We believe an inclusive, diverse and equitable supplier base not only benefits our business, but also the communities where we operate. We offer supplier training and development programs, mentorship opportunities, events and networking opportunities for diverse suppliers. Our goal is to achieve $500 million in global diverse supplier spend by 2025.
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Supplier Diversity
Code of Business Conduct for Suppliers
We develop mutually profitable business relationships with diverse suppliers who are globally competitive, demonstrate the ability to add value and meet our expectations of suppliers as outlined in the Code of Business Conduct for Suppliers.
Supplier Diversity Vision and Policy
Vision: Maximize bottom-line value, drive innovation and support economic growth through engagement of diverse suppliers (including businesses whose primary ownership is women, ethnic minorities, veterans, LGBTQ+, people with disabilities).
Policy: It is Dow’s policy to develop mutually profitable business relationships with diverse suppliers who are globally competitive, demonstrate the ability to add value and meet Dow’s expectations of its suppliers as outlined in the Code of Business Conduct for Suppliers.
Our objectives
Include diverse suppliers in Dow's evaluation of suppliers via strategic sourcing
Partner with national and regional development councils to encourage the certification of diverse suppliers
Leverage our supplier diversity reporting and results to meet the needs of customers and stakeholders
Dow is committed to conduct business with a diverse supplier base. Dow's Supplier Diversity program is part of our overall inclusion, diversity and equity efforts with defined deliverables and key measures of success aligned to Corporate objectives.
2023 Progress
The Dow Diverse Supplier Accelerator Program, which supports and empowers diverse businesses via mentoring and development, expanded to the EMEAI region in 2023 to become a global program with more than double the number of suppliers mentored in 2022.
In 2023, the Dow Board of Directors approved adding spend with certified diverse businesses to the 2024 Performance Award bonus program for all people leaders to support continued growth and expansion of Dow’s Supplier Diversity program.
In 2023, we conducted a targeted economic and social impact analysis for Dow’s North American diverse suppliers to estimate the additional value generated by Dow’s Supplier Diversity initiatives, surpassing solely diverse spend. Impact analysis results:
- $203MM in GDP contributions due to Dow’s spend at certified diverse suppliers
- 1,658 total jobs Every $1 million of certified diverse supplier spend by Dow supports 11 jobs in NA
- $122MM in wages & benefits Supported by Dow’s spend at certified diverse suppliers
- 2.6x employment multiplier Every one job supported at a certified diverse supplier supports an additional 1.6 jobs in other industries in the economy
We are looking for diverse suppliers across our value chain
If you are part of a diverse business, becoming a Dow supplier could be an excellent opportunity to grow and develop your enterprise. The innovation and quality you help us deliver to our customers is essential.
"Supplier diversity is an integral component of Dow’s Inclusion and Diversity Strategy. The business case is indisputable and companies who lead in Inclusion and Diversity (I&D), lead financially. A diverse supplier base is essential to delivering bottom-line value, driving competition in the supply base, supporting economic growth of local communities, and is critical to being a world class leader; building a culture that embraces innovation, responsibility and diversity."
Cathy Budd, Vice President of Procurement