WASHINGTON, D.C. (November 3,
2017) – Pepco has been named 2017 “Corporation of
the Year” by the Capital Region Minority Supplier Diversity Council (CRMDC) in recognition of the company’s support
of diverse certified suppliers. Pepco, and its parent company, Exelon have long
prioritized the development and expansion of business relationships with local diverse
suppliers and vendors.
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. The award also recognizes Pepco’s efforts to expand the
overall number and variety of diverse certified suppliers in the company’s procurement
Earlier this year, Exelon became the first energy company to
join the Billion Dollar Roundtable, an exclusive group of corporations that
have achieved $1 billion or more in annual, direct spending with minority and
women-owned businesses. Over the last seven years, Exelon has spent close to $6
billion with diverse businesses, including $2 billion in 2016.
"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, 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."
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, 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.”
In 2016, in an effort to expand its procurement program to
include a wider array of under-represented companies, Pepco established “Target
25,” a diverse supplier development initiative that provides executives of
potential vendors insight into Pepco’s processes, and an opportunity to learn
more about becoming a supplier of Pepco, and its parent company, Exelon.
Exelon believes in creating access and opportunity for
certified women-owned businesses, minority-owned businesses and other
businesses with recognized diversity classifications. This week, Atlantic City
Electric, another Exelon company, was also recognized for efforts to support
diverse businesses, receiving the Economic Impact Award from the New Jersey
Board of Public Utilities Supplier Diversity
Development Council (SDDC). In 2016, Atlantic City Electric increased
its spending with MBEs by nearly 400 percent.
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