Supplier diversity is an important component of BNY Mellon’s corporate business strategy. Through our company’s Supplier Development Program (SDP), we continue to take positive steps in building and maintaining a diverse supplier base. We work closely with our diverse suppliers to expand their opportunities with the company, providing guidance and support as needed to prepare them to bid on new business with us. We collaborate with organizations – focusing on economic development, growth and learning, and leadership – to promote the full potential of individuals, their companies and the communities in which we live and work. This commitment to supplier diversity, along with the economic growth and development of diverse owned businesses in our supply chain, has the full support of our corporate leadership.
Small and diverse businesses – such as those owned and operated by women, minorities, veterans, the disabled and GLBTs – play a critical role in helping BNY Mellon achieve its objectives as a leading financial institution. These firms supply the quality products and services that allow us to remain efficient and innovative in our businesses and the global marketplace. We value their contributions and are committed to continuing our support for diverse firms that wish to participate in our procurement process.
Through our SDP, we offer small and diverse firms a level playing field upon which to compete with bigger and more established companies for our business. Our SDP program represents an on-going effort to integrate and promote our Values with our clients, shareholders, employees and business associates. We believe communities with an array of thriving local businesses tend to offer their residents greater economic potential, stabilized housing and increased potential for employment.
Our SDP contains approximately 2,500 priority suppliers businesses that provide the following services or products: advertising/marketing, binding reports, cleaning/janitorial, maintenance, computer equipment/supplies, office furniture/supplies, consulting, courier/delivery, duplicating, graphic art-work, human resources and/or legal services, moving/storage, paper, printing, technology and training.
Additionally, we are active participant in a number of diverse supplier organizations. Through attendance at trade shows and other business events, we actively look to identify new sources of qualified small and diverse suppliers for our SDP. In addition, we are continuously assessing our performance against industry best practices. We often work with our major suppliers to identify joint venture opportunities and we mentor diverse suppliers with whom we hope to work in the future. Supplier diversity not only makes good business sense at BNY Mellon, it’s our corporate responsibility.
BNY Mellon’s SDP, originally created in 1994 as the Priority Vendor Program, promoted the use of small and diverse businesses, and established a recordkeeping process to document the use of small businesses and firms led by minorities, women, veterans, gays, lesbians, bisexuals and transgenders, and other certain qualifying small business enterprises throughout the company. The initiative was renamed the Supplier Development Program in 2007.
BNY Mellon is affiliated with the following organizations:
BNY Mellon has received the following recognition for its leadership and active support of supplier diversity:
In 2015, BNY Mellon was recognized by Women’s President’ Educational Organization for our commitment to the success of women’s business enterprises and by the NYNJ Council for our outstanding contribution and continuous commitment to the Council’s mission. In 2014, BNY Mellon was named the 2014 Financial Services Corporation of the Year by the National Business Inclusion Consortium (NBIC) in recognition of its global commitment to and advancement of diversity inclusion best practices in the workplace, marketplace and supplier diversity programs. NBIC comprises the National Gay & Lesbian Chamber of Commerce, Women's Business Enterprise National Council, the National Black Justice Coalition, the United States Hispanic Chamber of Commerce, US Business Leadership Network: Disability at Work, the United States Pan Asian American Chamber of Commerce and WeConnect International. In 2012, BNY Mellon was named as Corporate Partner of the Year by the NY Women’s Chamber of Commerce.