Transparency & Accountability in Supplier Diversity Data
Data integrity plays an important role in measurement and reporting. As we pursue our Supplier Diversity aspirations, we are committed to accurate and consistent reporting and data substantiation. Altria strongly encourages the use of suppliers that obtain diversity certifications through global, national or local diversity councils and Chambers of Commerce. We also recognize that these processes can be arduous and costly for many business owners, so we are piloting a Supplier Diversity Self-Attestation process to serve as a springboard to certification and its benefits. In the interim, a team is evaluating potential improvements to prevent fraud during the self-attestation process and identifying ways to encourage suppliers to certify their businesses. If you are currently an Altria supplier and are not certified, a Supplier Diversity Self-Attestation Form can be submitted to email@example.com to attest to your designation.
Diverse Supplier Spend Utilization Progress
In 2020, the Supplier Diversity team recognized an opportunity to be more inclusive with our diverse spend approach across the enterprise. We established a longer-term aspiration with fewer exclusions on the type of spending that would factor into our utilization calculation. With this new, more inclusive baseline, our supplier diversity aspiration is to achieve a 15 percent diverse supplier spend by 2030. As of Q4 2020, we achieved 7.6 percent diverse spend.
2020 Diverse Spend2 Utilization