California American Water Celebrates Spending More Than 50% of Procurement Budget With Diverse Businesses
March 19 2024 - 4:50PM
Business Wire
Company Spends $68.7 Million With Diverse
Suppliers
California American Water is proud to announce the release of
its annual Supplier Diversity Report, "Celebrating the Beauty of
Diversity," to the California Public Utilities Commission (CPUC).
The report highlights the company's continued commitment to
fostering a diverse and inclusive supply chain, exceeding the
CPUC’s goals for 2023.
“We are thrilled to share another outstanding year for Supplier
Diversity at California American Water,” said Kevin Tilden,
President of California American Water. “Since embracing this
critical initiative, we've consistently met or surpassed the CPUC’s
goals, and 2023 was no exception. In fact, this year marks our
highest spend with diverse businesses since we began tracking our
results 15 years ago.”
California American Water surpassed the CPUC's 2023 target of
investing 22.5 percent of its total procurement budget with diverse
suppliers, achieving a remarkable 50.49 percent. Thanks to the
dedication of the company's leadership, supplier diversity team,
and employees, California American Water achieved a $68.7 million
spend with diverse businesses.
“Our commitment to diversity doesn't stop at our supply chain,”
said Tilden. “We also lead the industry in our board diversity, and
we are constantly looking for new ways to enhance the diversity
among our employees. And we are going to keep improving.”
The annual Supplier Diversity Report showcases the positive
impact of supplier diversity on California American Water's
business and the communities it serves. It also details the
company's plans to continue building a more inclusive supply chain
in 2024.
“Supplier diversity is not just a principle – it's woven into
the fabric of California American Water,” said Mary Lou Ruiz,
Supplier Diversity Manager at California American Water. “By
actively mentoring, connecting, and empowering diverse vendors, we
open doors to their success and, in turn, unlock fresh perspectives
and best practices for our company. This ultimately benefits our
customers by fostering innovation and ensuring a strong, reliable
supply chain.”
About American Water
American Water (NYSE: AWK) is the largest regulated water and
wastewater utility company in the United States. With a history
dating back to 1886, We Keep Life Flowing® by providing safe,
clean, reliable and affordable drinking water and wastewater
services to more than 14 million people with regulated operations
in 14 states and on 18 military installations. American Water’s
6,500 talented professionals leverage their significant expertise
and the company’s national size and scale to achieve excellent
outcomes for the benefit of customers, employees, investors and
other stakeholders.
For more information, visit amwater.com and join American Water
on LinkedIn, Facebook, X and Instagram.
About California American Water
California American Water, a subsidiary of American Water,
provides high-quality and reliable water and wastewater services to
approximately 700,000 people.
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version on businesswire.com: https://www.businesswire.com/news/home/20240319792259/en/
Media: Nichole Baxter Senior Manager, External Affairs
California American Water 916-291-0736
Nichole.Baxter@amwater.com
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