In 2019, Duke Energy spent more than $13.5 billion purchasing goods and services used to provide electricity and natural gas to our customers.
The company strives to improve the lives of our customers and the vitality of our communities by consistently considering supplier diversity, local economic impact, and environmental stewardship as part of our sourcing practices.
Since 2015, Duke Energy has spent more than $1 billion annually with minority-, women-, veteran-, service-disabled veteran-owned and federal HUBZone-certified businesses. The spending has grown an average of 10 percent per year, with 2019’s spending coming in at $1.6 billion.
As for spending with local suppliers, Duke Energy’s figure has exceeded $4 billion since 2018.
Our local economic impact and community outreach were two of several factors that led to us earning the Hispanic Chamber of Metro Orlando’s Corporate Procurement Group of the Year Award. The award is presented to the corporation who has done the most, overall, in increasing its spending with Hispanic and other diverse suppliers, and managing initiatives to assist these suppliers.
Duke Energy’s Supplier Code of Conduct describes in detail our expectations of suppliers.
We also partner with industry peers and suppliers to advance sustainability best practices in the utility sector through our work with the Electric Utility Industry Sustainable Supply Chain Alliance.