The State of supplier diversity initiatives by large corporations: The new sustainable supply chain?

We describe the state of supplier diversity efforts by large corporations from an international perspective. We examine data for the companies in the 2020 and 2022 Fortune Global 500 and find that corporate definitions of diversity are dynamic and vary across regions. Furthermore, while supplier div...

Descripción completa

Detalles Bibliográficos
Autores: Berenguer, G. (Gemma)|||/items/dce555bd-3f3e-4bac-ae77-cdae4c1afdda, Costas-Lorenzo, N. (Natalia)|||/items/df31ab14-1190-4ec1-88da-d305bb8a091e, Sáez-de-Tejada-Cuenca, A. (Anna)|||/items/4a66f4ec-61ac-4f13-8f2f-5b4f5245996d
Tipo de recurso: artículo
Fecha de publicación:2024
País:España
Institución:Universidad de Navarra
Repositorio:Dadun. Depósito Académico Digital de la Universidad de Navarra
Idioma:inglés
OAI Identifier:oai:dadun.unav.edu:10171/69531
Acceso en línea:https://hdl.handle.net/10171/69531
Access Level:acceso abierto
Palabra clave:DEI
Supplier diversity
Social sustainability
Supply chain management
Descripción
Sumario:We describe the state of supplier diversity efforts by large corporations from an international perspective. We examine data for the companies in the 2020 and 2022 Fortune Global 500 and find that corporate definitions of diversity are dynamic and vary across regions. Furthermore, while supplier diversity efforts are not yet widespread, these initiatives are increasingly common, especially in the form of references to diversity in companies’ supplier codes of conduct. Companies in North America and in certain economic sectors, such as the financial and healthcare sectors, are more likely to have such efforts in place. Based on our data, companies that report on their internal diversity and companies that have other forms of supplier sustainability initiatives are also more likely to have supplier diversity initiatives. We argue further that supplier diversity efforts will follow a trajectory similar to other supplier sustainability efforts. Finally, we suggest possible avenues for future research on supplier diversity.