ComEd Wins Award for Its Supplier Diversity Program
April 02 2015 - 12:08PM
Business Wire
Chicago Minority Supplier Development Council
names ComEd “Corporation of the Year”
The Chicago Minority Supplier Development Council (ChicagoMSDC)
has named ComEd the “Corporation of the Year,” honoring the company
for its continued efforts to develop and expand relationships with
local minority and women-owned businesses. This highly coveted
award is presented in recognition of a company’s leadership and
outstanding accomplishments in the area of business diversity.
In 2014, ComEd spent $415 million with diverse suppliers, a $100
million increase over 2013. As part of the Smart Grid Law, ComEd
also committed to increasing opportunities for diversity certified
suppliers by 15 percent over a 10 year period, representing
millions in additional diversity certified spending every year.
“ComEd is strong and steadfast in its commitment to supplier
diversity, which is a key component of our supply chain strategy,”
said Anne Pramaggiore, president and CEO, ComEd. “As a company
located exclusively in northern Illinois, we have a special
interest in our local businesses and stimulating economic
development in our communities. Over the last two years we have
increased ComEd’s annual supplier diversity spend by 30 percent and
in 2014, 26 percent of our total supply came from diverse
suppliers.”
ComEd’s continued growth in this area reinforces the company’s
commitment to diversity and the economic vitality of the State of
Illinois. ComEd is a founding member and active participant in
numerous diverse supplier advocacy organizations including the
Chicago Minority Supplier Development Council, the Chicago United
Five Forward Initiative, The Women’s Business Development Center,
The Rainbow PUSH Trade Bureau, and the Illinois Hispanic Chamber of
Commerce, just to name a few.
“Leadership transforms communities, and ComEd consistently
demonstrates great leadership in empowering diverse businesses,”
said Shelia Morgan, president and CEO of the Chicago Minority
Supplier Development Council. “This award reflects the strong,
visionary leadership of ComEd’s CEO, Anne Pramaggiore. She and her
leadership team are deeply committed to the principles of business
diversity and inclusion. ComEd is well-deserving of this honor and
we look forward to celebrating its success.”
This is the second consecutive year ComEd has been recognized by
ChicagoMSDC. Last year the company received its Transformational
Leadership Award. Additionally, ComEd’s sister utilities, BGE in
Baltimore and PECO in Philadelphia, were also recognized earlier
this year with the “Corporation of the Year Award” by the Capital
Region Minority Supplier Diversity Council and Eastern Minority
Supplier Diversity Council.
Commonwealth Edison Company (ComEd) is a unit of Chicago-based
Exelon Corporation (NYSE: EXC), the nation’s leading competitive
energy provider, with approximately 7.8 million customers. ComEd
provides service to approximately 3.8 million customers across
northern Illinois, or 70 percent of the state’s population. For
more information visit ComEd.com, and connect with the company on
Facebook, Twitter and YouTube.
ComEd Media Relations(312) 394-3500www.ComEd.com/News
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