Supplier diversity

Working with diverse owned businesses

bp’s commitment to supplier diversity unlocks the value and power of a diverse, equitable and inclusive supply chain, boosting economic growth for underrepresented groups in the communities where we live and work

As a part of the US Diversity, Equity and Inclusion Framework for Action, a clear ambition was set to increase supplier diversity across the company, linking directly to bp’s wider ambition on responsible business and improving people’s lives in the communities where we work. Supplier diversity helps us build a stronger, better, more competitive company, aligning with America’s changing demographics.

For the last three decades, bp has seen the positive economic impact across the US as it is a supplier diversity leader in not only the energy industry but across corporate America. Just this past October, the US Supplier Diversity team received the Corporation of the Year award from the Women’s Business Enterprise Alliance in Texas. In 2018 and 2019, bp was named one of America’s Top Corporations for Women’s Business Enterprises (WBE) and inducted into the Hall of Fame by the Women’s Business Enterprise National Council (WBENC). And in 2020, the US Hispanic Chamber of Commerce named bp Corporation of the Year. These awards recognize corporations with supplier diversity programs and processes that have worked especially hard to sustain and bring qualified and competitive minority and/or women business enterprises (M/WBEs) into their supply chains.

bp is proud that its US program supports nearly 10,000 employees and 125,000 jobs which creates social and economic value, strengthens our reputation, drives our performance and underpins our strategy.  Since 2018, bp has spent 1.3b with 177 women- and minority- owned businesses in the US alone, and bp is not done yet!  The company is working toward achieving $1 billion in annual spend with certified diverse business enterprises by 2025.

There is much work to be done as nearly 99% of our total third party spend is with non-diverse suppliers.  As we work toward greater diversity, equity and inclusion, we must respond to how the world is evolving and embrace that the makeup of our communities are changing with each generation.  Now more than ever, it is crucial to unlock the value and power of a more inclusive global supply chain that empowers diverse-owned businesses.  We know it’s possible as bp was one of the first major corporations to create a formal program to increase spend with minority- and women-owned businesses; and it has been tried, tested and proven to boost economic growth with underrepresented groups in the communities where we live and work.  The impact of supplier diversity is vast – improving people’s lives through job creation, community investment, generational wealth building and more!  Simply put, supplier diversity is at the heart of connecting business and community.

Contact

Email: supplierdiversity@bp.com

Supplier qualifications

Qualified suppliers must be certified by one of the third party entities listed below.