SAN FRANCISCO —Pacific Gas and Electric Company (PG&E) was recently inducted into the Women’s Business Enterprise (WBE) Hall of Fame for its support of supplier diversity and women’s business development. This national non-profit organization, which is in its eighth year of celebrating women-owned businesses and their advocates, named PG&E as the Corporate Leadership inductee at the annual awards program in Dallas on Nov. 29.
“Our diverse suppliers help us provide safe, reliable, affordable and clean energy to one of the most diverse customer bases of any energy company in the nation. We’re proud to have played a role in helping our suppliers, especially women-owned enterprises, grow and develop into viable entities. It’s all about working together to build a better California and a sustainable supply chain for the industry,” said PG&E Vice President of Supply Chain Management Gun Shim.
In 2015, PG&E spent a record $1.2 billion with women-owned businesses, representing an increase of $174.8 million (17.4 percent) from 2014. Over the past five years, the company’s spend with women-owned businesses has grown by $385.5 million (48 percent). PG&E’s spend with women-owned enterprises was a portion of an all-time high of $2.5 billion in spend—more than 40 percent of the company’s total spend—with diverse suppliers during 2015.
PG&E’s support of women-owned businesses has been nationally recognized. Earlier this year, the Women’s Business Enterprise National Council (WBENC) named PG&E as one of America’s top companies for women-owned businesses.
The company has also received numerous honors for its work with diverse suppliers. Among the acknowledgements PG&E has received this year include:
National Gay and Lesbian Chamber of Commerce (NGLCC): PG&E was recently named 2016 Corporation of the Year for its outstanding support and dedication to ensuring fairness and equal opportunity for LGBT suppliers, customers and employees.
National Minority Supplier Development Council (NMSDC): PG&E recently became the first local or regional enterprise to receive the Gazelle Award for its success in accelerating the growth of minority-owned businesses.
United States Hispanic Chamber of Commerce (USHCC): For the third straight year, PG&E was named to the USHCC’s “Million Dollar Club” for actively demonstrating a commitment to minority and women-owned enterprises through their work with minority suppliers.
Black Enterprise Magazine: PG&E was named by the publication as one of the 50 Best Companies for Diversity. One of the considerations was the percentage of spend with minority-owned businesses.
The Greenlining Institute: PG&E received an “A” from the organization for its 2015 supplier diversity success and having the highest spend amongst the 19 California utility companies graded by the institute.
Minority Business News USA Magazine: PG&E was named to the publication’s 2016 Corporate 101: Most Admired Companies in Supplier Diversity. The list recognized companies that drive minority business development through their commitment to supply chain responsibility.
Diversity Inc.: PG&E was named as one of the top utilities in the United States for diversity by one of the nation’s leading publications on diversity and business.