Supplier diversity in the US
bp is committed to positive partnering and supplier diversity - aiming to increase our annual diverse spend to $1bn by 2025
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
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Clear ambition
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.
Engaging with the Illinois Hispanic Chamber of Commerce with certified minority-owned businesses at the chamber’s annual breakfast.
Southern Region Minority Supplier Development Council board member and bp buyer, Karen Theriot, networking at the 2019 annual expo in Houston.
Positive economic impact
Over the last few 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. As such, we have been recognized by our supplier diversity partners in several ways:
- Chicago Minority Supplier Development Council Honorary Chair (2022)
- Women’s Business Enterprise Alliance Corporation of the Year (Texas 2020)
- Women’s Business Enterprise National Council America’s Top Corporations for Women’s Business Hall of Fame (2018, 2019)
- US Hispanic Chamber of Commerce Corporation of the Year (2020)
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.
Supporting employees and jobs
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.
Contact
Email: supplierdiversity@bp.com
Prime suppliers discussing the importance of accurate and timely reporting of diverse spend at bp’s 2019 Prime Supplier Roundtable in Houston.
Recognized diverse supplier accreditations
We positively partner to contribute to social mobility and the ecosystem of DE&I by buying inclusively and aiming to spend $1b with certified diverse suppliers annually by 2025. Our partners include certifying councils, chambers of commerce and their regional affiliates – all on mission to increase diverse supplier inclusion across corporate America.
