Exelon Recognizes Top Banks, Insurance Companies and Professional Services Organizations for Diversity and Inclusion
June 09 2015 - 8:55AM
Business Wire
Exelon program promotes diversity &
inclusion among key partners
As part of its commitment to promote diversity and inclusion
among its business partners, Exelon has named 11 banks, insurance
companies and professional services organizations to its annual
diversity and inclusion “honor roll” for demonstrating their
dedication to these values in 2014.
The annual program, now in its fifth year, seeks to enhance the
quality of service Exelon receives by encouraging contributions
from minorities and women at its partner firms.
This year’s honorees are:
- Banking: Mitsubishi UFG, BNP
Paribas, Citibank, J.P. Morgan and Northern Trust Company
- Insurance: Aon Hewitt, Beecher
Carlson and Marsh
- Professional Services: Ernst
& Young, PricewaterhouseCoopers and Towers Watson
“At Exelon, we value diverse backgrounds and perspectives
because we know they lead to greater innovation, better problem
solving and stronger business results,” said Jonathan W. (Jack)
Thayer, senior executive vice president and chief financial officer
at Exelon. “Through the honor roll program, we are able to share
our commitment to diversity and inclusion, while encouraging the
same accountability in our suppliers.”
The program challenges participating financial services partner
firms to expand the diversity of their teams by evaluating the
level of contributions made by women and minorities on the teams
that serve Exelon, while providing them with incentives to improve
their performance by demonstrating a shared commitment to diversity
and inclusion. The program also evaluates the companies’ own
diversity and inclusion initiatives and their improvement
year-to-year.
“We are delighted to be named to Exelon’s diversity and
inclusion honor role for the fourth straight year,” said Casey
Herman, US power and utilities leader at PricewaterhouseCoopers.
“At PwC, we embrace diversity in all its dimensions and foster an
inclusive culture by acknowledging the unique experiences and
perspectives all of our people bring to our teams and clients. We
applaud Exelon and its honor roll program as a catalyst to
encouraging us and other enterprises to truly embrace these
important values.”
“We are honored to be recognized by Exelon for the third year
for our commitment to diversity and inclusion,” said Jeffrey
Lattmann, executive managing director at Beecher Carlson. “These
attributes play an important role in the work we do to support our
business and clients at Beecher Carlson. Exelon’s honor roll
program has assisted us in reaffirming our commitment to diversity
while encouraging continuous improvement.”
In a sign that the program is helping companies improve their
diversity, the number of firms named to Exelon’s honor roll has
increased from five to 11 in just five years. This year, Exelon
named one participating bank, CIBC, “most improved” for achieving
the most progress in its diversity and inclusion performance from
2013 to 2014.
Exelon has several initiatives that help ensure it works with
financial institutions that share its commitment to diversity and
inclusion. In 2014, the company arranged $123 million in credit
lines with 31 community- and minority-owned banks in Illinois,
Pennsylvania, Maryland and New Jersey. Exelon is also dedicated to
working with diverse suppliers as part of its supply chain
strategy, spending over $1 billion with minority and women-owned
suppliers in 2014, a 17 percent increase over the previous
year.
Exelon Corporation (NYSE: EXC) is the nation’s leading
competitive energy provider, with 2014 revenues of approximately
$27.4 billion. Headquartered in Chicago, Exelon does business in 48
states, the District of Columbia and Canada. Exelon is one of the
largest competitive U.S. power generators, with more than 32,000
megawatts of owned capacity comprising one of the nation’s cleanest
and lowest-cost power generation fleets. The company’s
Constellation business unit provides energy products and services
to more than 2.5 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Exelon’s utilities deliver electricity and natural gas to more than
7.8 million customers in central Maryland (BGE), northern Illinois
(ComEd) and southeastern Pennsylvania (PECO). Follow Exelon on
Twitter @Exelon.
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Exelon CorporationPaul AdamsCorporate
Communications410-470-4167paul.adams@constellation.com
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