Promoting an environment for diverse businesses to thrive needs a proactive procurement strategy. The mission of supplier diversity at Eaton is to achieve community and economic impact by including diverse companies throughout our supply base.
We strive to build strategic partnerships based on three important pillars: innovation and value; economic inclusion; and business development.
Our supplier diversity team commits to creating a sustainable diverse sourcing strategy by focusing on these objectives:
Eaton is committed to continuing to leverage our award-winning supplier diversity strategy to create long-term and sustainable economic impact in the communities in which we live, work and serve.
During 2022 we completed our second Economic Impact Analysis of Eaton's Supplier Diversity Initiative. The analysis detailed the impact our engagement has on communities across the US in terms of income and jobs created.
In 2022, Eaton's engagement with small and diverse businesses led to more than $2.5bn in contributions to the US economy and supported 10,449 jobs. Our Supplier Diversity Program supports job growth at our suppliers and triggers a multiplier effect that supports additional jobs in our supply chain and across supplier communities.
We rely on strong partnerships with various certifying agencies to grow our supplier diversity program and maintain our third-party verified database of diverse suppliers. Our local, national and international diverse supplier affiliations and certifying agencies include:
Michigan Hispanic Chamber of Commerce (MHCC)
Michigan Minority Supplier Development Council (MMSDC)
Minority Supplier Development United Kingdom (MSDUK)
National LGBT Chamber of Commerce (NGLCC)
National Minority Supplier Development Council (NMSDC)
National Veteran Business Development Council (NVBDC)
Ohio Minority Supplier Development Council (OMSDC)
Small Business Administration (SBA)
Women's Business Enterprise Council Ohio River Valley (WBEC-ORV)