CHICAGO--(BUSINESS WIRE)--
The Billion Dollar Roundtable Inc. (BDR), a top-level advocacy organization that promotes corporate supplier diversity excellence, announced today that Exelon will be inducted as the organization’s 27th member company. Exelon is the first energy company to join the exclusive group of U.S.-based corporations that have achieved $1 billion or more in annual, direct spending with minority and women-owned businesses. Exelon will be inducted in a ceremony on Aug. 16 during the BRT annual summit in Oakland.
“Exelon is committed to diversity and inclusion across our enterprise, from our hiring and promotion to our giving, and how we spend our resources because we know an inclusive culture results in greater innovation, market competitiveness and opportunities for growth,” said Chris Crane, Exelon’s President and CEO. “We are honored to be listed among such an elite group of companies, and share the goals of the BDR and its commitment to promoting best practices across the supply chain.”
Exelon and its operating companies spent close to $2 billion with diversity-certified suppliers in 2016, ranging from asphalt manufacturers to fuel distributors to technology companies. Exelon increased its commitment to diverse businesses by 36 percent over the previous year.
“The induction of Exelon as a member company of the Billion Dollar Roundtable represents a significant milestone in our history,” said BDR Chairman Rick Hughes. “Exelon’s market reach will offer an important and unique perspective to the BDR roster of companies. We welcome Exelon’s participation and thought leadership, particularly its view of enhancing diverse supplier opportunities in the vital energy sector.”
This year, DiversityInc. named Exelon a Top 50 company for Diversity. The company also recently joined 150 leading companies for the CEO Action for Diversity & Inclusion™ , the largest CEO-driven business commitment to take action to cultivate a workplace where diverse perspectives and experiences are welcomed and respected. The company’s commitment extends to its community partners and corporate giving practices – 70 percent of the $46 million Exelon donated to nonprofits in 2016 supported programs targeted to diverse populations.
To learn more about Exelon’s initiatives to promote D&I across the company, visit exeloncorp.com.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 32,700 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.
About the Billion Dollar Roundtable
The Billion Dollar Roundtable, created in 2001, is a non-profit organization made up of 27 Fortune-level corporations that each spend $1 billion or more annually on a Tier 1 basis on supplier diversity. The BDR recognizes and celebrates corporate members that achieve this status and promotes and shares best practices in supply-chain diversity excellence. BDR member companies review and discuss issues, challenges and strategies related to supplier diversity as a means to advance supply chain opportunities for both corporations and diverse suppliers. The BDR is publisher of the title “Supplier Diversity Best Practices: Building Excellence to Improve the Supply Chain Matrix.” For more information about the BDR, go to https://www.billiondollarroundtable.org/.
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