Corporate supplier diversity
Our team focuses on inclusion and 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 mission
By growing our diverse supply chain, we collaborate with members of the community where we live and work, demonstrate we care and lead in business best practices. We believe that a diverse supply chain will result in better communities and stronger business outcomes.
Our commitment
We are committed to becoming an industry leader with a focus that reflects on supplier diversity as a natural part of our business environment. We believe this commitment creates an advantage for our customers and the communities in which we work.
- Our team has an established commitment to include small and diverse businesses that are more than 50% owned, operated and controlled by an individual or group that is part of a traditionally underrepresented or underserved group. Common classifications include, but are not limited to: minorities, women, veterans, 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 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 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 within the energy technology industry and provides a distinct competitive advantage.
- A diverse supply chain contributes to better communities, improved customer and employee experiences, and stronger business solutions.
