Vendor Diversity Policy
Challenge
One of our goals outlined in our DEI Strategic Plan is to continue to develop and strengthen proficiency in diversity, equity, and inclusion as an organization. Conning recognized that diversity in vendor selection is part of ethical and responsible supply chain management.
Actions
Conning created a Vendor Selection Policy to help foster relationships with vendors that reflect our commitment to diversity, equity, and inclusion and fit within our corporate strategies. Additionally, the program helps us deliver results for clients by bringing new solutions and competitiveness into our supply chain, benefits the wider economy by creating jobs, strengthening communities, and increasing opportunities for underrepresented groups, and assists in meeting the objectives and requirements of our clients in vendor selection.
Outcomes
Implementing a Vendor Selection Policy has helped to ensure that we engage with the best businesses available for our needs and that our vendors have clear policies that align with our DEI values. Further, this program has strengthened our ability to communicate the value of diversity in vendor selection, both internally and externally, by implementing new procedures for selecting and retaining vendors.
Quote
We believe our diverse perspectives and experiences enable us to enhance our ability to serve our clients. We strive to fulfill our mission by creating a work environment that allows all employees to attain their full potential personally and professionally. We expect this to be more than a ‘check the box’ exercise for compliance purposes. As we continue to foster a culture of inclusion and belonging, we should build momentum while each of us integrates new approaches into our daily work.