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Promoting an environment for diverse businesses to thrive needs a proactive procurement strategy. The mission of supplier diversity at Eaton is to achieve community and economic impact by including diverse companies throughout our supply base.
We strive to build strategic partnerships based on three important pillars: innovation and value; economic inclusion; and business development.
Our supplier diversity team commits to creating a sustainable diverse sourcing strategy by focusing on these objectives:
Eaton is committed to continuing to leverage our award-winning supplier diversity strategy to create long-term and sustainable economic impact in the communities in which we live, work and serve.
Our suppliers are our business partners, and it is important that these partnerships reflect the communities where we live, work and serve. Engaging with small or disadvantaged suppliers also allows for innovation and adaptation to changing market conditions and customer needs.
At Eaton, we are dedicated to fostering an intentionally inclusive, non-discriminatory supply chain. Our strategy is centered on forging strategic partnerships with top performing companies that not only excel in their respective industries but also align with our values and support the sectors we operate in.
Eaton spent over $1 billion with small or disadvantaged suppliers again in 2024. This represented a slight increase in spend with both women-owned and veteran-owned businesses. We continue to strengthen our supplier diversity program, purchasing over $2 billion in goods and services from small and disadvantaged suppliers. Our spend with small or disadvantaged suppliers represented 36% of our overall spend with U.S. suppliers.
We continue to leverage our relationships with multiple certifying agencies to identify potential small or disadvantaged suppliers.
In 2024, Eaton conducted an Economic Impact Analysis of our Supplier Diversity Initiative to understand the broader impact of our engagement with small and diverse businesses. The analysis demonstrated how our supplier relationships contribute to income growth and job creation across communities nationwide.
That engagement generated more than $2.9 billion in economic impact and supported 11,426 jobs across the United States. Beyond direct job creation, our Supplier Diversity program delivers a multiplier effect—supporting additional employment throughout our supply base and the communities in which our suppliers operate.
We rely on strong partnerships with various certifying agencies to grow our supplier diversity program and maintain our third-party verified database of diverse suppliers. Our local, national and international diverse supplier affiliations and certifying agencies include:
Michigan Hispanic Chamber of Commerce (MHCC)
Michigan Minority Supplier Development Council (MMSDC)
Minority Supplier Development United Kingdom (MSDUK)
National LGBT Chamber of Commerce (NGLCC)
National Minority Supplier Development Council (NMSDC)
National Veteran Business Development Council (NVBDC)
Ohio Minority Supplier Development Council (OMSDC)
Small Business Administration (SBA)
Women's Business Enterprise Council Ohio River Valley (WBEC-ORV)
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