Press release
Exelon Energy Transformation Centered on Diversity, Equity and Inclusion
Exelon spent more than $2.8 billion in 2022 with businesses owned by people of color, women and veterans as company focuses on growth of renewables,
About this update from Exelon Corporation
[{"type":"text","content":"\nExelon spent more than $2.8 billion in 2022 with businesses owned by people of color, women and veterans as company focuses on growth of renewables, increased electrification, decarbonization and grid resiliency improvements\n\n CHICAGO--(BUSINESS WIRE)--\nAs just one part of its commitment to ensure the clean energy future is accessible to all communities, Exelon (Nasdaq: EXC) today announced that it spent more than $2.88 billion with diverse suppliers in 2022, representing 39 percent of total enterprise-wide spend. Over the past five years, Exelon’s spending with businesses owned by women, people of color, veterans and LGBT persons totaled more than $13 billion.\n\nExelon’s diverse spend announcement is the latest in a host of commitments in recent years to ensure the economic and environmental benefits of a clean energy future are accessible for all communities. From investments in the reliability and resilience of the grid to programs that provide family-sustaining jobs and opportunities for the next generation of leaders, Exelon supports those who traditionally have less access to resources and opportunities.\n\n“As the energy landscape evolves, one of the most important jobs I have as CEO is leading that transformation in a way that is just and equitable,” said Calvin Butler, Exelon president and CEO. “The promise of a clean energy future must be fulfilled for all our communities, especially those that disproportionately suffer the effects of climate change more than others – no one can be left in the dark.”\n\nExelon serves some of the nation’s largest and most ethnically diverse metropolitan areas – including Baltimore, Chicago, Washington, D.C., and Philadelphia. The company has developed several programs and initiatives to ensure that its supplier base, as well as its workforce and culture, reflect the diversity of its customers and communities.\n\nHBCU Scholars program\n\nExelon Foundation HBCU Corporate Scholars Program provides students who attend historically Black colleges and universities (HBCU) with four years of scholarship assistance, opportunities for summer internships and early career readiness support to help prepare them for rewarding careers at Exelon and within the energy industry.\n\n\nThe scholarships, valued at nearly $2.4 million, provide 24 students with $100,000 – or $25,000 per year for four ye...