For Immediate Release
WASHINGTON, D.C. (May 9, 2018) – In 2017, Pepco purchased $171 million in goods and services from diversity-certified suppliers which is 28 percent of the company's total yearly purchases. This is an increase of $59 million over the amount spent in 2016.
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."
In 2016, Pepco established "Target 25" 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.
Last year, in recognition of Pepco's support of diversity-certified suppliers, the company was named "Corporation of the Year" by the Capital Region Minority Supplier Diversity Council (CRMSDC).
Companies interested in working with Exelon can register with the company and include pertinent information, including their diversity status, at http://www.exeloncorp.com/suppliers.
Find additional information about Pepco by visiting www.pepco.com. Follow us on Facebook at www.facebook.com/pepcoconnect and on Twitter at www.twitter.com/pepcoconnect. Our mobile app is available at www.pepco.com/mobileapp.
About Pepco: Pepco, a public utility owned by Exelon Corporation (NYSE: EXC), provides safe and reliable energy to more than 842,000 electric delivery customers in Maryland and the District of Columbia.