March 4, 2013
/PRNewswire/ -- Pacific Gas and Electric Company (PG&E) today announced that it spent more than
with diverse suppliers in 2012—a record high for the company—accounting for 38.5 percent of its total procurement budget. The total was twice what the utility spent on diverse suppliers in 2010.
"In 2012, we reached a tremendous milestone in our commitment to the full participation of diverse businesses as suppliers to PG&E," said
, president of PG&E. "Through our work to deliver safe, reliable and affordable gas and electric service to our customers, we are supporting economic development, job creation and diversity in the communities where our customers live and work."
PG&E has been committed to diversity and inclusion for more than three decades. The company has developed one of the state's leading supplier diversity programs, which culminated in a decade-long trend of consecutive year-over-year growth in diverse spending.
"PG&E truly understands the value of supplier diversity," said
, chairman of the
Elite SDVOB Network
. "Representing the most diverse group in the nation, Elite SDVOB is delighted to partner with PG&E to further promote and support the advancement and development of diverse-owned businesses."
"We appreciate all of PG&E's ongoing efforts to invest in the communities they serve," said
, president of
American Indian Chamber of Commerce of California
. "PG&E's Supplier Diversity Program has assisted our Native businesses with capacity building workshops and real opportunities fostering mutual success and sustainable growth."
PG&E partners with diverse suppliers in part to generate innovation and increase competition while contributing to their revenue growth. The utility plays a significant role by providing small businesses with technical assistance training. With the emergence of new technologies in the utility industry, PG&E is also focused on helping diverse suppliers prepare to compete in a changing supply chain.