To provide electricity, natural gas, and renewable energy to our customers, Duke Energy purchased more than $12 billion worth of goods and services in 2018.
Our supplier partners share the company’s commitment to the local economies and communities we serve. We spent more than $4 billion with local suppliers in 2018, and our annual spending with minority-, women-, veteran-, service-disabled veteran-owned and HUBZone businesses has exceeded $1 billion every year since 2015.
Duke Energy is committed to environmental stewardship and partners with vendors who are themselves environmentally friendly and support the company’s sustainability goals. Many of those suppliers are also locally based and/or diverse. Duke Energy’s expectations for suppliers are described in detail in our Supplier Code of Conduct, which was updated in 2018.
Our suppliers help us create a better energy future. In 2018, more than 100 individuals representing about 40 companies attended the third annual Duke Energy Supplier Exchange Forum. The company recognized key suppliers for excellence in corporate responsibility, diversity and safety – all important aspects of the company’s supply chain objectives.
With the inclusion of local and diverse suppliers as one of the company’s priorities, Duke Energy was honored for having a Top Veteran-Friendly Supplier Diversity Program by the U.S. Veterans magazine.
Our efforts to identify and recruit diverse suppliers are important to the company’s overall supply chain sourcing strategy. The relationships we have with state and community economic development organizations (veteran-related and others) enables Duke to positively impact our communities while creating enhanced value for the company.