Duke Energy Joins Billion Dollar Roundtable, Continues Efforts To Build a More Resilient and Competitive Supply Chain

Exclusive group promotes supplier diversity excellence and best practices

CHARLOTTE, NC / ACCESSWIRE / August 22, 2023 / The Billion Dollar Roundtable Inc. (BDR), a non-profit organization that promotes supplier diversity excellence and best practices, today inducted Duke Energy into the exclusive organization.

The BDR consists of U.S.-based corporations that reach $1 billion or more annually in Tier 1 supply chain diversity spend. Duke Energy spent over $1.8 billion with diverse suppliers in 2022 and works to ensure a diverse pipeline of skilled suppliers capable of providing commodities and services at competitive prices.

"Supplier diversity at Duke Energy is more than a program - it's a pillar of our strategy to help meet the ever-changing needs of our customers and communities," said Dwight Jacobs, senior vice president and Chief Procurement Officer. "Our procurement practices help create jobs and provide a positive local economic impact in our communities while providing us access to quality products and services at competitive prices to deliver reliable, affordable, and increasingly clean energy for our customers."

For nearly 40 years, the company has intentionally sought and done business with veteran, disability and other diverse-owned companies, creating a supply chain ecosystem that is resilient, innovative, and intwined in the communities it serves. The company's Supplier Diversity program is designed to develop and grow relationships with these businesses and provide opportunities for them through Duke Energy's supply chain and those of its suppliers.

The Billion Dollar Roundtable will honor Duke Energy at a formal induction ceremony today during its annual best practices summit in Chicago.

"The Billion Dollar Roundtable looks forward to working with Duke Energy on supplier diversity initiatives and leadership in the utilities/energy sector. The supplier diversity spend of utility companies translates directly to economic impact in local communities in their customer coverage areas, and Duke Energy's broad footprint in the Southeast and Midwest creates countless opportunities to engage diverse suppliers," said BDR Chairman Shelley Stewart Jr.