Supplier diversity programs improve ESG performance

Companies are under pressure to improve their ESG performance to investors, the government, and the public. Besides environmental practices, ESG initiatives include developing supplier diversity programs.

Such policies address creating supply chain and procurement plans with diverse groups, such as minority- or indigenous-group-owned businesses.  

 Implementing a supplier diversity program is a top priority. But, most of all, it is an organizational journey.  

 Here is a road map to implementing a successful supplier diversity program.