Supplier Diversity
More Diversity. Greater Perspective.
Northern Trust is committed to recognizing and supporting firms that exhibit a commitment to diversity, irrespective of company size, longevity, and ownership. Through our Supplier Diversity360 program, we seek to stimulate and promote economic development in the communities where we work and to engage with certified and qualified diverse businesses. Our goal is to help break down barriers to growth for diverse business owners, especially ethnic minority, female, veteran, LGBTQ+, disabled, service-disabled veteran and small business enterprises. Our program has long served as a leader in developing a holistic approach for evaluating supplier diversity by workforce composition, community engagement and procedural accessibility.
We use a multi-dimensional lens that goes beyond assessing supplier diversity not only by the ownership of the organization, but also based on an organization’s leadership, employee diversity, community engagement, and its own supplier diversity program. This also includes the tracking of Tier 2 diverse spend information. We use a quantitative method to measure our engagement.
May 26, 2021
Supplier Diversity360 Broadens Focus Beyond Ownership