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![Progress in spend with diverse suppliers by 2025, $42.1 million with the goal of $100 million Progress in spend with diverse suppliers by 2025, $42.1 million with the goal of $100 million](/sites/resources/files/styles/large/https/brandassets.principal.com/transform/4f84f57a-a5d6-4242-a9bf-398e10d05749/pcom-esg-supplier-diversity-202405.webp?itok=47qfVSH-)
Supplier diversity
Working with diverse suppliers, vendors, and business partners helps improve our competitive edge in the global marketplace and contributes to our strategic objectives.
In all bidding opportunities we strive to consider businesses owned, controlled, and operated by diverse individuals, including women, people of color, veterans, members of the LGBTQ+ community, and individuals with different abilities. Our supplier diversity program provides criteria and eligibility requirements for diverse suppliers in the U.S. interested in doing business with us.
Learn more on our supplier diversity page.
Our goal
- To create greater economic impact and growth opportunities for diverse suppliers, we aim to spend $100M with diverse suppliers in the U.S. by 2025.
![Photo of people at work Photo of people at work](/sites/resources/files/styles/large/https/brandassets.principal.com/transform/f6db6e20-a15b-4e27-8986-36c8dddcd7aa/AdobeStock_427662940_PFG.webp?itok=5TKaPSqB)
Supply chain management
We are mindful of our impact on the world, and the role our supply chain plays in this. By integrating sustainability considerations into our procurement processes, we’re gaining more transparency to help mitigate business risks and create positive change through our value chain.
We expect all suppliers, vendors, and businesses we do business with to comply with our Global Supplier Code of Conduct, and/or our Global Code of Conduct.
7
diverse suppliers took part in a pilot development program with a national business coach and business growth curriculum
$42.1 million
spent with diverse suppliers
2023 Sustainability report
Read more about our commitment to sustainability.
Download full report (PDF)Our work supports the following UN Sustainable Development Goals:
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