bp plays to win in supplier diversity
As part of its aim for greater equity and in support of its efforts to help close the economic wealth gap in underrepresented communities, bp is progressing on its objective to achieve $1 billion in diverse spend by 2025
Through its positive partnerships with organizations such as certifying councils and chambers of commerce, bp has built relationships with women, ethnic minority, LGBTQ+, veteran/service, disabled and disability-owned businesses. Since 2019, the company has spent over $1.2 billion with 927 small and diverse business enterprises.
Under its DE&I Framework for Action, bp has set an aim to double diverse spend by 2023 – and is on track to achieve that goal ahead of schedule.
Our commitment
bp’s commitment to supplier diversity unlocks the value and power of a diverse, equitable and inclusive supply chain, boosting economic growth for underrepresented groups in the communities where we live and work.
Initiatives – key drivers helping us advance
Development - We create professional development programs that help diverse-owned businesses compete successfully for contracts.
Diverse Supplier Partner Program
A 12-month internal program that pairs procurement sponsors and mentors with ten diverse suppliers.
Energy Executive Program
Women's Business Enterprise National Council
A 10-week energy industry specific interactive professional development course for a cohort of 40 Women's Business Enterprises. The program was founded in 2018 and is run in collaboration with Shell, Chevron and Exxon.
Emerging Young Entrepreneur program
National Minority Supplier Development Council
A year-long program targeting the development of 20 of the next generation of ethnic minority entrepreneurs.
Top Shelf Retail & Professional Services program
Women's Business Development Council
A 14-week program supporting the development of 45 Women’s Business Enterprises that can potentially support our retail and convenience strategy in the Midwest region of the US.
System integration - The integration of a diverse supplier registration platform into procurement systems, like FairMarkit has also provided access to nearly 10,000 certified diverse suppliers globally.
Process improvement - Similar to workforce's Hiring Inclusively, supplier diversity established a Rules of the Road called Buying Inclusively for diverse supplier consideration into sourcing events. This work includes a wholistic approach to enable process inclusion from start to finish.
Advancing together
We celebrate our leaders making a difference in supplier diversity.
