Nestlé in the U.S. Committed to Implementing Responsible Sourcing
Nestlé in the U.S. is committed to establishing and growing successful business relationships with qualified and certified diverse suppliers that reflect the gender, cultural and ethnic diversity of the consumers we serve. Our sourcing environment includes small businesses that are women-, minority- and veteranowned. Our strategy for engaging the best of these suppliers revolves around continual outreach and education, cultivating relationships and inclusion of in-country events. We partner with trade associations and nonprofits that provide solutions to traditional barriers to diverse suppliers’ success, such as limited access to capital, information or infrastructure.
To date, more than 6,000 diverse suppliers have posted profiles on Nestlé’s online supplier portal. In 2015, Nestlé paid more than $1.9 billion to 7,214 small, minority-, womenand veteran-owned businesses and helped sustain jobs across the country. According to Bloomberg Business report standards, every $35,239 corporations spend with diverse suppliers sustains a job. Using this metric, Nestlé payments to small suppliers helped employ more than 27,000 people. We are proud of our diversity of suppliers, one of whom received The Women’s Business Enterprise National Council’s 2015 supplier of the year award.
Read more stories from the 2015 Creating Shared Value Report