SDG&E Sets Supplier Diversity Record, Supporting Regional Economic Growth
SAN DIEGO–(BUSINESS WIRE)–San Diego Gas & Electric purchased nearly $1 billion in goods and services from various commercial businesses in 2021. More than half (56%) of SDG&E’s miscellaneous commercial spend, or $525 million, were made to local businesses in the San Diego area. And approximately 90% of SDG&E’s diverse suppliers are located in California, helping to grow California’s economy, which is currently the fifth largest in the world.
Highlights of all the various spend categories and interviews with key vendors can be found in the new SDG&E Annual Report supplier diversity report.
“Our company’s longstanding commitment to supplier diversity is stronger than ever, especially as we seek to support an equitable economic recovery from the pandemic,” said Caroline Winn, CEO of SDG&E. “This commitment reflects our customers, our employees and the communities we serve and truly enhances our ability to remain competitive while contributing to the local economy.”
SDG&E’s Supplier Diversity Program is part of its broader commitment environmental, social and governance best practices, and reflects one of the company’s core values, which is to champion people by creating opportunity through diversity, equity and inclusion.
“If more of the region’s anchors and large employers followed in SDG&E’s footsteps by adopting or expanding their supplier diversity programs, particularly focused on small, local and diverse businesses, San Diego would see a significant economic impact and a creating quality jobs,” said Mark Cafferty, president and CEO of the San Diego Regional Economic Development Corporation (EDC).
Overall, SDG&E pumped $2.4 billion into the economy last year, the highest level of spending on goods and services in the company’s 140-year history. Of that amount, $936 million went to small diversified suppliers, representing 39.1% of total spend, far exceeding the 21.5% target set by the California Public Utilities Commission (CPUC).
Various suppliers support SDG&E’s core business areas, such as construction and power and gas operations. One of the reasons for SDG&E’s success is its Ambassadors for Excellence program. More than 340 SDG&E employees play an important role in finding, training and mentoring diverse new suppliers to ensure they are competitive and able to grow into top-tier positions. The goal is to expand the program to 500 employees by the end of the year.
Here is a breakdown of SDG&E expenditures in 2021 by various activity categories:
Minority Business Enterprise: $461.2 million or 19.3%
Women’s business: $355.2 million or 14.8%
Business venture for disabled veterans: $110.3 million or 4.6%
Lesbian, gay, bisexual and transgender business enterprise: $9.3 million or 0.4%
SDG&E is an innovative San Diego-based energy company that provides clean, safe, and reliable energy to improve the lives of the people it serves in San Diego and southern Orange Counties. The company is committed to creating a sustainable future by supplying its electricity from renewable sources; upgrade gas pipelines; accelerate the adoption of electric vehicles; support many associative partners; and investing in innovative technologies to keep the region’s infrastructure running reliably for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.