Pepco has been named 2017 Corporation of the Year by the Capital Region Minority Supplier Diversity Council, in recognition of its support of diverse certified suppliers.
Pepco and parent company Exelon said both have long prioritized the development and expansion of business relationships with local diverse suppliers and vendors.
“Being named Corporation of the Year is a tremendous honor for everyone who works at Pepco and a tribute to our entire team’s belief that diversity is a source of strength, among our workforce, our external partners and the communities we serve,” said David Velazquez, president and CEO of Pepco Holdings. “This award speaks to the character of Pepco and its people, and to our understanding that when we hire diverse, local suppliers, our company is better able to do its job and deliver safe, reliable and affordable energy to all of our customers.”
The award also recognizes Pepco’s efforts to expand the overall number and variety of diverse certified suppliers in the company’s procurement program. Pepco’s purchase of goods and services from diverse certified suppliers topped $112 million in 2016, an increase of 43 percent over the previous year.
As a mid-Atlantic regional division of the National Minority Supplier Development Council, the CRMDC has been a consistent collaborator with Pepco since the chapter formed in 1945.
“Pepco’s supplier diversity program is superlative,” said Sharon Pinder, president and CEO of the Capital Region Minority Supplier Development Council. “The company provides many lucrative opportunities for our minority suppliers. We are so pleased to recognize them as Corporation of the Year. It is an extremely well-deserved honor.”