Although many companies track and report on their supplier diversity spend, the definition of ‘diversity’ varies from company to company. Some require third-party certifications that attest to the ownership structure required to quality for such a program, while other companies allow suppliers to self-certify, essentially testifying to their own diversity status without oversight from a third party.  

Diversity and Inclusion programs are one of the top priorities for executive teams today. Businesses are trying to find ways to move the needle on diversity spend – partnering with suppliers in defined segments of the community for their own benefit, as well as for the returns realized by the company itself.