{"id":447680,"date":"2021-03-01T17:23:24","date_gmt":"2021-03-01T22:23:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=447680"},"modified":"2021-03-01T17:23:24","modified_gmt":"2021-03-01T22:23:24","slug":"sdge-purchased-more-than-40-percent-in-goods-services-from-small-diverse-suppliers-in-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sdge-purchased-more-than-40-percent-in-goods-services-from-small-diverse-suppliers-in-2020\/","title":{"rendered":"SDG&E Purchased More Than 40 Percent In Goods & Services From Small & Diverse Suppliers In 2020"},"content":{"rendered":"
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Company is redoubling efforts to further grow its supplier diversity program to support local economic recovery<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SAN DIEGO<\/span>, March 1, 2021<\/span> \/PRNewswire\/ —\u00a0During a year when the economy was devastated by the pandemic, San Diego Gas & Electric sustained small and diverse suppliers by buying more than 40 percent in goods and services from them, according to the company’s newly released 2020 supplier diversity annual report<\/a>. <\/p>\n

“As one of the largest employers in the region, we recognize our supplier diversity program can be leveraged to help create a more inclusive economy and more equitable economic recovery,” said SDG&E CEO Caroline Winn<\/span>. “Small and diverse businesses are job creation engines. When they flourish, our entire region flourishes.”<\/p>\n

Overall, SDG&E injected more than $2 billion<\/span> into the economy last year, the highest level of expenditures on goods and services in the company’s 140-year history. The company invested $872 million<\/span> on small and diverse suppliers, representing 41.6% of the total expenditures \u2013 far exceeding the 21.5% goal set by the California Public Utilities Commission’s (CPUC). Last year also marks the eighth consecutive year that SDG&E’s supplier diversity spending surpassed 40%. (Videos of some of SDG&E’s diverse suppliers: A.M. Ortega Construction<\/a><\/b>, Patriot General Engineering<\/a><\/b>)<\/p>\n

Year after year, SDG&E’s supplier diversity program has grown, paving the way for many subcontractors to become prime contractors and add jobs to the local economy. <\/p>\n

To encourage large local employers to follow suit, SDG&E recently partnered<\/a> with the San Diego Regional Economic Development Corp. (EDC) on a new study<\/a> that analyzes the impact of increased local procurement on quality job creation, and includes recommendations for large employers to support small businesses by buying local. Along with the study, SDG&E also sponsored the EDC’s “Right Recovery Town Halls<\/a>.”<\/p>\n

Here is a breakdown of SDG&E’s 2020 spending by diverse business categories:<\/p>\n