Akron, Ohio, September 23, 2021 /PRNewswire/ — In recognition of its commitment to supplier diversity and women-owned businesses, FirstEnergy Corp. (NYSE: FE) received the 2021 Regional Council Member Done Deals award from the Women’s Business Enterprise Center – East (WBEC-East). The selection honors FirstEnergy for spending the most with the most WBEC-East certified women-owned businesses over the past 12 months.
FirstEnergy’s Supplier Diversity Program provides opportunities in a competitive environment for women-owned small businesses; belonging to a minority; HUBZone; belonging to a veteran; and businesses owned by disabled veterans. It is just one part of the company’s commitment to diversity, equity and inclusion, a core value of FirstEnergy.
In 2020, FirstEnergy spent $482 million with various vendors, or approximately 16% of the company’s total spend on vendors. This side, $54.8 million was spent with women-owned businesses certified by WBEC-East.
“Creating a diverse supplier base is critical to delivering value to our customers and strengthening the economic health of communities in our service area,” said Rich Sweeney, vice president of supply chain at FirstEnergy. “We are proud to receive this recognition from WBEC – East, a wonderful ally for women entrepreneurs who foster innovation, open doors and create partnerships that fuel the economy.”
As part of its efforts to be a business leader in making supplier diversity a natural part of its business environment, FirstEnergy is committed to reaching 20% of supply chain spend with various suppliers by 2025. To support this goal, the company sponsors and participates in trade shows and conferences that focus on diverse small businesses and leads initiatives by participating with organizations such as WBEC-East.
This award is the latest recognition of FirstEnergy’s leading diversity and inclusion and supplier diversity programs. Named Best Diversity Employer of 2020 by Forbes magazine and to DiversityInc’s Top Utilities list three years in a row, FirstEnergy has also been honored by US Veterans Magazine as Top Supplier Diversity Program (2019) and has received six awards over the past 10 years from the Commission on Economic Inclusion, which recognizes boards of directors, senior executives, leadership, workforce and supplier diversity.
As advocates for women business owners, WBEC-East provides training and education for entrepreneurs and provides certification to businesses through Pennsylvania, Delaware and from the south New Jersey. FirstEnergy is a corporate member of WBEC-East’s Supplier Diversity Council.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electricity distribution companies form one of the largest investor-owned electricity networks in the country, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The Company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
SOURCE First Energy Corp.