Supplier diversity
Our team champions supplier diversity through awareness and education, partnership development, measurement and accountability.
A message from our CEO
"As a global energy technology company, we recognize that partnering with diverse suppliers is one of the ways we can support small businesses in the local communities where we live and work. We believe that supporting diverse teams and suppliers gives us a competitive edge, and allows us to provide differentiated solutions to energy and industrial customers worldwide. Baker Hughes’ Supplier Diversity program is fully endorsed and supported by our executive leadership team."
-Lorenzo Simonelli
Our vision
We see supplier diversity as good business practice and a strategic advantage. Partnering with small and diverse businesses brings fresh ideas, stronger competition, and new opportunities. Through these partnerships, we aim to strengthen local connections and support better business outcomes.
Strengthening communities and business outcomes
- Our team has an established commitment to include small and diverse businesses that are 51% or more owned and operated by an individual or group that is part of a traditionally underrepresented or underserved group. Common classifications include, but are not limited to: veterans, minorities, women, LGBTQ+ people, and people with disabilities.
- Supplier diversity is centrally managed within our organization through our Sourcing team, which is responsible for the management and development of diverse and small suppliers; however, the identification and utilization of diverse suppliers belongs to every employee.
- Our team focuses on inclusion and supplier diversity through awareness and education, partnership development, measurement, and accountability.
- Our Supplier Diversity team partners with our business segments as champions for the integration of supplier diversity into all sourcing activities.
- In 2023, our team spent $409MM with diverse and small suppliers that provided products & services to the enterprises.
- Utilizing small and diverse suppliers increases competition and innovation, leading to potential cost savings in sourcing opportunities.
- A robust supplier diversity program enhances our ability to attract and retain valuable partnerships and relationships across industries and provides a distinct competitive advantage.
- A diverse supply chain can contribute to better communities, improved customer and employee experiences, and stronger business solutions.
