Just as Texans, and the energy sources they rely on to power their lives, are diverse, the EFH family of companies relies on a diverse supplier base to strengthen our competitive advantage and enhance the economic development of our communities.
Our commitment to supporting businesses owned by women starts with EFH CEO John Young. An ardent supporter of women in business, Young actively supports and recognizes women’s excellence in entrepreneurship, leadership and mentorship within the company and the community.
Today, the American Institute of Diversity and Commerce will induct Young into its Women’s Business Enterprise Hall of Fame in honor of “his stellar record as an outstanding Chief Executive officer and advocate in the women’s business enterprise community…” Young previously was the inaugural recipient of the CEO Leadership Award by the Women’s Business Enterprise National Council in 2012.
EFH’s supplier diversity initiative has a long record of strengthening the company’s competitive advantage while promoting corporate responsibility. This initiative works to ensure diverse suppliers have opportunities to participate in the supply chain and to develop additional capabilities and competitiveness.
Since 1991, EFH has spent more than $5 billion with diverse suppliers, more than half of that with women-owned businesses. Further, EFH has been named one of America’s Top Corporations for Women Business Owners by the Women’s Business Enterprise National Council every year since the award’s inception 14 years ago.
“Supplier Diversity has been important to us as a company for more than two decades,” said Cheryl Stevens, vice president of Supplier Diversity for EFH. “Economic development has always been a key component. Just as significant, however, is that our diverse suppliers bring fresh ideas and innovative products and processes to us, making us even more competitive. Our success continues to be a result of the commitment of John Young and our executives, our supply chain organization, our internal clients and our outstanding suppliers.”