This years Top 25 Supplier Diversity Companies index shows the top three contenders from last year remaining neck and neck. Comerica Bank moved into the No. 1 slot from No. 2 last year, PG&E stepped down from No. 1 to No. 2, and AT&T maintained its No. 3 position. All three earned higher cumulative scores over last year, however, with Comerica earning a score of 26.06 this year compared to 20.04 last year, PG&E earning 24.1 compared to 20.4, and AT&T earning 19.16 compared to 17.38.
The No. 25 company, Macys, wasnt on last years list. As ever, it should be noted that all companies on the list have shown exemplary attention to supplier diversity.
HispanicBusiness calculated the index by examining data from the 2012 Diversity Elite survey, which was compiled by contacting the top Fortune 1,000 companies, American subsidiaries of Global 500 companies, and large U.S. companies both public and private.
|Rank||Company||Management Involvement in Supplier Diversity||Procurement From Minority Suppliers||Outreach Efforts to Minority Suppliers||Total Score|
|5||Southern California Edison||1||2||1||16.91|
|6||Consolidated Edison Inc.||2||2||2||16.29|
|7||Ford Motor Co.||2||2||2||15.99|
|8||Marriott International Inc.||2||2||2||15.64|
|10||Bank of America||5||2||2||13.71|
|13||General Motors Co.||3||3||5||12.22|
|14||JPMorgan Chase & Co.||3||4||3||11.36|
|15||Darden Restaurants Inc.||3||4||4||11.31|
|16||Toyota Motor North America Inc.||3||4||3||11.12|
|17||Wal-Mart Stores Inc.||5||3||4||11.00|
As in past years, HispanicBusiness selected the Top 25 Supplier Diversity Companies based on whether they foster supplier-development programs, have full-time executives and/or managers devoted to SD development, and offer bonus incentives to management directly tied to the companys progress in the SD space. Companies also divulge their total purchasing spend and how much of it goes to minority business enterprises (MBEs).
The purchasing spends are not included for publication. However, HispanTelligence the research arm of HispanicBusiness relies heavily on those figures to calculate the scores. In the accompanying chart, readers will find the total score each company received for its SD programs.
The published ranking numbers in the chart are subdivided into percentiles, with 1 representing the top 20 percent of the 25 finalists and 5 representing the lowest-scored group in each of the three categories. The rankings are based primarily on the financial numbers provided by the survey participants. The higher the dollar amount a company spends on diversity suppliers the higher its overall ranking will be.
Research by HispanTelligence.