Exelon Spent $11.2 Billion with Diverse Suppliers From 2016-2020
And annual expenditures with diverse suppliers increased 41 percent over the five-year period
August 02, 2021
CHICAGO (August 2, 2021) — Exelon spent $11.2 billion with diverse-certified suppliers across its enterprise from 2016-2020, while Exelon’s 2020 $2.7 billion spend alone supported 19,967 jobs and generated an incremental $3.6 billion in revenue and $1.1 billion in wages for local businesses in communities the company serves. These and other findings are included in the 2020 Exelon Diverse Business Empowerment (EDBE) Annual Report. The expenditures spanned the entire business, including Exelon’s six electric and gas utilities, Exelon Generation and Constellation.
“One of the best ways we can support diversity is to ensure that our dollars are spent with businesses that reflect the diversity we see in the communities we serve,” said Bridget Reidy, executive vice president and COO, Exelon, “We strive to apply these same ideals in everything we do, from how we build our workforce to the investments we make in nonprofit organizations across our service territories. It’s not just the right thing to do, but it also makes us a better, stronger and more responsive company.”
Exelon operates in some of the nation’s largest and most ethnically diverse metropolitan areas, including Baltimore, Chicago, Washington, D.C., and Philadelphia.
Some additional information about Exelon’s diverse spend from the 2020 Supplier Diversity Report:
- 2020 diversity-certified supplier spend was $2.7 billion, an increase of $346.9 million, or 13 percent, over 2019
- 63 percent of the total was spent locally in Exelon's key operating areas – Illinois, Pennsylvania, Maryland, New Jersey, Delaware, District of Columbia and Texas – where its businesses are most heavily concentrated
- 71 percent of the total diversity-certified supplier spend was with Tier 1 contractors, which are defined as diverse contractors with a direct supply contract with Exelon
- 2020 Tier 1 spend increased $183 million over the 2019 Tier 1 diversity-certified supplier expenditures
Click here to access the full 2020 Exelon Diverse Business Empowerment (EDBE) Report.
