Company announces commitment to diverse suppliers
NiSource is committed to increased spending with diverse suppliers and is focused on reaching 25% diverse supplier spend by 2025 to ensure the company's inclusive supply chain reflects the customers they serve. Senior leadership told suppliers last week at NiSource's inaugural Supplier Day about the industry's future and NiSource's plans to grow and develop together through continued collaboration.
"Our commitment to supplier diversity and economic inclusion are key priorities for us as an organization," said Lloyd Yates,president and CEO of NiSource. "We have a clear direction to grow our business with current diverse suppliers and seek opportunities to develop innovative partnerships with new suppliers. We believe the growth and development of diverse suppliers fosters an inclusive environment that benefits our customers and the communities we serve."
In order to achieve its "25-By-25" goal, the company is revising its Source-to-Pay process, training and progress monitoring procedures.
Additionally, NiSource gave its partners insight into the company's construction, technology and development plans, quality objectives, key policies and future business areas.
During the event, NiSource distributed six Supplier Awards to recognize their suppliers' contributions in key areas:
- NiSource Safety Supplier of the Year: Miller Pipeline Headquartered in Indianapolis, IN and provides gas distribution and transmission pipeline services.
- NiSource Diverse Supplier of the Year: Traffic Management, Inc. Headquartered in Long Beach, CA and provides traffic control and flagging services.
- NiSource Sustainability Supplier of the Year: AgileOne Headquartered in Torrance, CA and is a global MSP provider overseeing the contingent labor acquisition process.
- NiSource Cybersecurity Supplier of the Year: Fortress Information Security Headquartered in Orlando, FL and secures critical infrastructure from cybersecurity risks with asset and vendor risk management solutions.
- NiSource Innovative Supplier of the Year: Picarro - Headquartered in Santa Clara, CA and is the global leader in methane emissions measurement, emissions reduction, pipe replacement and advanced leak survey solutions.
- NiSource Supplier of the Year: Miller Pipeline - Headquartered in Indianapolis, IN and provides gas distribution and transmission pipeline services.
"Having an agile and trusted supply chain infrastructure is critical to NiSource's commitment to perform with excellence in the areas most important to our stakeholders," said Sandra Brummitt, vice president, chief procurement & corporate services officer of NiSource. "Our diverse suppliers are critical partners in strengthening engagement, enabling innovation and providing reliable and affordable energy to our communities. With NiSource's 2022 Supplier Awards, we recognize our suppliers who have demonstrated outstanding dedication, close partnership and a proactive commitment to perform with excellence."