For Immediate Release
MAYS LANDING, N.J. (April 11, 2019) – Atlantic City Electric purchased $69 million in goods and services from diversity-certified suppliers in 2018, which is 22 percent of the company's total yearly purchases, up from 20 percent a year ago and the largest percentage commitment in the company's more than 100-year history.
"We have an absolute commitment to advancing the communities we serve, including engaging local diverse suppliers to support our business needs," said Dave Velazquez, president and CEO, Pepco Holdings, which includes Atlantic City Electric. "We continue to see real value from our focus on diversity and inclusion in everything we do. From improvements in reliability, customer satisfaction, and internal operations to our community and economic impact, our customers continue to benefit from our efforts to bring a wide range of views and approaches to the table."
For Atlantic City Electric, as well as its parent company Exelon, diversity and inclusion are core foundational values–both in the workplace and in its engagement with the communities it serves. Exelon has increased spending with women- and minority-owned businesses by more than 200 percent since 2011, reaching more than $2.2 billion in 2018. Because of its commitment to diverse suppliers, Exelon is a member of the Billion Dollar Roundtable, a top-level advocacy organization that promotes corporate supplier diversity excellence.
As part of Atlantic City Electric's efforts to expand its procurement efforts with local women- and minority-owned businesses, the company established Target 25 in 2018. Target 25 provides diversity-certified vendors an opportunity to learn more about Atlantic City Electric's processes, as well as its parent company Exelon, advancing the growth and development of each vendor's relationship with the energy company.
Companies interested in working with Exelon can register with the company and include pertinent information, including their diversity status, at http://www.exeloncorp.com/suppliers.
Find additional information about Atlantic City Electric by visiting www.atlanticcityelectric.com. Follow the company on Facebook at www.facebook.com/atlanticcityelectric and on Twitter at www.twitter.com/acelecconnect. Atlantic City Electric's mobile app is available at www.atlanticcityelectric.com/mobileapp.