2021 Transformation Report: Moving to Equity - Flipbook - Page 32
Supplier Diversity
We launched new programs to mentor, develop and
sustain diverse suppliers and increased collaboration
with internal business units to identify opportunities
for diverse businesses to work with us.
2021 Results
2025 Goal
30%
26%
of goal reached
Total
Diverse
Spend
(through 2021)
Nearing completion of
detailed spend analysis
conducted for each business
unit to identify opportunities
and gaps through 2025
Initiated 18-month
Supplier Diversity Business
Development Program
Mentoring
33
diverse
companies
Southern Company has a goal of
increasing our total diverse spending
to 30% by 2025.
We will increase business with diverse
and Black-owned businesses.
We are working to increase our spending
with diverse suppliers and place greater
focus on conducting business with Blackowned businesses, both as prime suppliers and sub-contractors. This includes
increasing the inclusion rate in our bid
processes, working with prime suppliers
to identify opportunities for sub-contracting and developing sub-contractors
into prime suppliers.
We will mentor and develop diverse
and Black-owned businesses.
From support in developing business
plans, investments through our Energy
Impact Partners diversity fund or
32
Transformation Report
building partnerships through networking and mentoring, we can play a greater
role in increasing the number of diverse
and Black-owned businesses with whom
we do business.
The Supplier Diversity Business
Development Program was launched
in the summer of 2021, matching a
Southern Company system mentor
with a diverse business owner.
The 18-month program aims to enrich
33 companies and equip them with tools
and networks to support their prospects
of doing business with our system.
We will drive racial equality in our
majority-owned supplier base.
Our majority-owned suppliers will be
held to the same racial equity standards
we are actively promoting within our
Georgia Power partnered
with diverse supplier
Milhouse Forestry to create
>100 new local jobs
Looking Ahead
Continue program engaging
our suppliers to build the
capacity of local, small and
diverse businesses through
mentorship and project
opportunities.
