2023 Billion Dollar Roundtable Best Practices Summit: Inductees
DUKE ENERGY CORP.
Q: When and why did your
company start its supplier diversity program?
A: Duke Energy’s supplier diversity program was
established in 1983. We recognized early on that having an inclusive approach
to how we procure goods and services is a tangible way for us to live our
purpose. For nearly 40 years, we’ve been intentional about doing business with
qualified diverse suppliers. This focus has resulted in a supply chain
ecosystem that is resilient and innovative. In 2022, our supplier diversity
efforts supported over 5,000 jobs and generated over $495 million in economic
impact to our communities.
Q: What is the
significance of your company being inducted into the Billion Dollar Roundtable
A: Being inducted into the Billion Dollar Roundtable is
an important milestone in Duke Energy’s history. It acknowledges our longstanding
commitment to diversifying our supplier pipeline and positively impacting our
communities through jobs and supporting local economies. We’re executing one of
the largest clean energy transitions in the country that will require a strong
and resilient supply chain. Being part of the BDR means working alongside other
major corporations that understand the value of supplier diversity. We can
learn and share best practices and widen the supplier pool to promote
competition in the supply chain — helping lower costs and broaden access to
quality products and services.
Q: What advice would you
give companies aspiring to earn BDR membership?
A: Diverse businesses are often also small businesses,
and they sometimes lack the scale or resources to bid and compete for larger
scope and budgeted projects at big corporations. That’s why we’ve launched
internal programs like Supplier Diversity University, which educates
prospective diverse suppliers — who have the capabilities, but maybe not the
scale — on how to do business with a large company like Duke Energy. Not only
does this help them better compete with others and grow their business, but it
helps us continually expand our pool of and spend with qualified diverse
Q: What is your company’s
spend goal with diverse suppliers over the next five years?
A: As we advance our strategy, we aspire to increase our
Tier I spend over the next five years. Achieving this will require us to
increase both our total enterprise spend annually as well as our diverse
supplier spend growth rate.
To learn more about Duke
Energy’s supplier diversity program, visit