Our supplier diversity vision
Be the corporate leader in making small, woman-owned; minority-owned; HUBZone; veteran-owned; and service-disabled, veteran-owned businesses a natural part of our business environment, creating an advantage for our customers and achieving long-term growth and business success.
Our supplier diversity mission
FirstEnergy recognizes the importance of supplier diversity in all aspects of our business and Supply Chain practices. By creating sound business relationships, we strengthen economic development and viability for all parties, while providing a value-added strategy that creates a competitive advantage.
Our policy statement
FirstEnergy is committed to supplier diversity as one of the key core values that are fundamental to achieving our vision of providing superior value to our customers and investors.
Supporting diversity is essential when locating sources of materials and services, selecting suppliers, and managing supplier and contractor relationships. Inclusiveness provides real business opportunities to traditionally underused suppliers. Diversifying our vendor base also helps enhance competition among suppliers, resulting in increasingly innovative products and services, improved reliability, and lower costs.
"Every employee and business unit needs to be vigilant in supporting supplier diversity and sharing the vision of inclusiveness as we work to make our supplier base as diverse as our customer base." - June 2004
Tony Alexander
President and Chief Executive Officer
FirstEnergy Corp.
(06/29/07)
Tier II Reporting Policy
Policy Statement
As a prime contractor to the federal government FirstEnergy is required to flow-down the Small Business Subcontracting Plan requirements located in Federal Acquisition Regulation (FAR) Clause 52.219-9 to its large Tier I suppliers. This legislation requires any large Tier I supplier receiving a FirstEnergy single (one-time) contract with a dollar value in excess of $550,000 (or $1,000,000 for construction) adopt a subcontracting plan as referenced in the FirstEnergy Service Company – General Terms and Conditions: Article - Compliance with Laws, Regulation, and Permits. Subcontracting activity reports from Tier I suppliers are due to Supply Chain’s Contracts & Compliance group annually.
FirstEnergy hereby establishes its Tier II Reporting Policy which is intended to enhance, not replace, its own efforts to increase meaningful sourcing opportunities for small, minority, women-owned, veteran and service disabled veteran owned businesses (herein referred to as diverse businesses). We will look to our large Tier I suppliers to share similar values regarding utilization of small diverse businesses, especially when fulfilling FirstEnergy work requirements.
Reference: Tier II Policy, Reporting Guideline & Tutorial
(05/15/08)
