Since 2016, Pepco has increased the purchase of goods and services from diversity-certified suppliers by more than $59 million. This includes the 28 percent increase in goods and services Pepco bought last year. At that time, the company was named “Corporation of the Year” by the Capital Region Minority Supplier Diversity Council.
For Pepco and its parent company Exelon, diversity and inclusion is one of the core foundational values both in the workplace and in outreach to the people it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching $2 billion in 2017.
“We are very proud of our commitment to diversity and inclusion,” said Dave Velazquez, president and CEO, Pepco Holdings. “Year in and year out, we hire local and diversity-certified businesses owned by women, veterans, service-disabled veterans, and minorities because when we do, their wide range of perspectives, experiences and expertise help make our company and our employees better at meeting the needs of our customers.”
Pepco established “Target 25” two years ago to expand the company’s procurement efforts to include a wider array of under-represented companies. “Target 25” provides diversity-certified vendors an opportunity to learn more about Pepco’s processes, as well as its parent company Exelon, advancing the growth and development of each vendor’s relationship with the energy company.