We are committed to providing equal access to business opportunities with Moody’s. We are working to encourage diverse supplier spend through our Supplier Diversity Program. This includes working with our suppliers to encourage diverse spend within their own supply chains, helping us track how they utilize diverse suppliers on our behalf.
Addressable spend with diverse suppliers that we do business with directly
Note: Percent of diverse supplier spend decreased in 2020 in part due to a significant increase in software and hardware spend with larger suppliers to pivot to remote working, as well as one of our large suppliers losing its diversity status.
We are furthering our supplier diversity by pledging 5% of our 2021 addressable spend toward integrating more women-owned businesses into our supply chain.