SDG&E INFUSED $2.4B INTO ECONOMY THROUGH PURCHASE OF GOODS AND SERVICES LAST YEAR
San Diego Gas & Electric (SDG&E) revealed that it contributed $2.4 billion to the economy in 2022 by purchasing goods and services, with $964 million or 39.75% directed towards diverse suppliers.
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Rhea-AI Summary
San Diego Gas & Electric (SDG&E) revealed that it contributed $2.4 billion to the economy in 2022 by purchasing goods and services, with $964 million or 39.75% directed towards diverse suppliers. This amount significantly surpasses the 22% goal set by the California Public Utilities Commission. Local companies in the San Diego region received $470 million, while 87% of diverse suppliers are based in California. SDG&E's supplier diversity program is integral to its mission of promoting diversity, equity, and inclusion, and significantly enhances local economic growth.
Positive
- Total expenditures of $2.4 billion in 2022.
- 39.75% of expenditures ($964 million) went to diverse suppliers, exceeding the 22% goal set by the CPUC.
- $470 million spent with local companies, bolstering the San Diego economy.
- 87% of diverse suppliers based in California, enhancing state economic growth.
Negative
- None.
Details
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Nearly
Nearly half of SDG&E's diverse business expenditures, or
Details and highlights on suppliers and diverse spend categories can be found in SDG&E's newly release annual supplier diversity report.
"Through our supplier diversity program, we are achieving multiple goals at the same time: growing our regional economy, expanding opportunities for small and diverse businesses, while building climate resilient energy infrastructure and advancing regional state climate goals to become net zero," said SDG&E CEO
SDG&E's supplier diversity program reflects one of the company's core values, which is to champion people by creating opportunities through diversity, equity and inclusion.
"I've been an SDG&E vendor for 9 years, and I've seen firsthand the company's exceptional efforts to provide opportunities to small, diverse businesses," said
Diverse suppliers support SDG&E's key businesses areas such as electric and gas construction and operations. One reason for SDG&E's success is the renewed enthusiasm among its employees to champion diverse suppliers. The company's inclusive culture empowers individuals at all levels of the company to drive change by advocating and supporting diversity in our supply chain.
For more than a decade, SDG&E employees who serve as Supplier Diversity Champion Ambassadors have played an active role in seeking out and mentoring new diverse suppliers to ensure they are competitive and able to grow into prime contractor roles.
Here is a breakdown of SDG&E's 2022 spending by diverse business categories:
- Minority Business Enterprise (MBE):
$467.2 million 19.26% - Women Business Enterprise (WBE):
$394.3 million 16.26% - Disabled Veteran Business Enterprise (DVBE):
$94 million 3.87% - Lesbian, Gay, Bisexual, Transgender Business Enterprise (LGBTE):
$8.6 million 0.36%
SDG&E is an innovative
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