— 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.