Exelon has named 11 banks, insurance companies and professional services organizations to its annual diversity and inclusion “honor roll” for demonstrating their dedication to these values. Now in its fourth year, the program is part of Exelon’s effort to promote diversity and inclusion among the firms that provide critical services to the company’s finance organization. This year’s honorees are:
- Banks: BNP Paribas, Citibank, J.P. Morgan, Mitsubishi UFG and Northern Trust Company
- Insurance firms: AEGIS Insurance Services, Inc. and Beecher Carlson
- Professional services organizations: Deloitte & Touche LLP, Ernst & Young LLP, PricewaterhouseCoopers LLP and Towers Watson
The program continues to facilitate improvements at the companies with which Exelon works. Since the program’s inception in 2010, total representation by women at banks has increased by 10 percent and minority representation has increased by 15 percent. In their second year in the program, all participating insurance firms saw a 16 percent increase in representation by women within the leadership of the teams that cover Exelon-related work. From 2012 to 2013, minority representation on the same leadership teams increased by 75 percent.This year, Exelon named two participating insurance firms, Aon Hewitt and Marsh, and two participating banks, Credit Agricole and Sumitomo, as “most improved” for achieving the most progress in their diversity and inclusion performance from 2012 to 2013. Exelon has initiated several programs that help ensure partnership with financial institutions that share its commitment to diversity and inclusion. The company established a $123 million credit facility with 31 minority and community banks in its key territories in Illinois, Pennsylvania, Maryland and New Jersey in 2013 – the eleventh year Exelon has made such an arrangement. Exelon also engages diverse suppliers, spending more than $906 million with certified minority and women-owned businesses in 2013. Exelon Corporation (NYSE: EXC) is the nation’s leading competitive energy provider, with 2013 revenues of approximately $24.9 billion. Headquartered in Chicago, Exelon has operations and business activities in 47 states, the District of Columbia and Canada. Exelon is one of the largest competitive U.S. power generators, with approximately 35,000 megawatts of owned capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 100,000 business and public sector customers and approximately 1 million residential customers. Exelon’s utilities deliver electricity and natural gas to more than 7.8 million customers in central Maryland (BGE), northern Illinois (ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on Twitter @Exelon.