Regional Update | Alex Llorente
SEATTLE, WASHINGTON (MAY 8, 2018) – Congratulations to Northwest Mountain MSDC Corporate Members AT&T, Inc., The Boeing Company and MUFG Union Bank, N.A. for making it into the 2018 DiversityInc Top 50 Companies for Diversity.
AT&T remained in the top three position for the second year, and top six on the 2018 Top Companies for Supplier Diversity. The company continues to build on the success of its supplier diversity program, which is celebrating its 50th anniversary this year. AT&T’s DiversityInc profile made note of approximately $14.4 billion spend with diverse suppliers, representing 25.2% of total procurement spend for 2017. Over the last 50 years, AT&T has spent approximately $158 billion with minority, women and service disabled veteran businesses.
Union Bank emphasized its commitment to diversity in its 2017 Corporate Social Responsibility (CSR) Annual Report, reporting $172 million in diverse spend, representing 13.2% of the bank’s total discretionary spending and surpassing their Community Service Action Plan (CSAP) goal.
“Our supplier diversity initiative has become the standard bearer for our peer banks as well as other major nonfinancial corporations,” said Richard Chacon, Director of Supplier Diversity and Development at Union Bank.
In addition, Union Bank’s Business Diversity Lending program provided over $31.4 million financing to 433 Diverse Business Enterprises (DBEs).
The Boeing Company also made the Top 50 Companies for Diversity list and ranked number two on the Top 10 Companies for Veterans list. Boeing leads inclusion and diversity through several business resource groups and diversity chapters. In the Northwest Mountain region, Boeing holds informational sessions, participates in outreach events, and fully engages in opportunity development for diverse businesses.
The 2018 Noteworthy list, whom DiversityInc described as “having the potential to make Top 50,” included Northwest Mountain MSDC Corporate Members Amazon and Intel Corporation.
The criteria for judging the Top 50 list are analyzed using sophisticated SAS software in 4 areas: Talent Pipeline (workforce breakdown, recruitment, diameter of existing talent), Talent Development (employee resource groups, mentoring, philanthropy, movement, fairness), Leadership Accountability (responsible for results, communications, visibility), and Supplier Diversity (Percent of Tier I and Tier II spend with minority, women, LGBT, disabled and veteran-owned businesses).
For the 2018 DiversityInc Top 50 Companies for Diversity and other 2018 lists, visit www.diversityinc.com/st/DI_Top_50.
The 2018 Diversity Inc Top 50 Companies for Diversity, https://www.diversityinc.com/st/DI_Top_50
AT&T Profile from DiversityInc, https://www.diversityinc.com/att
MUFG Union Bank CSR Annual Report, https://www.unionbank.com/Images/CSR-Annual-Report.pdf
Boeing Profile from DiversityInc, https://www.diversityinc.com/the-boeing-company
Images from DiversityInc.com
Alex Llorente is the Manager of Corporate Services, Marketing & Communications of Northwest Mountain MSDC and Co-Chair of the Publicity & Marketing Committee, which aims to enhance and communicate the value of the Northwest Mountain MSDC. The above information is intended solely for personal non-commercial use. Any information taken from this page is the full responsibility of the user. While we have taken every precaution to insure that the content is both current and accurate, errors can occur. The information provided is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice or service. For our legal disclaimer, please visit www.nwmtnmsdc.org/disclaimer.