Description: Track the diversity of your suppliers by identity group. Participation in the Initiative demonstrates added value on the part of our prime suppliers. We make some of the world’s best-known brands – all are on a journey to reducing their environmental footprint and increasing their positive social impact. A Supplier Diversity program is a proactive business program which encourages the use of minority-owned, women owned, veteran owned, LGBT-owned , service disabled veteran owned, historically underutilized business, and Small Business Administration (SBA)-defined small business concerns as suppliers.

Suppliers participating in the Second-Tier Initiative will be requested to report information and data on their specific use of small and diverse suppliers. Our aim is to build forums for new business innovations, drive a healthy competitive landscape, and foster unique partnerships with various businesses through our supplier diversity program. By doing the right thing, prioritizing and engaging diverse suppliers, we are rewarded with innovation, strategic partnership and agile partners that go above and beyond to help us achieve our company’s objectives.

At Unilever we have ambitious plans to grow our business while reducing our overall environmental footprint and increasing our positive social impact, effective partnering with our suppliers is a necessary ingredient for Unilever to achieve sustainable and profitable growth.

It’s extremely important to collaborate with your leadership team and other internal stakeholders early-on. Don’t forget to promote the supplier diversity program on your public website as well. If your company qualifies, the certifying agency will issue you a printed certificate to verify your diversity status. 5 – Monitor and act on your supplier diversity program. Calculate diverse spend based on the established targets on an annual basis to see if progress is being made, and make adjustments to the program as needed. Collaborating with external partners and key business players to ensure that we are supporting avenues and forums that allow the topic of diversity and inclusion to thrive. We are committed to working with suppliers that share our values and seek to develop diversity of thoughts, practice, and business”, California Transparency in Supply Chain Act. Certification of your company helps to ensure the integrity of Visa's Supplier Diversity Program and reporting.The certification process typically involves completing an application and providing written documentation, and may include allowing the certifying agency to conduct a site visit. Explore our latest news and stories covering innovation, our people, sustainability, marketing and more…. Once you run your sourcing events and develop new relationships with your suppliers, you’ll want to create supplier scorecards to collect valuable supplier data to improve your relationships, reduce risks, and achieve the corporate goals.

Having a formal supplier diversity program is a key characteristics of industry leaders. Participation in the Initiative demonstrates added value on the part of our prime suppliers.

University Policy 05-02-15 requires the use of University-wide contracted suppliers, when available, for the product being purchased. Business that meets "small" ownership criteria and Small Business Size Standard for its industry, as defined by the Small Business Administration (SBA). Below you can find links to resources that explain our sustainability and diversity and inclusion principles and the mutual responsibilities that Unilever and our suppliers have to enable us to grow with each other sustainably. You also will have to conduct internal staff training on the policies and expectations for the new supplier diversity program. Share key supplier diversity metrics and milestones in company meetings, newsletters, and even videos or podcasts (when applicable) to inspire the company about all the benefits of the program.

A person who is an American Indian, Eskimo, Aleut or Native Hawaiian, and regarded as such by the community of which the person claims to be a part. Brazilians (Afro-Brazilian, indigenous/ Indian only) shall be listed under Hispanic designation for review and certification purposes. Connecting with diverse suppliers requires a team effort to implement and maintain an effective program that will benefit all parties involved. We strongly encourage our prime suppliers to participate in our Supplier Diversity Program by establishing relationships with, and committing a percentage of expenditures to, diverse suppliers. - Mariko Sola, Vice President, Global Strategic Sourcing. In order for a diversity and inclusion program to succeed, HR professionals need to secure buy-in from senior management. And 6.6% of the new vendors we added in 2018 were small and/or minority-owned vendors. Pingback: Spend Analysis v. Spend Intelligence: 4 Questions to Ask As a Procurement Team | E-Sourcing Forum, Pingback: Is Your Supplier Management Strategy Inclusive? Our Supplier Diversity Program provides qualified small and diverse suppliers with a pathway to become an official supplier of products and/or services to Visa. You need visibility into what your suppliers’ suppliers are doing and how they are performing. Investing in Supplier Diversity makes good business sense for Visa, and partnering with suppliers who represent our consumers makes me proud to work for this company. Strength: Helpful for ascertaining whether your commitment to diversity and inclusion extends outside your business to the marketplace.

Organizations undertake a proactive program to partner with businesses that are owned by and otherwise reflect a broad demographic.

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