Hi Shelly
We leverage questions in our Vendor Questionnaires that we can extrapolate responses from our inventory to provide details on vendor diversity. We ask:
Is the business Minority Owned, Woman Owned, Veteran Owned, Disabled Owned, LGBTQ Owned, classified as a small Business or other business diversity classification as defined by the applicable certifying authority?
Do you have an ESG program? If yes, please provide details/evidence
Depending on how your inventory is kept and allows from a record keeping standpoint, it allows us to capture those who are diverse and we can stratify for corporate vendors, operational/technology vendors etc.
Good Luck!!
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Jenn Wilkinson
Vice President
Strategic Vendor Management
Cenlar FSB
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Original Message:
Sent: 08-25-2022 10:06 AM
From: Michelle Chase
Subject: ESG and TPRM
Good Morning TPRM Community,
Our institution has begun working on developing an ESG framework. One of the areas we are looking at around S (Social) is in supplier diversity. We currently don't ask or capture any information around supplier diversity. We also don't have a stand alone procurement process so considering where and how in the process we can/should obtain and review; thinking possibly at RFP.
I am wondering what other organizations are doing around supplier diversity. What kinds of information do you obtain, when in the process do you obtain, how do you use that information (information only, targeted diversity goals etc)? Also interested in what categories of supplier diversity folks are looking at- veteran owned, small business, women owned, minority owned.
Thanks so much everyone, your advice and experience is always amazing!
Shelly
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Shelly Chase
AVP Operational Risk
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