AT&T has announced a 2020 commitment for its Supplier Diversity Program. The initiative aims to foster the growth of diverse suppliers, improve diversity technical development and stimulate diversity job growth. It is aligned with the company’s social and philanthropic innovation and is tied to AT&T Believes program.
AT&T has also revitalized its preferred supplier designation program. Preferred supplier status will be given to suppliers who have demonstrated commitments to improve their internal workforce diversity and to increase spend with diverse suppliers.
The 2020 initiative was inspired by AT&T’s milestones in 2018. The company’s diversity spend in 2018 increased by $700 million compared to 2017 and its roster of diverse suppliers reached almost 700. Diversity spend was more than $15 billion in 2018, which represent 26.8% of total spend.
The company has also announced plans to spend $3 billion with black suppliers by the end of 2020 and has established an Executive Advisory Council to achieve this goal.
For 50 years, AT&T and its suppliers have spent more than $173 billion with LGBTQ+, veteran, women and minority businesses. According to AT&T executive vice president of Global Connections and Supply Chain Susan A. Johnson, with the 2020 commitment, the company plans to work closely with suppliers to foster economic growth in the communities they serve and to continue to develop creative solutions.