AWARDS REVIEW
THE SUPPLIER DIVERSITY AWARD
The Supplier Diversity Award was created to celebrate companies that excel in the promotion and support of a diverse supplier base through inclusive procurement practices . The award honours those demonstrating a strong commitment to supplier diversity by actively sourcing and engaging with diverse suppliers through initiatives , programmes , and / or policies .
THE WINNER : HILTON
Hilton has made significant strides in supplier diversity , earning the top spot on Fair360 ’ s Top Companies for Supplier Fairness .
The company ’ s Supplier Diversity Programme has fostered relationships with over 2,200 diverse and small businesses , resulting in a 47 % yearon-year increase in diverse spending , totalling US $ 467m in 2023 .
Hilton ’ s approach to supplier diversity is multifaceted , focusing on internal advocacy , reportable targets , external partnerships and annual programming . The company has set an ambitious goal to double-sourcing from diverse suppliers by 2030 , aiming to achieve US $ 1bn in diverse spending .
Notably , Hilton has implemented innovative initiatives to support diverse suppliers . In an industry first , it partnered with Bridge to simplify loan searches and connect suppliers with affordable capital .
SHORTLISTED COMPANIES
• Covenant Logistics Group
• Hilton
• Qalara
HIGHLY COMMENDED
• Qalara
• Covenant
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130 October 2024