P&G aims to spend $3bn with diverse suppliers

Procter & Gamble (P&G) has announced it spent $2.8bn with diverse-owned businesses between 2008 and 2020 and added 21 diverse-owned suppliers to its supply base.

The company behind brands such as Pampers, Gillette and Ariel said it was “well on its way” to spending $3bn with diverse suppliers by 2030.

In a statement it said: “Our brands are building supplier diversity into their business strategies, and we are helping our suppliers build equality and inclusion into their company strategies too.

“To achieve this, we will continue to add diverse companies to our supply base and help our suppliers diversify their own supply networks in the United States, as well as increasing our investment with women-owned businesses throughout the world.”

Among the suppliers added in 2020 was one for P&G’s corporate call centre, diverse-owned creative and marketing agencies and a chemical manufacturer for fabric and home care brands.

Ana Elena Marziano, chief purchasing officer at P&G, said: “As P&G grows spend with diverse owned businesses, we create positive ripple effects for the people and communities throughout our supply chains, enabling P&G and our partners to be a force for good, and a force for growth.”

Referring to a P&G online supplier summit, she said: “We value our external business partners and want them to join our journey on citizenship.

“The Supplier Citizenship Summit is one more way we are collaborating with our external business partners to support our collective progress in this important space.”

In January Unilever said it aimed to be spending €2bn annually with suppliers owned and managed by people from under-represented groups, by 2025.

“These suppliers will be small and medium-sized businesses owned and managed by women, under-represented racial and ethnic groups, people with disabilities and LGBTQI+,” said Unilever.

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