By Tony Khing
For the second consecutive year, PG&E was honored for its commitment to investing money with Hispanic-owned businesses.
The utility recently was named to the U.S. Hispanic Chamber of Commerce’s “Million Dollar Club” for spending $477 million with Hispanic-owned businesses in 2014.
“Our many business partnerships, including those in the Hispanic community, have helped these enterprises to grow, hire and strengthen California’s economy,” said Gun Shim, PG&E vice president of supply chain management. “These relationships not only reflect our diverse customer base, but also help us work together in building a better California to deliver safe, reliable, affordable and clean energy.”
PG&E has spent more than $2 billion with diverse suppliers for three consecutive years. In fact, diverse suppliers have accounted for more than 40 percent of the utility’s total spend for two straight years. PG&E has also surpassed the California Public Utilities Commission’s diverse spending goal of 21.5 percent for nine consecutive years.
In the last five years, PG&E’s total spend with Hispanic-owned businesses has increased 86 percent ($477,513,257 in 2014 from $256,408,228 in 2010). In that same period, spend with Hispanic male-owned enterprises has gone up 93 percent ($366,147,457 from $189,869,798) and Hispanic female-owned enterprises spend has seen a 67 percent rise ($111,365,800 from $66,538,430).
Over the past 12 months, PG&E has been active in strengthening and improving relationships with its diverse suppliers. For example, the utility has played host to business-building workshops for veteran-, African-American-, LGBT- and Hispanic-owned enterprises. Earlier this year, PG&E was recognized as one of America’s top corporations for support of women’s business enterprises in 2014 by the Women’s Business Enterprise National Council.
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