SAN FRANCISCO -- (Business Wire)
Pacific Gas and Electric Company (PG&E) was named to the United
States Hispanic Chamber of Commerce’s (USHCC) “Million Dollar Club”
for the third consecutive year. The company, which was ranked as one of
the top 10 in the United States on the list, was recently honored for
spending a record $602.4 million with Hispanic-owned businesses in 2015.
PG&E received the Million Dollar Club recognition during the USHCC’s
national convention in Miami.
The Million Dollar Club was established to recognize corporations that
actively demonstrate a commitment to minority and women-owned
enterprises through their work with minority suppliers. The 2016
honorees invested a minimum of $25 million to more than $1 billion in
Hispanic-owned businesses.
“Over the last three decades, PG&E has concentrated on working with
suppliers that reflect the diversity of the communities we serve. Our
efforts, including those within the Hispanic community, have helped
numerous businesses succeed while bolstering local economies. We’re very
proud to have received this recognition from the USHCC,” said Gun Shim,
PG&E vice president of supply chain management.
PG&E has spent more than $2 billion with diverse suppliers for four
consecutive years. The company’s $2.5
billion spend in 2015 not only established a record, it accounted
for more than 40 percent of PG&E’s total spend for the third year in a
row. PG&E has also surpassed the California Public Utilities
Commission’s diverse spending goal of 21.5 percent for 10 straight years.
In the last seven years, PG&E’s total spend with Hispanic-owned
businesses has increased 74 percent ($602,412,037 in 2015 from
$256,408,228 in 2010). In that same period, spend with Hispanic
male-owned enterprises has gone up 70 percent ($459,323,606 from
$189,869,798) and Hispanic female-owned enterprises spend has seen an 87
percent rise ($143,088,431 from $66,538,430).
Over the last 12 months, PG&E’s efforts in supplier diversity have
received regional and national recognition. In September, The
Greenlining Institute gave the company an “A” in its annual Supplier
Diversity Report Card while praising PG&E’s supplier diversity success.
Greenlining’s report commended PG&E’s Supplier
Development Program and the company’s work in improving supplier
capacity.
In August, Minority
Business News USA Magazine named PG&E to its 2016 Corporate 101:
Most Admired Companies in Supplier Diversity. Earlier this year, the Women’s
Business Enterprise National Council recognized PG&E as one of
America’s top corporations for women-owned businesses.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E
Corporation (NYSE:PCG), is one of the largest combined natural gas
and electric utilities in the United States. Based in San Francisco,
with more than 20,000 employees, the company delivers some of the
nation’s cleanest energy to nearly 16 million people in Northern and
Central California. For more information, visit www.pge.com/
and www.pge.com/en/about/newsroom/index.page.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161020006106/en/
Contacts:
Pacific Gas and Electric Company
Tony Khing, 915-973-5930
Source: Pacific Gas and Electric Company
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