Diversity and inclusion is part of everything we do, and our commitment extends beyond our own employees to our engagement with suppliers. Through purchasing decisions and business relationships, we foster greater opportunity, equality and representation throughout our supply chain and in the communities where we live, work, and do business. Diverse perspectives and experiences drive innovation, fortify our business, and strengthen local economies.
HP’s commitment to fostering opportunity and equality for our people extends to our relationships with our business partners and suppliers. As part of this commitment, we work to improve the representation of women and minorities within our supply chain through our purchasing decisions. As do our own employees, diverse suppliers offer perspectives and experiences that drive innovation, fortify our business, and strengthen local communities and economies.
In 2019, we continued to develop our Global Supplier Diversity program in the United States and South Africa. To accelerate our efforts, we work with the National Minority Supplier Development Council, Georgia Minority Supplier Development Council, Women’s Business Enterprise National Council, and industry groups such as tech:Scale.
We encourage small businesses and companies owned by women, minorities, veterans, service-disabled veterans, LGBTQ+ individuals and aboriginal or indigenous individuals to compete for our business. In 2019, we spent $322 million with small businesses in the United States and $123 million with minority- and women-owned businesses.
In South Africa, we support Broad-Based Black Economic Empowerment (B-BBEE) initiatives through our supplier purchasing, to advance distribution of wealth across a broad spectrum of disadvantaged groups.
During 2019, we spent:
• R167.7 million ($11.9 million) with all B-BBEE compliant businesses (74.4% of HP’s total spend with suppliers in South Africa in 2019)
• R123.3 million ($8.8 million) with large B-BBEE compliant businesses (54.7% of total spend)
• R44.4 million ($3.2 million) with small and medium-sized businesses (19.7% of total spend)
• R114.3 million ($8.1 million) with firms with at least 51% black ownership (50.7% of total spend)
• R46.3 million ($3.3 million) with firms with at least 30% black women ownership (20.5% of total spend)
• R15.9 million ($1.1 million) with youth- owned firms or firms owned by people with disabilities (7.0% of total spend).
In 2019, HP in South Africa was rated as a Superior Level 1 contributor to B-BBEE, the highest rating possible, which measures the company’s performance in this area.