For Immediate Release
NEWARK, Del. (April 11, 2019) – Delmarva Power purchased $91 million in goods and services from diversity-certified suppliers in 2018, which is 22 percent of the company's total yearly purchases, up $8 million from a year ago and the most spent with diverse suppliers in the company's more than 100-year history.
"We have an absolute commitment to advancing the communities we serve, including engaging local diverse suppliers to support our business needs," said Dave Velazquez, president and CEO, Pepco Holdings, which includes Delmarva Power. "We continue to see real value from our focus on diversity and inclusion in everything we do. From improvements in reliability, customer satisfaction, and internal operations to our community and economic impact, our customers continue to benefit from our efforts to bring a wide range of views and approaches to the table."
For Delmarva Power, as well as its parent company Exelon, diversity and inclusion are core foundational values–both in the workplace and in its engagement with the communities it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching more than $2.2 billion in 2018. Because of its commitment to diverse suppliers, Exelon is a member of the Billion Dollar Roundtable, a top-level advocacy organization that promotes corporate supplier diversity excellence.
As part of Delmarva Power's efforts to expand its procurement efforts with local women- and minority-owned businesses, the company established Target 25 in 2017. Target 25 provides diversity-certified vendors an opportunity to learn more about Delmarva Power's processes, as well as its parent company Exelon, advancing the growth and development of each vendor's relationship with the energy company.
Companies interested in working with Exelon can register with the company and provide pertinent information, including their diversity status, at exeloncorp.com/suppliers.
To learn more about Delmarva Power, visit The Source, the company's online news room or visit delmarva.com. Follow the company on Facebook at facebook.com/delmarvapower and on Twitter at twitter.com/delmarvaconnect. The company's mobile app is available at delmarva.com/mobileapp.