Affiliates, Partners & Programs
Why Is Business Diversity Important?
A common misconception is that diversity is a quota system or social program designed to benefit selected groups while adding little to no value to the bottom-line. The fact is that a competitive advantage exists, as progressive organizations who have already implemented an effective strategy have realized. Business diversity is beneficial to all stakeholders, not just to the companies with programs. Business diversity programs help foster jobs and economic activity in under-represented segments of the business and customer community. Inclusive procurement practices provide opportunities for diverse businesses, that in turn provide greater representation, employment, and economic advancement for minority, women, veteran, small business concerns, and LGBT communities.
The Commitment to Business Diversity benefits the energy industry by:
- Promoting innovation through the entrance of new products, services, and solutions
- Providing multiple channels to procure goods and services.
- Showcasing a company’s commitment to the economic growth of all communities
Business Diversity Company Profiles
Supplier Diversity Classifications and Definitions
EEI Annual Business Diversity Conference
The Business Diversity Conference, through the use of panels and other forums, outlines public policy trends in the industry and discusses how they impact energy operations including business diversity programs and business opportunities for suppliers. In addition to public policy discussions, EEI holds business diversity-specific breakout sessions. A segment of the conference is dedicated to connecting suppliers and the energy industry for brief one-on-one meetings. Suppliers are able to schedule appointments with energy companies to pitch their business capabilities.
EEI Business Diversity Best Practices Meeting
The Best Practices meeting is a workshop for energy industry members working in supply chain, supplier diversity, procurement, and other associated areas. Traditionally during this meeting representatives from the Small Business Administration (SBA) and the General Services Administration (GSA) update participants on new government regulations and reporting requirements. Additionally, energy industry members share best practices and provide feedback regarding major topics of interest.
Business Diversity Executive Advisory Committee
EEI Economic Impact Study on Supplier Diversity Initiatives
This study presents a quantitative snapshot of the aggregated economic benefits derived from the business diversity initiatives of EEI’s members and industry partners. Detailed examination of economic impact data and findings fortify the supplier diversity business case, corroborate return on investment, and underscore the favorable economic ripple effects of spending with diverse suppliers. These results are pivotal and align with the industry’s social responsibility commitments and core values.
Growing Communities through Supplier Diversity: An Economic Impact Study on Supplier Diversity Initiative (2019 data)