Supplier Diversity Overview
Supply Chain diversity
As FirstEnergy strives for excellence in our core value of Diversity, Equity & Inclusion (DEI), one key factor to measure improvement is supplier diversity. Every day, we purchase goods and services from hundreds of different suppliers, and our diverse and local partnerships make a direct economic impact on the communities where our employees and customers live and work.
Supplier diversity is a proactive business strategy that ensures we have a broad and representative supplier base and provides procurement and developmental opportunities for qualified diverse-owned businesses.
Our supplier diversity mission
FirstEnergy recognizes the importance of supplier diversity in all aspects of our business and Supply Chain practices. By creating sound business relationships, we strengthen economic development and viability for all parties, while providing a value-added strategy that creates a competitive advantage.
Our policy statement
FirstEnergy is committed to supplier diversity as one of the key core values that are fundamental to achieving our vision of providing superior value to our customers and investors.
Supporting diversity is essential when locating sources of materials and services, selecting suppliers, and managing supplier and contractor relationships. Inclusiveness provides real business opportunities to traditionally underused suppliers. Diversifying our vendor base also helps enhance competition among suppliers, resulting in increasingly innovative products and services, improved reliability, and lower costs.