Driving diversity beyond our doors
Ernst & Young LLP is committed to maintaining a diverse supplier base and building relationships with suppliers who reflect the market, clients and communities we serve. We seek to actively identify, develop and do business with diverse suppliers as an integral component of our strategic sourcing and procurement activity.
Through our supplier diversity initiative, we seek small businesses and businesses owned by minorities, women, lesbian, gay, bisexual and transgender (LGBT) and disabled people that can enhance our competitive advantage as well as provide innovative and cost-effective services for our clients.
"Incorporating minority-owned businesses and diverse suppliers into our extended EY enterprise creates real value. We’ve built mutually beneficial relationships with minority-owned business leaders and understand their perspectives on value creation in reaching and serving new markets. Finding creative ways to collectively unlock value helps drive winning relationships and sustainable business models that strengthen economies. This creativity is powerful internally and externally and reflects our commitment to minority professionals, clients and the vibrant, minority-owned business community.”
— Steve Howe, Americas Managing Partner
Suppliers must acquire and maintain valid certification(s) from the following agencies and/or associations, as appropriate. Agencies include, but are not limited to:
- National Minority Supplier Development Council
- Women’s Business Enterprise National Council
- National Gay & Lesbian Chamber of Commerce
- US Business Leadership Network
- US Small Business Administration
- WeConnect International
- Canadian Aboriginal and Minority Supplier Council
- Canadian Gay and Lesbian Chamber of Commerce
- Minority Supplier Development UK
City and state certification accepted upon review.
Supporting diverse businesses
Assisting suppliers in achieving their potential is a key element in our initiative. Over the past three years we have created numerous opportunities for our diverse suppliers.
We have provided more than $200,000 in scholarships for diverse businesses during the past 10 years to attend Tuck, Kellogg and / or Discover U Leadership Training.
- Maximize Your Business: EY Diverse Workshop Series is a series of workshops and training programs we host that are conducted for diverse suppliers by our professionals. Several teams within the firm provide presentations to diverse-owned businesses on human resources, finance and overall business acumen.
- We are an active participant in the NMSDC Centers of Excellence program, which serves as our minority mentor-protégé program. This NMSDC program provides a structured environment for fostering minority business development and growth. Through this program, we offer protégés access to our technology platform, to leadership training, to redesigned business collateral to better market their services and to facilitated strategy sessions that update and improve the minority suppliers’ marketing presence.
A database for diversity
Our procurement team has incorporated supplier diversity efforts into each step of its sourcing process. A dedicated team of supplier diversity professionals has been assigned to lead our ongoing efforts to identify diverse-owned businesses and develop relationships with them.
We maintain a supplier diversity database that helps us search for qualified suppliers, and we encourage suppliers to register in our database so that they will be considered when sourcing opportunities become available for their industry areas.
Registered suppliers receive email notices about our upcoming procurement opportunities and events. They are also encouraged to use the database to update their information and provide electronic versions of marketing materials for our professionals to review. The tool also allows our contracted suppliers to conduct diverse-owned supplier searches for potential subcontracting opportunities.
Taking it to the wider world
As part of our commitment to supplier diversity, our people serve in leadership roles within this organization to foster the development of diverse businesses around the globe.
Within these organizations, we host forums to discuss our procurement practices and upcoming opportunities for diverse businesses to compete for provision of services and commodities. In addition, we host “Fostering Diversity” sessions to communicate the importance of supplier certification and the importance of supplier diversity with our prime suppliers.
EY is proud to be a corporate member of the following organizations:
Enhancing our client relationships
Our relationship with Mitchell & Titus LLP, the largest minority-owned accounting firm in the US, demonstrates our commitment to diversity in the profession and to better meeting our clients’ desire to increase their direct and indirect spend with minority-owned businesses.
Mitchell & Titus became a member firm of Ernst & Young Global Limited in 2007. The combination has proven to be a powerful entity in the marketplace, one that’s helped strengthen client relationships. Mitchell & Titus shares our commitment to quality and to building outstanding relationships. Going to market together allows us to collaborate to meet clients’ needs and provide a diverse supplier solution.
Awards and recognition
Our efforts to support supplier diversity have earned Ernst & Young LLP recognition in the marketplace:
- Women’s Enterprise USA 100 Corporations of the Year (2013)
- Minority Business News USA's Corporate 101 (2013)
- Top Corporation for Women Businesses Enterprises, Women’s Business Enterprise National Council (2009-2012)
- National Gay & Lesbian Chamber of Commerce, Corporation of the Year (2011)
- Women Presidents’ Educational Organization, NY Region Corporation of the Year (2009)
- Finalist, 2009 Corporation of the Year, New York & New Jersey Minority Supplier Development Council
- Hispanic Enterprise, Top 50 Corporations for Supplier Diversity (2008)
- Women’s Enterprise USA’s Top 50 Women in Corporate Supplier Diversity, Theresa Harrison, our director of Supplier Diversity (2013)
- DiversityPlus Magazine´s Top 30 Champions of Diversity, Theresa Harrison (2013)
- Women’s Business Enterprise National Council, William J. Alcorn Leadership Award, Theresa Harrison (2011)
- Women’s Business Enterprise National Council, Applause Award Recipient, Theresa Harrison 2010)
- Diversity Edge magazine named Theresa Harrison one of its 2008 Supplier Diversity Stars
- Network Journal magazine named Theresa Harrison one of its 40 Under Forty Dynamic Achievers for 2008
- Women’s Enterprise magazine named Theresa Harrison one of its 100 Women Impacting Supplier Diversity