to encouraging and supporting diverse suppliers,” said Cathy Denning, Novation’s senior vice president of sourcing operations. “This recognition by U.S. Veterans Magazine is a testament to our belief that diverse suppliers are of crucial importance to a successful supply chain process. Through our Supplier Diversity Program, we will continue to foster relationships between large and diverse suppliers.”
Since its inception in 1999, Novation’s Supplier Diversity Programhas worked with Minority, Women, Veteran, and Small Business Enterprises by providing support and networking opportunities that raises their visibility and helps them connect with prospective customers. In 2014, alliance members and affiliates served by Novation purchased approximately $1.1 billion in goods and services directly from small and diverse suppliers. In addition, Tier II (subcontractor) spend with diverse suppliers was approximately $1 billion in 2014.
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