Businesses That Make the Grade: Exelon’s DEI Honor Roll Celebrates Our Shared DEI Values
Advancing diversity, equity, and inclusion (DEI) is a core value at Exelon, one that is foundational to all we do. As we help lead the energy transformation, we recognize that it will take a diverse and inclusive workforce to get the job done. So, we make DEI a key priority through workforce development and diverse supplier programs, STEM and mentoring programs, equitable hiring practices, small business incubation, employee resource groups, and more.
Exelon is a member of the Billion Dollar Roundtable, which promotes corporate supplier diversity excellence. In 2022, our spending with diversity-certified suppliers reached nearly $2.9 billion—an increase of more than 61 percent since 2018—and accounted for 39 percent of our total supplier spending. In October 2021, in partnership with the Exelon Foundation, Exelon announced the creation of the Racial Equity Capital Fund (RECF), a $36 million fund designed to support minority-owned businesses and promote equity, inclusion and economic opportunity in the communities we serve. These are just some of the efforts to ensure we’re putting real action behind our DEI commitments.
These efforts are paying off too. Exelon has been recognized by several important outlets including, Forbes and JUST Capital’s list of America’s Most Just Companies. In turn, we are proud to recognize our partner businesses that share our DEI values. 31 partner companies have made the honor roll this year – an achievement we’re thrilled to celebrate.
“Through our DEI Honor Roll, Exelon highlights business partners that are prioritizing diversity, equity, and inclusion not simply because it’s good for business, which it is, but because it’s the right thing to do,” says Exelon Executive Vice President and Chief Financial Officer, Jeanne Jones. “When we demonstrate the transformative value of including women and minority workers and leaders, we are changing the face of business and creating a better future for all.”
Top scorers this year included JP Morgan Chase in the banking category; Kroll in the professional services category; Beecher Carlson in the insurance category; The Public Sector Solutions Group (PS2G) in the IT category; Davis Polk & Wardwell LLP in the legal category; and Pugh Capital Management and Xponance in the Investments category.
“At JPMorgan Chase, our success is inextricably linked to the strength of our communities and the talent of our people. We acknowledge that even though talent and ideas are distributed equally, opportunity and access to resources are not. By implementing a differentiated, strategic approach to DEI, we aim to help make sustainable progress in the communities where our employees, customers and clients live and work.” says Thelma Ferguson, Global Head of Diversity, Equity & Inclusion and Vice Chair, Commercial Banking for JPMorgan Chase. “We’re honored to be included for the 13th consecutive year on Exelon’s Diversity, Equity & Inclusion Honor Roll – it’s a testament to the work our teams are doing across geographies and lines of business. We look forward to continuing to partner with companies like Exelon, as it is only by working together that we can help build an inclusive economy that works for everyone.”
In addition to top scores, Finance also measures the “Most Improved” firm. Northern Trust was judged “Most Improved” in the finance category for their increased hiring of women and minorities and internal programs and initiatives that support growth and development for these groups.
Here is the complete list of honorees:
- Banking: JP Morgan, Sumitomo, Northern Trust, Goldman Sachs, Morgan Stanley, MUFG, Citibank
- Insurance: Beecher Carlson, Marsh
- Professional Services: Kroll, Willis Towers Watson, PricewaterhouseCoopers, Ernst Young
- Investment: Ariel Investments, Artemis Real Estate Partners, Brown Capital Management, KKR, Oaktree Capital Management, PGIM, Pugh Capital Management, The Rock Creek Group, The Vistria Group, Xponance
- IT: The Public Sector Solutions Group (PS2G), Judge Learning Solutions, Infosys, rSTAR Technologies LLC
- Legal: Davis Polk & Wardwell LLP, Jenner & Block LLP, McGuire Woods LLP, Morgan, Lewis & Bockius LLP
Another core component of the DEI program is providing financial support to organizations that foster diversity and promote equity. On behalf of this year’s program, Exelon made cash contributions to organizations in each of our service territories that support the homeless, strive to achieve racial equity, focus on mental health awareness and break the cycle of poverty through the power and purpose of employment.
We’re honored to work with these DEI champions and are looking forward to seeing their continued accomplishments in achieving equity across their companies.