In 2017, we were proud to be named to the Billion Dollar Roundtable, an organization that recognizes and supports corporations that achieve $1 billion in annual spending on diverse- and women-owned suppliers. We also earned a place on DiversityInc’s 2017 Top 50 Companies for Diversity list for the first time, in large part due to our focus on diverse supplier spending. Finally, we were recognized by the country’s leading corporate membership organization, the National Minority Supplier Development Council, as Corporation of the Year Top Performer.
Inspired by the success and growth we’ve seen in this area over the last few years, we’ve set new, ambitious spending targets for 2020 and ongoing efforts to identify, nurture and maintain relationships with diverse partners throughout our supply chain. We’re striving to meet these higher expectations with the following targets:
- Increase our annual spending with Tier I (prime) diverse- and women-owned suppliers to $1.5 billion by 2020.
- Increase our annual spending with Tier II (sub-contractor) diverse- and women-owned suppliers to $1 billion by 2020.
To learn more about all the CVS Health Supplier Diversity Program achieved in 2017, please view our 2017 Supplier Diversity Economic Impact Report.