Our total spend with diverse suppliers is nearly $26 billion over the past five years.
We believe doing business with diverse suppliers creates a multiplier effect. Diverse suppliers deliver value to us by providing innovative goods, services and solutions that help make a difference to our customers, and they deliver value to the economy by contributing to our diverse communities.
In 2017, we purchased more than $5 billion in goods and services from diverse suppliers, including businesses owned by minorities, women, veterans, LGBTQ and people with disabilities. This brings our total spend with diverse suppliers to nearly $26 billion in the past five years.
Verizon is a charter member of the Billion Dollar Roundtable, a coalition of 27 companies that each spends more than $1 billion every year with diverse suppliers.
You can read more about our supplier diversity program here.
We’re proud to have earned numerous supplier diversity and inclusion awards. In 2017, these recognitions included:
- Corporate 101: America’s Most Admired Corporations for Supplier Diversity, awarded by Minority Business News USA
- For the 12th consecutive year, recognized by the Women’s Business Enterprise National Council as one of the Top Corporations of the Year for supporting women-owned businesses
- Included in the United States Hispanic Chamber of Commerce’s Million Dollar Club and recognized for doing business with Hispanic-owned business enterprises
- Named by Professional Woman’s Magazine and U.S. Veterans Magazine for having one of the top supplier diversity programs