Exelon Recognizes Top Financial and IT Services Business Partners for Diversity and Inclusion
June 27 2016 - 11:43AM
Business Wire
This year Exelon adds IT services companies to
the program
As part of its commitment to promote diversity and inclusion
among its business partners, Exelon has named 17 banks, insurance
companies, professional services organizations and information
technology (IT) services companies to its annual diversity and
inclusion “honor roll” for demonstrating their dedication to these
values in 2015.
The annual program, now in its sixth year, seeks to enhance the
quality of service Exelon receives by encouraging contributions
from minorities and women at its business partners. Exelon also
continually improves its diversity and inclusion programs, and this
year added Exelon IT as part of the combined Diversity and
Inclusion Partnership Program, recognizing a broader scope of firms
that support diversity in their day-to-day interactions with
Exelon.
This year’s honorees are:
- Banking: Northern Trust Company,
Citibank, MUFG, Goldman Sachs, J.P. Morgan, BNP Paribas and
Mizuho
- Insurance: Aon, Beecher Carlson
and Marsh
- Professional Services: Ernst
& Young, PricewaterhouseCoopers and Towers Watson
- IT Services: Sath Inc., TATA
America International, Pipeline Software and Hi-Tech Solutions
“Incorporating diversity into every aspect of Exelon’s business
helps us identify new and innovative ways to solve business
challenges and drive progress,” said Jack Thayer, senior executive
vice president and chief financial officer at Exelon. “Through the
honor roll program, we are able to strengthen our commitment to
diversity and inclusion, and encourage our business partners to do
the same.”
The program challenges participating financial services and IT
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 thrilled to be named to Exelon’s honor roll program for
the second year in a row,” said Nichole Barnes Marshall, global
head of diversity and inclusion at Aon. “This impressive
recognition reflects Aon and Exelon’s shared values around
diversity and inclusion. We believe that diverse backgrounds and
perspectives drive insights that empower results for clients,
colleagues and communities around the world.”
"We are delighted to be named to the Exelon Diversity and
Inclusion Honor Roll," said Mike Donohue, managing director in
Mizuho's Power and Utilities Group. "Diversity and inclusiveness
play an important role in our corporate culture, and have been one
of the distinguishing features that have underpinned our successful
ongoing client relationship with Exelon.”
In a sign that the program is helping companies improve their
diversity, the number of firms named to Exelon’s honor roll has
more than doubled in just six years. This year, Exelon named one
participating insurance firm, AEGIS Insurance Services, Inc., “most
improved” for achieving the most progress in its diversity and
inclusion performance from 2014 to 2015.
Exelon has several initiatives that help ensure it works with
financial institutions that share its commitment to diversity and
inclusion. In 2015, the company arranged $123 million in credit
lines with 28 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 $1.4 billion with minority and women-owned
suppliers in 2015, a 27 percent increase over the previous
year.
Exelon Corporation (NYSE: EXC), now including the Pepco Holdings
utilities, is the nation’s leading competitive energy provider,
with 2015 revenues of approximately $34.5 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 32,700 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 approximately 2 million
residential, public sector and business customers, including more
than two-thirds of the Fortune 100. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Follow Exelon
on Twitter @Exelon.
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Exelon CorporationPaul AdamsCorporate
Communications410-470-4167paul.adams@constellation.com
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