External Outreach Activities
seeking small and diverse suppliers through active involvement with small businesses, veteran organizations, and minority development organizations.
ge vernova supplier diversity
Purpose
At GE Vernova, we believe that diversity and inclusion create better outcomes for our businesses, employees and communities. Our Supplier Diversity Program is one way that we aim to have a positive impact within the places where we work and live. Having a healthy mixture of small and diverse qualified suppliers provides greater innovation and flexibility in the supply base. Our GE Vernova Sourcing mission is to support our competitive pledge of excellence, ensure customer satisfaction, and increase GE Vernova’s sustainability while promoting diversity, innovation, and social responsibility. Our objective is always to find the most qualified suppliers who can meet safety, quality, delivery, price, and cash requirements.
Objectives
GE Vernova is committed to utilizing and fairly considering small and diverse suppliers to support the Company’s strategic sourcing of goods and services. Diverse suppliers that seek to do business with GE Vernova must demonstrate the ability to add value and provide high-quality goods and services safely that are competitively priced, reliable, and aligned with our commitment to deliver excellent service. GE Vernova recognizes that its business performance is enhanced through the expertise and creativity of all GE Vernova’s suppliers.
Supplier Development
increasing small and diverse supplier capacity to support GE Vernova’s innovation, sustainability, and competitiveness within the marketplace.
Communications
educating employees, management, small and diverse suppliers, and the community-at large on GE Vernova’s Supplier Diversity Program and policies.
Employee Recognition
GE Vernova will annually recognize Suppliers and Employee efforts for those going above and beyond to promote and support the development of small and diverse suppliers.
Supplier Diversity Council and Program
GE Vernova is committed to building a strong Supplier Diversity Program that promotes growth and opportunities for all stakeholders. In order to do that we have created a Supplier Diversity Council with representatives from each of the GE Vernova businesses. Our council has three committees including our Standard Work Committee, our Data, Reporting, Outreach & Development Committee and our Awards & Recognition Committee. The entire Supplier Diversity Council is committed to continuous improvement and are working diligently to assist all of GE Vernova achieve a world class Supplier Diversity Program.
The Supplier Diversity Program will include:
Program Oversight
Overseeing GE Vernova’s Supplier Diversity Program shall be the responsibility of the Chief Procurement Office and Chief Risk Officer, with support from the Diversity, Equity & Inclusion Officer, the Supplier Management Department and the Environmental, Social & Corporate Governance (ESG) Committee.
Objective Measurements
Establishing and meeting company and departmental goals and objectives that support GE Vernova's overall diversity strategy and support customer contractual requirements.
Tracking and Reporting
Monitoring and reporting GE Vernova’s progress toward achieving its supplier diversity goals and objectives with a strong emphasis on continuous improvement.
Training and Education
Helping to ensure that associates in decision-making positions throughout our organization understand GE Vernova’s Supplier Diversity principles, objectives, and commitment
External Outreach Activities
Seeking small and diverse suppliers through active involvement with small businesses, veteran organizations, and minority development organizations.
Supplier Development
Increasing small and diverse supplier capacity to support GE Vernova’s innovation, sustainability, and competitiveness within the marketplace.
Communications
Educating employees, management, small and diverse suppliers, and the community-at large on GE Vernova’s Supplier Diversity Program and policies.
Employee Recognition
GE Vernova will annually recognize employee efforts for those going above and beyond to promote and support the development of small and diverse suppliers.
Supplier Diversity Definition
A “Diverse Supplier” is defined as a company that is certified to be at least 51 percent owned, managed, and controlled by one or more minority persons, or non-minority women, or a small business that conforms to guidelines established by the United States Small Business Administration.
The main categories of small and diverse suppliers considered within GE Vernova’s Supplier Diversity Program are:
• Minority-owned Business
• Woman-owned Business
• LGBTQ+-owned Business
• Veteran-owned Business (including disabled veteran-owned)
• Disability-owned Business
• Small Business (as defined by the U.S. Government)
• Small Disadvantaged Business
• Qualified HUB Zone Small Business
• Alaskan Native Corporations and Indian Tribes
Corporate Member
Welcome to the GE Vernova Supplier Portal. Partnering with us signifies commitment to World Class Sourcing, a cornerstone of our vision. As we work together, you are an integral part of a networkcommitted to innovation, excellence, and driving sustainable solutions forward. Discover the opportunities and resources here to amplify our mutual success. Together, let’s power innovation for a more sustainable tomorrow.
GE Vernova is currently a corporate member of the following councils:
