For a full breakout of the scores behind the rankings, please see the March issue of Hispanic Business magazine -- or subscribe to our digital edition!
Rank -- Company
1 -- Comerica Inc.
2 -- Southern California Edison
3 -- Consolidated Edison Co. of New York
4 -- Wells Fargo & Company
5 -- American Electric Power (AEP)
6 -- PG&E Corporation
7 -- Chrysler LLC
8 -- Bank of America
9 -- Marriott International, Inc.
10 -- Hyatt Hotels Corporation
11 -- Ford Motor Company
12 -- JPMorgan Chase
13 -- Freddie Mac
14 -- AT&T Inc.
15 -- Xerox Corporation
16 -- General Mills
17 -- Verizon Communications
18 -- Union Bank of California
19 -- PepsiCo, Inc.
20 -- The Pepsi Bottling Group
21 -- Qwest Communications
22 -- Citigroup
23 -- Pitney Bowes Inc.
24 -- Pepco Holdings, Inc.
25 -- Sempra Energy
The calculus for determining the Hispanic Business Supplier Diversity Top 25 involves numerous variables that measure a company's commitment to supplier diversity. To compile the list, Hispanic Business took data from the 2009 Diversity Elite survey, which was compiled by contacting the top Fortune 1,000 companies, American subsidiaries of Global 500 companies, and large U.S. public and private companies. The final directory lists the top 25 companies, based on a weighted processing of company data conducted by HispanTelligenceŽ, the research arm of Hispanic Business Inc.
In accordance with survey methodology and privacy requirements, Hispanic Business does not publish information from a specific company that is not publicly available. Tables and charts depicting the cumulative data from all Top 25 Companies appear in the directory and accompanying article.
Issues addressed by the survey include:
Management Involvement in Supplier Diversity: Executive support or sponsorship of supplier diversity programs, executives in charge of supplier diversity, management bonuses tied to progress of supplier diversity.
Procurement from Minority Suppliers: Established goals for procurement from minority suppliers, total purchasing budget allocated to minority suppliers.
Outreach Efforts to Minority Suppliers: Requirement of certification by suppliers from the National Minority Supplier Development Council, use of minority-owned investment firms to underwrite stock and bond offerings.
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