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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.

Powered By Inclusion

We are pleased to report that in 2022 our spend with diversity-certified suppliers reached an all-time high of $963 million. This represents 43% of the $2.24 billion that ComEd spent last year to plan, maintain, and modernize the electric grid that delivers safe, reliable and affordable energy to more than 9 million people who call northern Illinois home. This capital infusion is opening doors to opportunities for more people of color, women, military veterans, and other underrepresented groups, helping build stronger communities throughout our region. We added 159 diverse suppliers to our roster in 2022, bringing the total to 650.

In 2022, more than $324 million was spent with diverse suppliers in Distribution Construction, 73% of the total of $447 million. In energy efficiency, our diverse spend reached $86 million or 33% of the $261 million spent in support of the expanding scope of energy and moneysaving solutions for residential, commercial and industrial customers. Diverse spend reached at least 44% in transmission and substations, construction, electrical distribution, engineering and technical consulting, and facilities, areas representing a total spend of more than $600 million. Diverse spend in IT averaged 44% of the total of $67 million spent in hardware, professional services, and telecom. In marketing and advertising diverse spend increased to $25 million or 73% of $35 million. These work streams are incorporated into ComEd’s Multi-Year Grid Plan, which we developed to support the goals of Illinois’ Climate and Equitable Jobs Act. Priorities include further improving service reliability and storm response; integrating large-scale renewable energy like wind and solar; enabling the grid to accommodate the growth of electric vehicles; and enhancing connectivity in under-resourced communities.

The Grid Plan also aligns with ComEd 2030, the company’s vision for a carbon-free energy future that will benefit all communities and meet customers’ changing needs for the rest of this decade and beyond – learn more about it at ComEd.com/2030.

To be sure, the growing and important role of diverse suppliers in meeting the needs of customers is clear. Through the Grid Plan, we are committed to increasing our percentage spend with diverse suppliers to 45% by 2028. While we cannot achieve a record-level spend every year, our commitment to supplier diversity is unwavering, because it’s all about inclusion, which is essential to creating an equitable clean energy transition.

Sincerely,
Gil Quiniones, CEO


 Content Editor

$963M Diverse Supplier Spend In 2022 - 43% of total spend

2022 Report

2021 Report PDF




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