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TheStreet Open House

PG&E Among Nation's Top 50 Organizations For Multicultural Business Opportunities





SAN FRANCISCO, April 26, 2013 /PRNewswire/ -- Pacific Gas and Electric Company (PG&E) has been selected as one of the "Top 50 Organizations for Multicultural Business Opportunities" for the first time by DiversityBusiness.com, the nation's leading multicultural B2B online website.

Supplier diversity leaders from PG&E and 49 other major U.S. corporations attended an award ceremony on April 25 in Las Vegas to receive the distinct honor of becoming part of the Div50. The Div50 is comprised of companies with a strong commitment to providing business opportunities to diverse business owners throughout the nation.

"The diversity practices of the Div50 has changed the course of economic inclusion and, thereby, the world as we know it," said Kenton Clarke, Chief Executive Officer of DiversityBusiness.com. "This esteemed, elite list is coveted by the most successful companies in the United States and has become the most recognized and respected in the country. PG&E and the other Div50 companies truly differentiate themselves in the market place at a time when diversity is on the rise."

According to DiversityBusiness.com, over 1,300,000 businesses were asked to answer 10 questions about diversity business in the marketplace. Their answers were based on factors such as volume, consistency and quality business opportunities granted to women and minority-owned companies.

"We are honored to receive this distinguished recognition for our strong commitment to supplier diversity," said Gun Shim, Vice President of Supply Chain Management at PG&E. "Creating opportunities for diverse suppliers helps invigorate the diverse communities we serve. It also enhances our ability to provide safe, reliable and affordable gas and electric services to the 15 million customers we serve throughout Northern and Central California."

PG&E recently announced that it achieved an all-time high of over $2 billion in spending with diverse suppliers in 2012, accounting for 38.8 percent of its total procurement budget. PG&E's total spending on minority-owned business enterprises also reached an all-time high of $1.3 billion, an increase of $262 million or 25.7 percent over 2011.

One beneficiary of PG&E's focus on diversity is RHA, Inc., a certified minority-owned business that implements and administrates energy efficiency programs for PG&E, including energy audits, home and business weatherization, customer energy education, energy training, and direct installation of energy efficiency measures.

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