ExxonMobil has understood the importance of investing in women’s business enterprises for decades. Our supplier diversity program began in the United States nearly fifty years ago and, since then, has steadily expanded globally. Including more women-owned businesses provides much-needed innovation, increases competition in the supply chain and builds customer and supplier loyalty by supporting the communities in which we operate.
Our current supplier diversity strategies include enhancing our engagement with Tier 2 suppliers. We focus on developing and scaling our existing and potential suppliers through education and mentoring, and work closely with external organizations to develop strategies that will deliver enhanced value to our company.
In addition, we invest in organizations around the world dedicated to bolstering women’s economic empowerment. When women have control over their income, they invest in the health, education and well-being of their families. Women also reach out and propel other women forward, creating a powerful multiplier effect that benefits the whole of society. Since 2005, ExxonMobil and the ExxonMobil Foundation have supported women in more than 90 countries to fulfill their economic potential and drive economic and social change in their communities. To date, we have invested more than $120 million to help community-based and global partners implement programs directly benefiting tens of thousands of women, in addition to the $500 million we spend each year with women-owned businesses.
In 2013, in conjunction with the UN Foundation and World Bank analysts, ExxonMobil supported the creation of the Roadmap for Promoting Women's Economic Empowerment which identifies proven, promising, and high-potential interventions that increase productivity and earnings for different groups of women in diverse country contexts. The Roadmap gives funders, non-governmental organizations, and governments a path to programs that effectively help women improve their incomes, productivity, and ultimately, their communities. It was updated in 2016.
Working with both local and international partners, we are moving closer to a world where women are full participants in both the social and economic spheres of society. In our community investments, we focus on developing women entrepreneurs, implementing programs on financial literacy and access to savings accounts, improving productivity of women farmers, and providing access to simple but critical technologies that catalyze new business development and address energy poverty.
Our current supplier diversity strategies include enhancing our engagement with Tier 2 suppliers. We focus on developing and scaling our existing and potential suppliers through education and mentoring, and work closely with external organizations to develop strategies that will deliver enhanced value to our company.
In addition, we invest in organizations around the world dedicated to bolstering women’s economic empowerment. When women have control over their income, they invest in the health, education and well-being of their families. Women also reach out and propel other women forward, creating a powerful multiplier effect that benefits the whole of society. Since 2005, ExxonMobil and the ExxonMobil Foundation have supported women in more than 90 countries to fulfill their economic potential and drive economic and social change in their communities. To date, we have invested more than $120 million to help community-based and global partners implement programs directly benefiting tens of thousands of women, in addition to the $500 million we spend each year with women-owned businesses.
In 2013, in conjunction with the UN Foundation and World Bank analysts, ExxonMobil supported the creation of the Roadmap for Promoting Women's Economic Empowerment which identifies proven, promising, and high-potential interventions that increase productivity and earnings for different groups of women in diverse country contexts. The Roadmap gives funders, non-governmental organizations, and governments a path to programs that effectively help women improve their incomes, productivity, and ultimately, their communities. It was updated in 2016.
Working with both local and international partners, we are moving closer to a world where women are full participants in both the social and economic spheres of society. In our community investments, we focus on developing women entrepreneurs, implementing programs on financial literacy and access to savings accounts, improving productivity of women farmers, and providing access to simple but critical technologies that catalyze new business development and address energy poverty.
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