Our Supplier Diversity Program is a business commitment to mentor, develop and integrate diverse suppliers into the provisioning of products and services for CBRE or our customers.
Supplier diversity enables CBRE to assist our clients in meeting their supplier goals, facilitate the success of diverse suppliers, increase our competitive advantage and drive economic impact or empowerment in underrepresented communities and in communities where we live and work. As we engage with certified diverse partners, we will ultimately enhance CBRE’s value proposition and be better positioned to meet and exceed our customers' needs.
In 2020, CBRE announced a pledge to spend at least $1 billion with diverse suppliers in 2021 and to grow this spend to at least $3 billion in five years. By achieving these goals, CBRE will substantially increase its engagement and partnerships with businesses that are certified as owned by underrepresented groups, including minorities, Indigenous people, women, veterans, LGBTQ+ and individuals with disabilities. CBRE defines a diverse supplier as a supplier that is at least 51% owned, operated and managed by an underrepresented group.
We engage with organizations that can help us identify and work with certified diverse suppliers. We are a corporate member of the National Minority Supplier Development Council (NMSDC), the Women’s Business Enterprise National Council (WBENC), the National Veterans Business Development Council (NVBDC), the National Gay and Lesbian Chamber of Commerce (NGLCC) and Minority Supplier Development United Kingdom (MSDUK).