Energy Future Holdings has a long-standing commitment to the economic development of the communities it serves. The Supplier Diversity initiative at Energy Future Holdings was founded, and continues to be based on the strength of this commitment. Endorsed and supported by the highest level of Energy Future Holdings's management team, the Supplier Diversity initiative supports the development and utilization of small businesses, and businesses owned by women and minorities. The commitment is about good business. At Energy Future Holdings, we recognize that a successful, progressive and innovative supplier diversity initiative not only enhances the economic development of communities, but strengthens Energy Future Holdings's competitive advantage in the marketplace.
Importance of Supplier Diversity for the EFH Companies
Research shows the business value and economic relevance of a progressive, proactive Supplier Diversity initiative to the economic success of corporation and communities. A strong minority and women supplier base increases the breadth and depth of available suppliers; creates more competition, providing a greater selection of competitive service providers; and adds jobs, strengthening the economy. For EFH companies, further value of Supplier Diversity can be directly linked to the business goals of each respective business:
- TXU Energy - Potential and existing large commercial customers recognize the value of Supplier Diversity to their success. These customers want suppliers who share their commitment and they establish weighted values for Supplier Diversity performance within the FGE and RFP process. Supplier Diversity success gives TXU Energy a distinct competitive advantage. In addition, with respect to small commercial and residential customers, research shows that consumers in growing numbers, when informed about a company's positive work in the supplier diversity arena, will select that company as a supplier.
- Luminant - A diverse, robust supply chain is as integral to business success as the quality of people and the quality of technology. Inclusion of minority and women owned companies in the Luminant sourcing process helps build quality processes; enhances corporate economic strength; and strengthens each community where there is a Luminant presence. From a regulatory, licensing and legislative perspective, a positive record of inclusion can be significant in determining a company's true commitment to corporate responsibility and citizenship.
- Oncor - Oncor has a long history of commitment to community and economic development. Supplier Diversity helps the community. For a community to be healthy, all citizens must have opportunities. Development of minority and women owned businesses helps create those opportunities, creating jobs, increasing the tax base, building community leaders, and growing the overall economy. Relationships with local and state regulators and legislators are strengthened by Oncor's commitment to inclusive sourcing opportunities for their constituencies.