PG&E, Prudential and Wells Fargo Honored at 2015 Financial Services Diversity Leadership Awards
| By Andy DiAntonio
2015 Finacial Services Diversity Leadership AwardsNBIC) - Women's Business Enterprise National Council, National Black Justice Coalition, United States Hispanic Chamber of Commerce, United States Business Leadership Network, United States Pan Asian American Chamber of Commerce, and WEConnect International - is proud to once again acknowledge and celebrate this year's award winners.
Program or Initiative of the Year:
Prudential's Veterans Initiative program coordinates company-wide efforts to create sustainable programs for veterans transitioning out of active duty into civilian life. The focus is on strengthening and building relationships with military veteran service organizations, as well as related government agencies to provide leadership in promoting education, training and employment for veterans entering the private sector. Components of the program include the Prudential Military Veterans Network, a business resource group; VETalent, a partnership with Workforce Opportunities Services; and Thought Leadership, which helps emphasize the physical, emotional, social, spiritual and financial well-being of veterans. Prudential's veterans-related support totals $3 million annually. Since the program's inception in 2008, the total number of veteran hires is up 7 percent.
Financial Services Diversity Corporation of the Year:
In the last 10 years, Wells Fargo has spent more than $8 billion dollars with diverse suppliers. Not only do they operate a model supplier diversity program, but last year they officially inaugurated the NGLCC Supplier Innovation Center at the NGLCC headquarters in Washington, D.C. Wells Fargo has done similar work with other diverse communities including the United States Hispanic Chamber of Commerce and the U.S. Black Chambers, Inc. Wells Fargo also created the Enterprise-wide Diverse Leaders Program, a three-day leadership and professional development opportunity which increases leadership skills of high-potential team members from all diverse segments. Last year, Wells Fargo grew their spend with diverse suppliers by $100 million to 10 percent of controllable spending.
Outstanding Corporate Leader of the Year:
Throughout his distinguished career at PG&E, Kent Harvey has worked to integrate diversity and inclusion into all facets of his work. In 2010, he led PG&E to be the first California utility to use minority-owned investment banks and the first California utility to include LGBT in its supplier diversity program. With his support, PG&E has spent $2.3 billion with diverse suppliers or 42.1 percent of the company's total procurement in 2013. PG&E has nine employee resource groups totaling more than 3,000 members-approximately 15 percent of their employment. He currently serves as the Officer Sponsor for the Pride Network, which focuses on engaging and supporting LGBT inclusion in PG&E's workforce and business priorities. With Mr. Harvey's support, PG&E has also been supportive during the rule making process for California Assembly Bill 1678, which updated the California Public Utilities Commission Code to include LGBT in how it defines supplier diversity.