In addition to selling billions of dollars of energy to customers, Duke Energy is also a large purchaser of goods and services. That makes the company’s supply chain a critical aspect of our commitment to sustainability.
Overall, Duke Energy buys more than $10 billion of goods and services each year; of that about $3.7 billion is spent with local suppliers. And the company’s spending with minority-, women-, veteran-, service-disabled veteran-owned and HUBZone businesses directly and through subcontracting continues to exceed $1 billion annually.
In recognition of our efforts to improve diversity and inclusion by advancing purchasing opportunities for diverse suppliers within the electric power industry, the Edison Electric Institute awarded Duke Energy the 2017 Business Diversity Excellence Award.
One way the company has succeeded in its supply chain efforts is by creating and maintaining relationships with supplier partners. Those partners are supportive of our corporate responsibility sourcing strategy, which focuses on safe work practices, local economic impact, supplier diversity and environmental stewardship. In addition, Duke Energy suppliers are expected to adhere to our Supplier Code of Conduct.
The company’s membership in the Electric Utility Industry Sustainable Supply Chain Alliance is also a valuable relationship and helpful resource to Duke Energy’s efforts.
During 2017, for the second consecutive year, Duke Energy hosted more than 100 individuals representing approximately 40 companies at our Supplier Exchange Forum to communicate the company’s operational expectations, including efforts to support Duke Energy’s overall sustainability mission.
In addition to supplier representatives, Duke Energy executives and supply chain leaders attended the event, providing a great opportunity to enhance existing relationships, develop new ones, and discuss the company’s priorities.
Duke Energy seeks environmentally friendly as well as diverse and local suppliers to support the needs of the communities we serve. These efforts have made lasting positive impacts on economic development and sustainability, locally, regionally and nationally.