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Diversity Works

​​​​Creating opportunities for diverse suppliers is central to the way we do business. Our Supplier Diversity Program is designed to bring the added value of diversity to our procurement process by proactively seeking small, minority-, women- and service disabled veteran-owned enterprises.

A Cleaner Energy Future Builds Equity For All

What’s especially exciting about the transition to clean energy is the broad range of opportunities and benefits it creates for all families, businesses, and communities throughout northern Illinois. We embrace this historic moment with the clear understanding that a cleaner energy future must include everyone. If it doesn’t build equity for all, it is not for us. Our longstanding commitment to local businesses owned by people of color, women, military veterans, and others is one example of how we make a difference in our communities. We are proud to report on our progress to our regulators, to all ComEd suppliers, and to everyone we are privileged to serve.

In 2021, our diverse suppliers contributed in countless ways, including continued support of our response to the challenges of the pandemic. Our spend with diverse suppliers reached $893 million. This represents 42 percent of our total supply chain spend of $2.1 billion in 2021 – matching the record percentage that we achieved in 2020. Since 2012, ComEd has spent more than $6.4 billion with diversity-certified suppliers, and we are constantly looking for opportunities to increase diverse supplier partnerships. Last year, we added 153 new diversity-certified partners, bringing the total to 662. And our senior leadership team is helping to create new development opportunities for new diversity-certified suppliers.

Diverse suppliers are becoming more involved in key spend categories, including the expansion of our advanced communication network, which is critical to grid security, reliability, and resilience, and the addition of renewable energy and technologies that drive our digital world. Opportunities for diverse suppliers are also growing in energy efficiency as a result of Illinois’ new energy law, which will support new programs to help customers reduce energy usage and costs with a focus on assisting customers in need. More opportunities are emerging for diverse suppliers as a result of new businesses moving into or expanding in the region and in professional services, construction, and engineering, as well.

I want to thank all of our diverse supplier partners for their commitment to helping us deliver superior performance and value to ComEd customers. Together, we are demonstrating the power of our clean energy transition to build equity in meaningful ways.

Sincerely,
Gil Quiniones, CEO

2021 Recap

In 2021, ComEd Energy Efficiency continued its focus on growing diversity-certified suppliers and achieved $50.46 million of total expenditure, a year-over-year increase of $7.61 million or 18%. Of the $50.46 million achieved, $32.20 million or 63% were women-owned enterprises, $16.87 million or 33% were minority-owned enterprises, and $2.04 million or 4% were veteran-owned enterprises. ComEd Energy Efficiency annual expenditures with diversity-certified suppliers have increased by 91% since 2018.

ComEd Energy Efficiency continued to prioritize workforce development initiatives in 2021 to expand business and employment opportunities for diverse and local small businesses in the communities we serve. ComEd Energy Efficiency launched the second full year of the Energy Efficiency Service Provider (EESP) Incubator Program and partnered with a Minority Women-Owned business to deliver the program and share firsthand the learnings of growing a small business within the Energy Efficiency industry. This program is designed to educate and train contractors and distributors on ComEd’s Energy Efficiency Portfolio offerings so they can participate in EE offerings and grow their businesses as they help their customers save energy and lower their utility bill. Participating organizations are educated on how to best represent the ComEd Energy Efficiency Program to customers and complete energy efficiency projects by leveraging existing workforce development frameworks, community-based agency partnerships, and mentorships offered by other vendors within the Energy Efficiency portfolio. Since program inception, 65 diverse businesses have graduated from the program with 41 of them, or 63%, being accepted into the EESP network, resulting in 125 projects completed.

Lastly in 2021, ComEd Energy Efficiency launched the Plan 6 Energy Efficiency program RFP covering the 2022-2025 program years, which resulted in key areas of expansion, in addition to specific community impact commitments.

 Content Editor

$893M Diverse Supplier Spend In 2021 - 42% of total spend

2021 Report

2021 Report PDF
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